News
Insurance Risk North America: Insurers warn of over-reliance on 'captivating' models
Robust governance process needed for third-party models
SGX proposes to remove unlimited liability for CCP clearing fund
Singapore CCP looks to strengthen its risk management approach
Fed discount window could resolve CCP collateral liquidity concerns, say clearers
US regulatory concerns about liquidity of government securities collateral could be resolved by access to the Fed’s discount window, CCP officials say
CFTC proposes 'unassailable' position limits rule
CFTC puts forward another Dodd-Frank position limits rule, generating concerns among commodity derivatives end-users
Insurance Risk North America: Bank-centric capital backstop 'would threaten consumers'
MetLife CRO outlines company's proposal for backstop capital standard
Hedge funds increase Asia quant investing risk capital by 50%
An improved Japan economy is ramping up quant investor activity across Asia
Sefs have work to do on impartial access - Gensler
Some Sefs are not offering equal terms to all market participants, CFTC chairman tells industry conference
Insurance Risk North America: Capital projection and stress test data challenge insurers in Orsa development
Industry trying to focus on Orsa and regulatory capital
Sovereigns look to hedge fuel imports after Morocco deal
More energy importing countries are in talks about hedging fuel purchases after Morocco’s sovereign hedging deal, say bankers
Trilogue parties lock horns on Solvency II third-country equivalence
Commission seeks flexibility to unilaterally recognise US, but resists making temporary regime open-ended
CME threatens to flee US as regulators challenge liquidity of US Treasury collateral
US CCPs may need committed funding to count US Treasury collateral as liquid
Iosco report exaggerates hedge fund leverage, critics claim
A report from the International Organization of Securities Commissions on the systemic risk posed by hedge funds lacks substance, industry participants claim
Remit insider trading rules continue to confuse energy traders
Despite coming into force in December 2011, Remit insider trading rules continue to raise questions among energy traders
Japan FSA relaxed about spike in JGB liquidity swap trades
No regulatory focus on emerging Japan liquidity swaps market
Top 10 operational risks for 2014
Internal failures will prove as dangerous as external threats for the financial industry in 2014
Nord Pool Spot denies UK virtual hub will delay NWE coupling
APX says creation of UK virtual hub could delay NWE power market coupling, but claim is strongly denied by Nord Pool Spot
Osfi copies US CVA charge to protect Canadian banks
Canadian regulator wants its banks to compete on same terms as US rivals
Bank of England calls for greater transparency on CCP margin modelling
CCPs should have complete transparency on risk to prevent margin-related failures
People: UBS beefs up US equity derivatives team
Americas EQD business gets new head and new head of sales; Higgins joins RBS as head of European fixed income; Nomura adds staff across Asia; four equity flow hires at SG CIB
Fatca fears reach swaps market
US tax rules could leave compliant foreign firms out of pocket unless swap documentation is amended
Basel Committee drops fixed correlations in new trading book proposals
Banks relieved as revised trading book proposals drop plans for capital to be based on regulator-set correlations
FCA skilled persons reviews 'a distraction from compliance', experts warn
Stronger FCA focus may be diverting resources from day-to-day compliance tasks
Asia Risk Congress: BIS points to Asia example as evidence new LCR not 'relaxed'
Asian regulators' partial recognition of Level 2B assets justifies revised Basel liquidity approach
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of forex benchmarks