News
Standardisation needed in Sef reporting conventions
Sefs agree a lack of clarity on reporting requirements has created an inconsistent and fragmented view of trading activity
Risk USA: Deutsche Bank's 'painful' living will process
German bank tells of challenges posed by regulators' recovery and resolution requirements
EM currency notes finding buyers even after rout
European private bankers say investors are still going long emerging market currencies via structured notes, even after some of the currencies plummeted in value earlier this year
Singapore regulator joins in global benchmark manipulation probe
MAS joins the HKMA in looking to assist in global investigations of forex rate fixing
Risk USA: Standardised regulation will cause systemic risk, warns senior UBS risk controller
Regulators' efforts to prevent another crisis are having the opposite effect
Risk USA: Hire more quants in compliance, says SEC official
SEC official warns compliance teams at quant funds lack qualifications and knowledge to effectively monitor trading strategies
Risk USA: Buy-side prepares for fixed-income storm
Artificially low volatility leaves firms nervous about the future – and looking for fixed-income alternatives
Risk USA: Footnote 88 prompts BlackRock to abandon NDF platforms
Asset manager returns to phone trading after electronic execution in foreign exchange contracts is forced onto Sefs
Risk USA: BlackRock cuts strategies that rely on liquid markets
New liquidity paradigm caused by regulatory constraints is "here to stay", says BlackRock trading chief
Risk USA: Few options to manage CCP exposure, says RBS chief credit officer
Senior executives at RBS have weighed up the bank's potential exposure to CCPs
Branch LCR calculations should include parental support within three days
Loss of capital fungibility creates systemic risk, according to BAML compliance head
Risk USA: Changing risk culture means higher staffing costs
Conference told of resource challenges facing Deutsche CRO
Paulhac leaves CME Group
CME’s head of OTC products and services is expected to take up a senior position at Icap at critical juncture for electronic swaps trading
Increased new business margin drives embedded value to three-year high
Average increase of 5.5%, despite rising rates hitting bond portfolios
Liquidity seen as top concern for energy risk managers
Falling over-the-counter energy volumes in Europe and the US push liquidity to top of risk management agenda
RBI and industry disagree on new interest rate future structure
Indian regulators try an under-the-radar approach to launching a domestic interest rate futures market
Risk USA: JP Morgan settlement could scare off white knights
Future crises will be tougher to resolve if legal risks stop strong banks acquiring wounded competitors, warns CRO for RBS Americas
Risk USA: Link compensation to 'risk awareness', say CROs
Deutsche Bank and CQS using risk indicators to adjust pay
Risk USA: Regulators cannot hide from bank models, says Osfi’s Zelmer
Leverage-only approach would set prudential rules back 50 years, warns senior Canadian regulator
Risk USA: Foreign banks cannot escape swap dealer status, warns CFTC's Barnett
The "day will come" when CFTC tries to ensure compliance by foreign banks that have not registered as swap dealers
SFO investigating 22 individuals over Libor, court hears
Ex-trader Tom Hayes allegedly conspired with 22 others
Credit Suisse poaches RBS's Nelte for Americas role
Credit Suisse hires Nelte for NYC
Asia OTC markets at risk from lack of global CCP framework
HKMA concerned over the development of cross-border equivalence regulation
Libor set to remain as benchmark rate for OTC derivative contracts
Legacy issues and the lack of alternative benchmarks mean Libor will remain the default benchmark of choice for OTC transactions