News
SEC extends interim CDS portfolio margin rule
Buy-side firms angry about continuing margin disparity and uncertainty
Schedule slips and costs rise on rate hedge payouts
UK regulator reveals that banks will miss deadline for compensating interest rate hedge mis-selling victims
Europe looking 'dysfunctional and extreme' over Esma equivalency procedure
No guarantee of equivalence being granted to Asian clearing houses
Sefs battle with confirmations after CFTC relief expiry
A second no-action relief period that exempted Sefs from issuing confirmations expired on November 29, leaving forex traders unsure whether Sefs can handle the requirement
New FCA deadline for power and gas forwards ‘more realistic’, says industry
A decision to delay a deadline for brokers to review their classifications of physically settled gas and power forwards by two months has been welcomed by industry participants
SEC targets ‘protected’ and ‘guaranteed’ fund names
After criticising the use of the term “principal protected” in structured notes, the SEC turns to ETFs and mutual funds that promise protection from loss in their names
Retail investors may be paying tax unnecessarily
A loophole in the UK's tax rules relating to financial advisers means investors can avoid paying VAT on certain transactions, but some advisers could be charging it nevertheless
SG CIB completes longevity trade for Aegon
Deal with Dutch insurer Aegon marks French bank’s first major transaction in the longevity swap market
EC fines banks €1.7bn over benchmark rigging
Eight banks fined for participating in illegal cartels; UBS avoids €2.5 billion fine in exchange for co-operation
Footnote 513 exceeds CFTC's statutory brief: O'Malia
Failure to define a "significant or direct" threat to the US economy has brought regulatory overreach
Hedge fund interest drives Japan convertible bond issuance
Availability of asset swaps key to hedge fund demand for convertible bonds
BSE currency futures face uncertainty in 'overcrowded' market
Product launch "incomprehensible" in saturated currency futures market
Italian life insurers look to dynamic hybrids to reduce guarantees burden
Generali sets trend with innovative rebalancing mechanism
Ombudsman rejects Meteor structured product complaint
A couple invested in a Lehman Brothers-backed structured product will not be able to claim £165,000 back after the UK Financial Ombudsman Service rules it was not mis-sold by Meteor
Actuarial resource constraints hold back growth in central and eastern Europe
Lack of data and market fragmentation also challenging, say insurers
Bank of England still undecided over stress test scenarios
Fixed scenarios "could be procyclical"
More firms expect technology spending increase in 2014
Rising expectations
CFTC extends no-action relief to sole Asian Sef
Australia-based Yieldbroker can continue to service US clients while CFTC considers its Sef application.
'Patchy' liquidity in FX a concern for the future
Concentration in the number of liquidity providers and the reliability of HFT market-making raises concerns for senior industry officials
PRA protects clearing from leverage ratio hammer-blow
Banks say leverage exposure "could be halved" after PRA acts to safeguard business
RBS review heralds tighter focus on small business lending
The news of a regulator-ordered review of RBS's lending shows that the FCA plans to tighten up oversight of treatment of small businesses as well as retail customers
One-third of UK consumers see ‘low value’ in financial advisers, index shows
Financial advisers in the UK received a score of 73 out of 100 in a Vanguard survey designed to measure the value financial advisers deliver to their clients
Nigerian CSD: derivatives, CCP and securities lending in 2014
At Nigeria's third Capital Market Committee retreat this week, the head of the country's central securities depository reports on progress liberalising the market - and dealing with unclaimed dividends
Global capital standard may require ‘adjustments’ to national supervisory regimes
European regulators prepared to reopen Solvency II to comply with future international quantitative standard