News
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
Kill switches may lead to systemic risk, expert warns
Recent calls for kill switches may be misguided
German banks agree to reveal structured product valuations
In a bid to stay one step ahead of the regulators, a consortium of major German banks has volunteered to boost disclosure around the pricing and payout probabilities of their structured products
CFTC backs down on FCM residual interest rule
CFTC softens post-MF Global reforms to rules on segregated customer funds held by futures brokers
Asia Risk Congress: Asian dealers switch to London venues following Sef introduction
Sef rules are leading to regulatory arbitrage according to Asia industry players
Asia Risk Congress: Iosco's Singh calls for global regulatory institution
Global regulations need a worldwide regulatory body to monitor to them
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
Fatca FFI draft agreement finally released
Long-awaited document sheds light on compliance requirements
Pooled fund clearing questions vex CVA desks
Dealers and pension funds still waiting for clarity on whether hedging vehicles are covered by Europe's swap clearing exemption
BSI standard promises protection against bribery liability
New UK national standard will serve as a defence against charges of inadequate anti-bribery precautions
JVB name to remain after merger with PrinceRidge bolsters structured products
The two structured products distributors will operate as a single entity after parent company announces redundancies affecting 20% of staff
New Swedish discount curve rejects Solvency II methodology
Extrapolation method changed following concerns Smith-Wilson method impractical
Commission looks to review clause to close deal on Omnibus II
Extensive safeguards and supervisory controls to be built in to Solvency II long-term guarantees package, says Commission’s insurance head