News
G-30 call for better scrutiny of bank boards
Financial leaders urge supervisors to assess the culture of banks
Taiwan structured product issuance up 70% in 2013
Driven by stronger retail and corporate demand, the Taiwanese structured product market has seen a significant increase in activity
Deutsche Bank's €94 million CVA loss was "good business", dealers say
Big loss was accompanied by even bigger capital saving, traders point out. Other banks now working out their own policy on controversial capital charge
Correlation suggests ‘return to normal’ for commodities
Commodities are being increasingly driven by market fundamentals, say analysts, forcing investors to search harder for returns
Structured product liquidity could lead to speculative trading, says former UK SPA chairman
A liquid structured products market would be great news for investors but the industry needs to consider the consequences, say market participants
Risk USA: debate continues over defining reputational risk
Negative events may not damage financial institutions' reputations, conference hears
Crédit Agricole transfers equity derivatives portfolio to BNP Paribas
'Normal service’ to resume in January 2014 following the transfer of the €12.5 billion portfolio to BNP Paribas
No agreement in crucial Solvency II negotiations
Further trilogue scheduled as inconclusive negotiations continues uncertainty over Omnibus II package
ComFrame must build on existing regulations, say insurers
Prescriptive international regime would be 'very challenging' for firms
PRA U-turn on reporting in Solvency II guidelines implementation
Proportionality concerns remain as narrative reporting to be included in UK preparatory phase
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