News
Esma blames repositories for OTC reporting delay
Esma unable to approve repositories for new regime because applications are incomplete, regulator says
Oil producer hedging surges amid Middle East turmoil
Elevated WTI prices, pushed up by regional unrest, are creating opportunities for US oil producers to hedge
Industry ‘won’t bother’ with one-time rehypothecation
Critics say a limited provision in new WGMR rules for dealers to rehypothecate client collateral is impractical and offers no benefit to clients
Non-US platforms shun US banks over Sef rules headache
Isda conference in New York hears some trading platforms outside the US are turning away US persons to avoid registering as a Sef
Looming Emir deadline prompts race to comply
Hundreds of corporates amend OTC documentation this week, ahead of September 15 portfolio reconciliation deadline – but market participants warn of "massive non-compliance"
Banks at risk of FVA arbitrage, say Hull and White
Academics who ignited fierce debate on funding valuation adjustment return with new paper
Real to set sights on renewables after acquisition by Munich Re
Purchase of RenRe Energy Advisors could lead to new weather hedging tools for renewable energy
Extreme mortality bond issuance predicted to expand as spreads tighten
Successful placement of SCOR bond indicates increased investor appetite for life risk
IsdaFix faces rival based on swap repository data
New end-of-day benchmark is "much harder to manipulate" than industry standard IsdaFix
Postponed Omnibus II vote casts doubt on Solvency II 2016 launch
European Parliament pushes back vote to March 11 despite positive developments in Omnibus II negotiations
Wall Street trading software not adequately tested, experts warn
Recent glitches highlight aggressive culture on Wall Street
EU ETS fix should focus on long term, argue market participants
Short-term fixes give rise to uncertainty, in contrast to long-term change needed to rescue the ETS, say firms
More UK insurers to publish economic capital data next year
Firms look to make model outputs publicly available to test investor response to future Solvency II requirements
FX prime brokers continue to shun four-way agreements
Four-way agreements too difficult under Dodd-Frank external business conduct standards, say prime brokers
WMP crackdown spurs China structured products market
China's slower growth rate and rising risks in credit-based WMPs are pushing policy-makers to diversify investment products
FX now a $5.3 trillion per day market, says BIS
The latest BIS triennial survey shows the UK has strengthened its grip on the FX market, while USD/JPY has seen a strong increase in trading activity
Nominations open for European FoHF awards 2013
Europe’s only awards aimed exclusively at fund of hedge funds are now accepting entries. The awards recognise the best FoHFs with a substantial presence in Europe
WGMR rehypothecation rules unclear and confusing, say lawyers
Final WGMR rules allow collateral on uncleared derivatives to be rehypothecated under strict conditions, but lawyers say they are unclear on how the rules will work in practice
FCA figures suggest true cost of rate hedge mis-selling
Settling complaints of mis-selling complex interest rate products could cost UK banks billions
EU Council cooks up Solvency II volatility balancer revamp
New volatility adjustment proposed as optimism of trilogue agreement grows
Legal uncertainty over netting in China threatens Shanghai QCCP status
Foreign banks operating in China's OTC markets face punitive capital charges
US industry at odds over future of XXX captives
Competing solutions to A/XXX reserving proposed as Moody’s warns use of special-purpose vehicles ‘credit negative’