News
Synthetic ETF providers praised for counterparty risk efforts, but multiple model needs work
A Morningstar report says synthetic exchange-traded funds have made welcome strides in tackling counterparty risk, but transparency is still lacking in multiple counterparty ETFs
Fears that IFAs will focus on the 'super-rich' post-RDR
As the regulatory environment gets tougher for UK retail banks, some industry figures warn of an exodus of IFAs from the retail market in order to target high-net-worth investors
Finra provides more granular interpretation of suitability rule
Finra has issued a regulatory notice responding to questions about its 2010 suitability rule
Vanguard brings its physically-backed ETFs to Europe
Vanguard has launched its first exchange-traded funds in Europe with five listings on the London Stock Exchange
Internal models can cut capital requirements for longevity and mortality risk – RMS
Standard formula for mortality and longevity risk a 'crude' measure, says Risk Management Solutions
Banks must prepare for more Fatca-style legislation, experts warn
The likelihood of Fatca-style legislation from other jurisdictions means banks must be prepared
Tullett Prebon and Allianz to launch Solvency II data service
Benchmark OTC curves 'will help insurers calculate risk data for market risk models'
Facebook makes its debut as a structured product underlying
Investors in Europe have been buying structured products linked to Facebook since its stock market launch and now US investors will get a chance to do the same as the first product linked to the company's shares is registered with the SEC
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
DTCC looking to ink agreements with other trade repositories in Asia
US firm takes steps to co-ordinate the reporting of OTC trades between different Asian locations
Credit Risk USA: Direct buy-side clearing 'not feasible'
Added cost and mutualised risk will discourage direct clearing participation, panel concludes
Current crop of equity and bond indexes criticised by Asia-Pacific investors
Concentration issues and a lack of diversification cited as problems in Edhec-Risk survey, though no alternatives in sight
Parala Capital launches 'index of indexes' in conjunction with Dow Jones Indexes
Macro strategy boutique Parala Capital has signed its first index deal with Dow Jones Indexes
Credit Risk USA: Real estate, rates and bank competition a concern, says OCC
Deputy comptroller gives sneak-preview of possible systemic threats that will be highlighted in a forthcoming OCC report
Deposit flight threatens banks' eurozone ALM efforts
Attempts to match assets and liabilities on a country-by-country basis could be threatened if Greece exits eurozone, lenders fear
NY Fed's Dudley fears CCP capital 'cliff effect'
Supervisors should ensure the capital regime for cleared trades avoids a sudden leap in risk weights, says New York Fed president
Former SG executives launch multi-commodity discretionary hedge fund
Ex-SG commodities executives Christophe Cordonnier, Frédéric Lasserre and François Beuzelin launch broad-based discretionary fund
Europe gets long and short ETFs on US and UK sovereign debt, with leverage
The first exchange-traded funds to offer daily leveraged exposure to US and UK sovereign debt have been listed in Europe
Life & Pension Risk Nordics: Orsa risk quantification will not require internal model - Eiopa
And Danish regulator says there has been too much focus on Solvency II’s capital requirements
Burns joins US SEC trading and markets
SEC appoints James Burns as deputy director in trading and markets division
IOR elects three new council members
Institute of Operational Risk appoints three new council members
SEC appoints deputy chief of staff
SEC appoints Erica Williams as deputy chief of staff
HFT adds value to the forex market, says Bank of England
The effects of high-frequency trading activity should continue to be monitored, but the practice adds value to the forex market, argues a senior Bank of England official
People moves
The latest people moves in the securities services industry