News
Eiopa warns on use of external data in internal capital models
Insurers must supply information on third-party models in support of their internal model application
TD hires three in op risk to prepare for AMA
New staff to prepare for 2013 deadline
Structural issues hindering uptake of electronic trading in India
An increasing appetite for electronic trading by domestic Indian firms is being stymied by issues over market structure and regulatory climate
Hong Kong regulator to allow foreign currency liquid assets to make up LCR shortfall
HKMA backs foreign currency option for local banks struggling to meet Basel III’s liquidity coverage ratio
Partisan brief won't affect position limits lawsuit, says former CFTC chair
Brief filed by 17 Democrats at DC court will not influence court, says Sharon Brown-Hruska
SwapClear changes expulsion rules
SwapClear changes expulsion rules
India state sector banks require $40bn capital infusion to combat Basel III shortfall
India finance minister proposes setting up a financing entity to help raise capital for state-owned banks through bond issuance
Structured Products Americas: Finra happy with looser definition of complexity
A senior Finra official argues that structured product complexity does not always mean greater risk
LCH.Clearnet splits default fund
LCH.Clearnet splits default fund
High-profile cases display new emphasis on FCPA compliance
The contrast between the US authorities' treatment of corruption at Wal-Mart and Morgan Stanley imply that regulators are focussing on compliance procedures
People: Mianné and Valet ring the changes at SG CIB
New deputy chief risk officer - and new business line, to be headed by Sindzingre - at SG CIB; clearing musical chairs as Huszar leaves Morgan Stanley, Allen leaves BAML for Deutsche, and Page becomes latest to leave RBS; Langley and McGrath promoted at…
Structured Products Americas: SEC will turn up the heat on the market, says leading lawyer
The US SEC is highly sceptical of the structured products market and higher regulatory standards are on their way, says lawyer
Basel Committee proposes scrapping VAR
Review recommends switch to expected shortfall, postpones CVA charge overhaul, and retains split between banking and trading books
Fragmentation hindering Canada’s electricity market
Fragmentation hindering Canada’s electricity market
Argentina’s YPF move raises political risk fears
Argentina’s expropriation of Repsol’s stake in YPF and Brazil’s prosecution of Chevron highlight the risks facing foreign energy companies in Latin America. Alexander Osipovich reports
Trading positions – Energy Risk May 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Analysts still sceptical of Delta Air Lines refinery acquisition
This week, Delta Air Lines confirmed rumours that it was purchasing a refinery on the US east coast, a first-of-its-kind transaction. As details of the deal have emerged, some observers have warmed up to the idea that Delta can better manage its fuel…
Taiwan’s trade repository setting up reporting agreement with DTCC
Taiwan, home to Asia’s first trade repository, is looking to ink a reporting agreement with DTCC
Isda AGM: Gensler confident clearing location requirements will not be imposed
Regulators are unlikely to insist local currency trades be cleared domestically, says CFTC chair
Isda AGM: No need for Sef Clarification Act, says CFTC's Gensler
Dodd-Frank requires transparency for derivatives trading, CFTC chair says - and final Sef rules will reflect that
Isda AGM: CCPs invited to join determinations committees
Central counterparties have been invited to join the Isda credit determinations committees – but they will not have a vote
Isda AGM: CCPs fear clearing stampede
Market participants now have months, rather than years, until the Dodd-Frank clearing mandate takes effect - and CCPs are worrying about a last-minute rush
Isda AGM: Margin regime ups liquidity risk, buy-side firms warned
Collateral demands will be pro-cyclical - rising as markets become stressed - and will be generated by uncleared as well as cleared trades, DE Shaw treasurer tells Isda conference
Isda AGM: Euro crisis drives up collateral, finds survey
Trouble in the eurozone is increasing collateral in over-the-counter derivatives market, according to Isda