Bank of America
Goldman discloses ‘speed bumps’ for forex clients
Past behaviour may subject clients to a 200-millisecond hold period, as US bank tries to avoid losses
People news: SocGen promotes Garnier to head sales
Plus: Citi's Chen joins Deutsche; Mizuho hires corporate derivatives head; and more
BAML and Morgan Stanley swaps drop $186bn on VM change
At least seven banks now using settled-to-market treatment for variation margin
CCPs and banks at odds over custodian losses
Market participants do not see eye-to-eye on loss sharing in the event of custody bank failure
Complex short Vix products draw fire as vol plumbs lows
Hedging effects mean popular exchange-traded products vulnerable to big losses if volatility spikes
Fear of CTA sell-offs could trigger wider stampede
Trend followers could not roil markets alone, but anxiety about them might, say BAML analysts
Time to talk about settlement risk
Quants are proposing netting or the use of CLS Bank to remove Herstatt risk in margined trades
The risk-parity fire sale that didn’t happen
Have fears of a co-ordinated sell-off by risk-parity funds been proven wrong?
Equity derivatives house of the year: Bank of America Merrill Lynch
Risk Awards 2017: Innovation helped bank get closer to originate-to-distribute model
Fintech start-up of the year: Beacon
Risk Awards 2017: Ex-bankers bring top dealer risk tech to the masses
People moves: Citi axes second Asia-Pac clearing head in 18 months
Deutsche loses Asia head of global markets; StanChart hires HK chief; new Singapore head for Credit Suisse; and others
Relative values: JPM’s $260m China interns fine tops November losses
Megan van Ooyen from SAS rounds up the top five op risk losses for November
Structured note issuers warned on faulty disclosures
Fines for BAML and UBS highlight importance of accurate cost disclosures
Indecent exposure: Fed limits threaten swaps liquidity
Unworkable due diligence rules may prompt G-Sibs to cut single counterparty exposures below 5%
The growing pull of public cloud for banks and regulators
Adoption by the FCA for Mifid II data reporting indicates public cloud satisfies regulatory, security and reliability requirements
People: Top quant Lipton leaves Bank of America after 10 years
Return to academia for derivatives pricing expert
Barclays taps blockchain for equity swaps, options, swaptions
Regulatory capital savings offered by instant settlement of smart contracts on distributed ledgers
Fears leveraged ETFs could amplify Japan equity swings
Huge inflows giving ETF sector outsized impact on cash markets
Nasdaq grows energy sales team with ex-Goldman hire
Other commodities moves at Barclays, Scotiabank, Koch, Noble Group and Castleton
Deutsches Risk Rankings 2015
Commerzbank tops Deutsches Risk rankings for second year in a row
CME forex fix questioned in new lawsuit
Possible listed forex futures and options manipulation brought to NY court
Banks and clients rebuild relationships post-SNB move
Pricing difficulties since SNB currency floor removal cause friction
Former enforcement chief takes top job at Ferc
Other commodities moves at BAML, Freepoint, StanChart and Wells Fargo
People: OCC rings the changes amid revamp
Two senior execs and two independent directors join equities clearing giant