Nomura
Leaked EU paper proposes flexible bank holdco rules
Document offers helping hand to US and Japanese banks, which must split out securities business
People moves: new Asia-Pacific chief for Goldman Sachs
Also: Reid Marsh moves at Barclays; Citi’s new Apac capital markets origination head; and others
Banks shelving alternative beta products at increasing pace
Data suggests overfitting partly to blame for mothballing of two in five strategies
People moves: Hassani leaves Santander for CapGemini
Citi makes several hires; new Americas head for Barclays; ADS Securities names new COO
People moves: Hsu swaps HSBC for StanChart
Also: Instinet hires Asia-Pacific CEO, China chief for Citi, IDFC Bank names new chief exec; and others
Insurers press case for new-look risk margin
Firms call for lower cost of capital and link to interest rates in key element of Solvency II
Council of EU holds firm to salvage STS securitisations
Market participants welcome reversion to 5% retention rate and lower penalties for breaches
Emir review could push securitisations into the dark
Subjecting deals to margin requirements would be a further blow to STS securitisation concept
People moves: EBS makes switches in electronic forex
Citadel hires SEC director as general counsel; MUFG’s new leveraged finance head; Nomura changes India chief; and more
Regulatory blitz weakening model risk management, say banks
Smaller banks’ modelling practices under growing scrutiny, but ability to comply is stretched
Solving the FRTB puzzle
Sponsored FRTB forum: IHS Markit
Identity crisis: venues still struggle with Mifid designations
Lack of clarity on multilateral and matched principal definitions leaves market participants guessing
Derivatives sales 2.0: banks explore big data
Pressured banks hope new tools and technical nous will give their sales teams an edge
Esma to referee AMF-FCA dispute over inducements
EU authority set to clarify whether buy side needs to pay for macro research in Mifid II
EC to miss Mifir equivalence deadline
Draft timetable would leave some jurisdictions inaccessible to European Union firms from January 2018
Three Japanese banks consider new CVA approach
Industry working group formed to discuss introducing accounting adjustment
People moves: Jain joins Cantor
FCA hires Foulger; new CRO for HSBC; Goldman's senior shake-up; equities chief for Credit Suisse
People: Ramambason joins StanChart as head of XVA
Head of financial markets leaves StanChart; SocGen management shuffle; Lake leaves HSBC
People: Barclays loses veteran OTC clearing head Kahn
Barclays loses Kahn, gains JP Morgan's Portney; NIBC hires new CRO; Nomura finds new EM head; and more
People: Credit Suisse’s Bhandari joins Nomura
Folloit joins Citi from BAML; Barnard departs RBS
Esma grasps at solution to Mifid data woes
UK to stay in data aggregation project despite Brexit
People: Citi appoints new Asia-Pacific commodities head
Stuart Smith to join Citi; Nomura loses Apac fixed-income exec; Alder named Iosco board chair; and others
People: Nomura names new group chief operating officer
Citi loses forex algo director; BNPP’s metals head relocates to Singapore; new appointment at Malaysia central bank
Hong Kong regulator in management shake-up, and other recent job news
Job changes in the derivatives, regulation and risk industry throughout Asia