Risk magazine
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week
Quant Congress USA: Market efficiency is testable, claims Jarrow
Top quant claims traditional pricing models assume markets to be efficient – and says he can prove they're not
Quant Congress USA: BMW options "a recipe for disaster", says Dupire
Naive treatment of interaction between skew and correlation means writers of best-middle-worst options will face huge hedging losses, says top quant
Big bank CDS moves blamed on Italy, rather than stress tests
Eight banks fail EBA stress tests – but big CDS spread moves for European banks are seen as Italy-related
New Isda equity definitions to 'stand the test of time', lawyers claim
Participants say long, difficult talks will set stage for standardisation and central clearing
ECB 'sidelined' in sovereign crisis debate, says analyst
Eurogroup lays out plans to provide bail-out fund with greater flexibility to address sovereign risks; analyst says message sends signal European Central Bank is being “sidelined” in discussion
RWAs too easily manipulated, finds Risk.net poll
Sixty-nine per cent of respondents urge regulatory action on risk-weighted assets
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
EBA will open bank books, Enria pledges
New regulatory authority needs to provide transparency, rein in Sifis, to be a success, says EBA chair Enria
Italian CDS spreads endure wild ride
Morgan Stanley strategist urges decisive policy response
ECB and World Bank call for exemptions from US derivatives rules
World Bank believes imposition of national regulations on multilateral development institutions is unprecedented intrusion on the internal operations of international organisations
Collateral transformation needs to be carefully planned by clearing members, says Isda’s O’Connor
In an exclusive video interview, Isda chairman Stephen O’Connor says there is a finite capacity for clearing members to provide collateral transformation services to their clients
VIDEO: Custody Risk discusses the alternative funds industry in Luxembourg with ALFI
Melanie White speaks to Charles Muller, deputy director general for the Association of the Luxembourg Fund Industry (Alfi).
Icap names new chief operating officer
Mark Price to join interdealer broker in October 2011 with responsibility for risk and compliance
Further liquidity fragmentation in foreign exchange predicted
Market-damaging behaviour should be controlled, but separation or elimination of high-frequency trading would be damaging to the market’s equilibrium, ClientKnowledge argues in research published today
BoE’s Haldane highlights increasing risks from high-frequency trading
Bank of England executive director of financial stability Andrew Haldane outlines policy measures to reduce systemic threat posed by high-frequency trading
Basel and Dodd-Frank create arbitrage potential, say analysts
Removal of credit ratings under Dodd-Frank will create arbitrage opportunities – and is already being exploited by some US banks, research claims
Grensted parts company with LCH.Clearnet
The clearer's head of business development - and one of SwapClear's architects - left the firm today
LGIM names new head of global rates
Nick Griffiths to join Legal & General Investment Management in September
Pricing, Basel, Paulson & Co: the top stories of 2011 so far
A review of the top Risk.net stories during the first half of 2011
Daiwa Capital Markets appoints new head of secured financing
Christopher Owen joins investment banking arm of Daiwa Securities Group
Regulators may not have authority to delay Dodd-Frank, warn lawyers
Some lawyers claim the CFTC and SEC may not have power to delay enforcement of the Dodd-Frank Act – a grey area that could lead to disputes
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but strips out explicit calls for an exemption
GSAM chairman condemns "regulatory nonsense"
Efforts by Western regulators to monitor financial institutions are nonsensical and overambitious according to Jim O'Neill. He said emerging markets are the future of global economic growth.