Derivatives
Europe house of the year: Societe Generale
Focus on credit pays dividends for French bank
HKEx waits for regulator to approve cross-currency swaps clearing
Race to be the first CCP to launch the clearing "killer app" continues
Dollar/yen basis blows out as leverage ratio bites US banks
Basis at its widest since European banks faced a global dollar funding squeeze in 2012
Tokyo Financial Exchange to enter margin utility business
Bourse becomes latest firm to offer services to meet uncleared margin rules
G-Siis: regulatory clash puts derivatives use in doubt
Insurers say IAIS proposals contradict risk-based capital rules
Goldman Sachs nabs BNPP’s Asia fixed-income structuring head, and other recent job news
Job changes in the derivatives, regulation and risk industry throughout Asia
ECB sparks bank tug-of-war over debt eligibility
Debt may only be eligible for either TLAC or central bank liquidity
US hedge fund OTC notionals grew by $1.2trn in 2013–14
Increase in notionals among US hedge funds bucks trend seen globally
Dealers criticise Basel’s 'nonsensical’ CVA impact study
Tight deadline and limited portfolio makes measurement difficult
Asia energy dealer of the year: Citi
Oil and LNG help Citi build Asia commodities business
Dealers fret over Basel CVA revisions
Punitive standardised approach may replace modelling
Growing pains – The boom in buy-side derivatives usage
Sponsored survey analysis: Calypso Technology
Traders see DVA adjustment as 'accounting fudge'
Dealers at London event remain unconvinced by controversial funding adjustment
Collateral option valuation made easy
Vladimir Sankovich and Qinghua Zhu develop a method to value cheapest-to-deliver option embedded in CSAs
The Clearing House takes aim at CCP risk governance
Banks call for audit trails and beefed-up role for risk committees
Regulatory and supervisory deference in the context of Australia’s over-the-counter derivative trade reporting and derivative trade repositories regimes
This paper provides an Australian regulatory perspective on the over-the-counter landscape and shows how regulatory deference can play a facilitating role in the cross-border context.
SGX mothballs US dollar swap clearing
Insufficient demand causes service to cease – however exchange says it may reintroduce it later
Citi ousts Asia head of clearing, and other recent job news
Job changes in the derivatives, regulation and risk industry throughout Asia
Increased legal entity identifier issuance improves reporting
Growing LEI issuance has improved reporting, but what comes next?
Deutsches Risk Rankings 2015
Commerzbank tops Deutsches Risk rankings for second year in a row
Q&A: Visco of Bank of Italy on bank reforms and supervision
Splitting off prop trading would ‘complement’ EU resolution regime
Taiwan fines BNPP and Deutsche for unlicensed derivatives sales
Six months earlier Barclays was given 12-month ban for same offence
US propane retailer hedges to offer customers stable prices
Michigan's Crystal Flash struggles with basis risk and volatile weather
Counterparty concerns slow family office derivatives use
HNWs got burnt in the Lehman crisis and are still cautious over exposures