Derivatives
Basel tries to create clearing pull with new capital rules
Dealers say rules for default fund exposures are an improvement, but risk weights are not tied to "real default probabilities"
Banks round on LCR approach to derivatives collateral flows
The Basel Committee decided earlier this year to include collateral outflows arising from changes in derivatives values in bank liquidity requirements. Their suggested approach, however, has worried some in the industry. By Michael Watt
Asian insurers slow to embrace central clearing
New clearing rules are not on the agenda of most insurers in Asia, but as derivatives use increases they could become more relevant. Blake Evans-Pritchard reports
Time to come clean on credit support annexes
Sponsored feature: Royal Bank of Scotland
Bafin weighing CVA charge despite European exemptions
Supervisors ‘should accept the legislation that the council and the parliament in their wisdom have decided upon’, warns MEP
Quant Congress Europe: No consensus on FVA accounting
Industry undecided on whether own cost of funds or an industry average funding spread should be used
IASB eases fears over hedge accounting for CCP novations
Standard-setter decides trades can still qualify for hedge accounting when voluntarily novated to a CCP, but experts warn wider stance on novation could cause trouble
US expected to take third way on CVA charge
Federal Reserve will not mirror European exemptions but could instead modify treatment of CVA and market risk hedges, industry sources say
LPI swaps with a smile
LPI swaps with a smile
EU financial transaction tax may drive Asian banks away from European business
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Financial transaction tax will harm Europe’s banks in Asian derivatives markets
The draft form of the EU's proposed financial transactions tax is 'unworkable' for European firms operating in Asia
Special report: Asean
Special report: Asean
Bilateral CVA of optional early termination clauses
Bilateral CVA of optional early termination clauses
Variable annuity products must avoid the derivatives witch hunt
Variable annuity products must avoid the derivatives witch hunt
Libor/OIS spread challenges insurers' risk management programmes
Spread carefully
Insurers 'should be exempt from initial margining requirements' on ALM hedges
No economic need for initial margin on non-centrally cleared derivatives, argues Insurance Europe
Breaking break clauses
Breaking break clauses
Solving systemic risk in harmony
Regulators face an uphill task fixing the plumbing of global financial regulation, but an organisation waits in the wings ready to be tasked with the job of marrying up the connections
Zombie firms are first Dodd-Frank major swap participants
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
Thailand insurers shun interest rate derivatives for RBC liability hedging
Derivatives and structured products remain unpopular with Thai insurers looking to hedge their liabilities following the introduction of a risk-based capital framework
DVA for assets
DVA for assets
Robust hedging of withdrawal guarantees
Robust hedging of withdrawal guarantees