Legal risk
Dexia faces fraud charges over ‘hidden costs’ in swaps deal
Italian fraud trial could spell trouble for other banks providing municipal swaps contracts
Swiss rate reform in race against the clock
Time constraints and valuation headaches complicate swaps market transition from Tois to Saron
Swaps play hidden role in UK banks’ ring-fencing plans
UK dealers avoid mass transfers of derivatives
Isda Amend faces rival in CSA repapering effort
AcadiaSoft to launch new tool in January, but protocol approach attracts wider criticism
Swap 4175: how a hedged loan became a €600m dispute
City of Linz v Bawag case underlines risks in municipal derivatives
Position vacant: unpicking energy’s hidden contract risks
Complex, long-term supply deals present job opportunity for risk managers
AIG hit by $230 million settlement over MedPartners
Megan van Ooyen from SAS rounds up the top five op risk losses for August
Dealers grapple with netting valuation adjustments
Some banks are expressing netting uncertainty as a fair value adjustment to CVA
Banks take flexible approach to pricing netting risks
Dealers are adjusting CVA prices, depending on their view of the legal netting opinion
Netting risks create pricing and operational headaches
Oversight of legal risks is not always robust
Careless whispers have a cost
CFTC redefines insider trading for the swaps market
After Milan: how Italian law treats muni swaps
Dealers in Italy run risk of “unpredictable legal conflicts”, warn lawyers at Norton Rose
Time running out for ‘Herculean’ UK bank ring-fencing task
Final rules needed by early 2016, say banks, or implementation deadline could be missed
Italian swaps scrap grips Europe
Dexia Crediop wins right to appeal against Italian city of Prato over €6.5 million swap claim
Bank of Italy chief sees legal risk in senior bonds bail-in
Banks should inform savers about senior bonds’ place in resolution hierarchy
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
Tormar Associates countersues Citi in FX claim
US-based family office submits detailed legal response
Dealing with stressed contracts in the energy sector
Energy firms have plenty of options for dealing with contracts facing strain
RBS warns of rise in misconduct costs in 2015
Bank expects biggest hit from RMBS investigations
Banks struggle with tough rules on beneficial ownership
New systems and processes necessary to prevent illicit money flows
Proposed UK fraud law takes aim at companies
Firms could be prosecuted for failing to prevent economic crime
BAML to clear US dollars for BNP commodity finance unit
Deal comes as French bank faces one-year US dollar clearing ban
Knowing your territory is vital for energy firms
Poor local knowledge can lead to persecution at home and abroad