Risk magazine/News
People: Deutsche adds new financial institutions co-head
Celeste Guth joins Deutsche as co-head of the financial institutions group; UBS shakes up US rates; Wetjen heads to DTCC
Confusion reigns over Mifid transparency in forex
Banks could still be forced to disclose quotes under Mifir despite Mifid reprieve
Chicago Fed official calls out CFTC, SEC over HFT regulation
“You cannot have 80% of the market being just HFT,” says Ranjan
Fed’s Dudley: liquidity warnings a ploy to weaken regulation
“Most arbitrage trading has simply ceased,” Goldman exec counters
Chinese corporate hedging costs soar after PBoC forex clampdown
New rule leads to 400bp price hikes as companies hedge renminbi fall
Mifid II delegated acts shelved until November – FCA
FCA official says 14 elements of Mifid II will be held up; research row blamed
UK banks won't face FRTB capital hike – BoE official
Policy expert says most trading risks already captured under Pillar 2 framework
Client list reveals HFT dominance on BrokerTec
Barclays and JP Morgan only banks on list of top interdealer firms for US Treasuries
Esma ‘determined’ to finalise Mifid II rules in September
Market has been expecting delay; timeline will hinge on board meeting this week
Illiquidity means some hedges are no longer possible – GE
End-users unable to execute certain trades as dealers retreat, claims swaps counsel
CCP stress tests could help buy side pick winners
BlackRock exec calls for standardised test before European clearing starts
O'Malia: US margin splits ‘very difficult’ for OTC market
Isda CEO criticises clashing rules on bilateral margin
Banks shun internal models in CVA impact study
Accounting exposures win out as banks seek to align capital with front-office practice
Banks reject NMD maturity limits in interest rate risk rules
Consultation respondents warn of reduced lending and higher systemic risk
Industry expecting Mifid II delay
September 24 deadline likely to be missed, banks and lobbyists fear
Bowen defends CFTC inclusion of non-US trades
Commissioner says agency will police risk “wherever it occurs”
JP Morgan exec challenges CCPs over skin in the game
"Why wouldn't you put up... all of your capital?" asks Olsen
TruMid takes early lead in credit dark pool race
Nearly $2.5 billion of corporate bond trades have been executed on dark pools since May
Citadel shut out of Tradeweb as it makes US Treasury move
Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb
Banks hope for Mifid reprieve on fixed-income research
Intervention by France, Germany, UK could bring about “more considerate treatment”
Bank of Italy chief sees legal risk in senior bonds bail-in
Banks should inform savers about senior bonds’ place in resolution hierarchy
G-Sibs fret as Fed mulls including surcharges in CCAR
Surcharges are excluded from CCAR in 2016 but could be factored in from 2017
People: Deutsche Bank loses two senior fixed-income traders
Zar Amrolia leaves Deutsche for XTX Trading, while Michelle Neal goes to BNY Mellon; Brevan Howard hires former RBS traders; HSBC appoints new head of forex options
Mifid II price tiering guidance unlikely, say dealers
Banks warn vague rules "like the Rorschach test" and need clarification