Risk magazine/News
Banks bemoan data gap in Mifid II systematic internaliser test
Required EU trading data non-existent, dealers complain
CME guaranty fund cut could lure new clearing members
Regional banks and prop shops eye direct membership, but FCMs see few benefits
Banks split on accounting for KVA – Risk survey
Accounting standard is coming, say some - others see no KVA requirement
KVA losses would outweigh FVA – Risk survey
Respondents reveal huge gulf in pricing for generic swap
BoJ and JFSA officials seek bank capital clarity
BoJ’s Nakaso suggests moratorium after current rule-book changes are complete
Brokers defy BlackRock over average pricing on Sefs
"We're lions, not zebras," says Icap's Paulhac
Corporates use XVA caps to limit unwind charges
Veolia caps CVA and FVA unwind costs in trades with 10 banks
Clearing brokers send balance sheet allocations to Basel
Data from several clearers submitted to illustrate impact on bank leverage ratios
Pension funds in limbo as EC leaves Emir exemption gap
Funds could be subject to CVA charge for period of weeks or months
Sovereign wealth fund interns cost BNY Mellon nearly $15m
Custodians should retrain HR in foreign bribery rules as SEC threatens further action
Global regulators consult on codes for OTC derivatives deals
CPMI and Iosco unveil proposals for unique transaction identifiers
Corporates fear end to Emir's hedge exemption
Counting all trades towards clearing threshold ‘would be a nightmare’
US custodians face G-Sib capital hit
Banks warn treatment of deposits could raise custody fees
Markit unveils new CDX index rules
Up to 10 new names from under-represented sectors could be added to high-yield CDX index
BoJ’s Nakaso: ‘No serious problems’ with JGB liquidity
New data shows drop in market depth, but QE is not threatened, says deputy governor
Banks attack proposed risk weights for specialised loans
EU lenders say both EBA proposals would distort capital requirements
EBA proposes trade-by-trade CVA test for non-EU corporates
Banks would have to check whether exemption applies each time they trade
Esma urges EC to bin frontloading
Benefits of retroactive clearing are "undermined" by its drawbacks, Esma finds
Ice credit swap futures off to a slow start
Credit investors see "no need" for contract; Ice hopes other players will see appeal
CCP basis driving CME clients to LCH, traders say
LCH sees doubling in client notional, while CME notional halves
Intra-group margin will ‘stifle’ internal hedging, banks warn
Additional costs for end-users if no exemption granted
Deutsche Bank hires, and loses, in sales
The latest people moves
Bank war on deposits to continue despite US G-Sib relief
Excess cash still too expensive to hold, say dealers
Dealers fear mix-and-match margining for cross-border swaps
National conflicts in margin rules can only be fixed via mutual recognition