Regulation - Risk.net

Del Missier: "status quo won't work" for long-dated trades

Fri, 10 Feb 2012 17:43:35 GMT

Dealers will have to change the way they approach long-dated derivatives business, says Barclays Capital’s Jerry del Missier

Emir clearing rules agreed - but calls grow for delay to Esma deadlines

Thu, 09 Feb 2012 18:56:00 GMT

Risk.net

Delays in the adoption of Europe's new clearing rules have eaten into the time Esma has to meet its June 30 rule-writing deadline

Banks want derivatives collateral included in LCR

Thu, 09 Feb 2012 00:15:00 GMT

Risk.net

Received collateral is currently counted towards the liquidity reserve at some large banks, but should not be included in the LCR, say sceptics, who argue the assets can't be relied upon

Insurers must not be treated like banks in policies to tackle systemic risk – Geneva Association

Thu, 09 Feb 2012 00:09:00 GMT

Risk.net

Insurance industry helps to stabilise money flows and should not be weakened by regulatory initiatives to address crisis in financial industry, says think-tank

UK should veto financial transaction tax, say Risk.net readers

Thu, 09 Feb 2012 00:05:00 GMT

Risk.net

An overwhelming majority of Risk.net readers says David Cameron must protect the City and veto the FTT

US utilities face two crucial issues in 2012: Edison Electric Institute

Tue, 07 Feb 2012 16:17:01 GMT

Risk.net

On the same page? Preserving the ability of electric utilities to use OTC derivatives for hedging purposes and maintaining low tax rates on dividends are two of the most pressing issues facing utilities in 2012 and it’s important regulators and utilities are on the same page, writes Richard McMahon of the Edison Electric Institute

Energy markets face huge change under Mifid II

Tue, 07 Feb 2012 09:13:00 GMT

Risk.net

New ground rules Many exemptions that commodity firms took for granted under the old Mifid framework will no longer exist when Mifid II and Mifir come in to force. Ellen Davis reports

Remit guidance requires more specific definitions

Tue, 07 Feb 2012 08:56:00 GMT

Risk.net

Remit guidance requires more specific definitions Acer guidance on Remit needs to contain clearer definitions of market manipulation and insider trading, and could cause serious liquidity problems, say market experts. By Ellen Davis

Corporate backlash on costs of regulation continues

Tue, 07 Feb 2012 08:04:52 GMT

Risk.net

Banks will not be able to avoid passing on the hefty costs of regulatory reform to their buy-side clients, argued participants at the ACI UK’s annual square mile debate

Tri-party repo taskforce to disband without delivering key reform

Tue, 07 Feb 2012 00:05:00 GMT

Risk.net

The New York Fed's concerns about intra-day credit should be tackled by JP Morgan, BNY Mellon and DTCC, an industry taskforce concludes

European capital rules could squash CVA feedback loop

Mon, 06 Feb 2012 17:32:56 GMT

Risk.net

European capital rules could squash CVA feedback loop The European Parliament version of CRD IV exempts trades with non-financials from Basel III's CVA capital charge - and dealers are hoping it covers sovereigns as well as corporates

Basel 2.5: US ratings workaround criticised

Mon, 06 Feb 2012 17:18:00 GMT

Risk.net

Workaround woes US regulators published a proposal in December that would enable domestic banks to implement market risk capital rules without relying on credit ratings. But bankers claim the rules are overly conservative and put them at a competitive disadvantage. Do they have a point? Mark Pengelly investigates

Basel DVA proposals could subtract billions from bank capital

Mon, 06 Feb 2012 17:05:00 GMT

Risk.net

DVA doubts Accountants want banks to report as profits the impact of widening credit spreads on their liabilities, but regulators are moving in the other direction. The result could be painful deductions from capital, and two very different sets of incentives. Laurie Carver reports

Esma: questions grow as Emir deadline looms

Mon, 06 Feb 2012 17:03:00 GMT

Risk.net

Esma under pressure The European Union’s securities markets authority will have to tackle an alphabet soup of new regulations and directives this year – Emir, Mifid and Mifir among them – with a staff smaller than that of Iceland’s national regulator. Can it handle it – and does it have too big a role? Joe Rennison reports

Top CROs worry about Basel III consistency

Mon, 06 Feb 2012 00:05:00 GMT

Risk.net

A new research report published this month by Risk reveals that CROs at the world’s largest banks are worried about the consistency of Basel III rules

Former MF Global CRO Stockman a 'yes man', Congress charges

Fri, 03 Feb 2012 10:04:00 GMT

Risk.net

Stockman hired after Roseman dismissed for raising liquidity risk concerns, a congressional committee hears

FSA outlines draft guidance on liquidity swap transactions

Thu, 02 Feb 2012 13:06:00 GMT

Risk.net

Guidelines require notification of deals and improved risk management processes

Czech central bank concerned over Esma's power

Thu, 02 Feb 2012 00:05:00 GMT

Risk.net

National supervisors should be responsible for their domestic institutions, says Czech National Bank

Regulator Q&A: Amando Tetangco, governor of the Central Bank of the Philippines

Wed, 01 Feb 2012 14:59:00 GMT

Risk.net

The head of the Philippine central bank explains how Basel III has a “perverse” impact on countries with strong fiscal discipline and why the Sifi designation is less important than rigorous regulation

EC right to block Deutsche Börse-NYSE Euronext deal – Icap's Spencer

Wed, 01 Feb 2012 14:25:16 GMT

Risk.net

Allowing the German and US exchanges to merge would have created a monopoly in European futures markets, says Icap’s chief executive – who also criticises CME Group's dominance of US futures

Record fine for fraudulent CEO 'not enough', says expert

Wed, 01 Feb 2012 12:36:02 GMT

Risk.net

FSA fine for ex-JC FLowers chief executive 'does not show credible deterrence'

FSA guidance on liquidity swaps imminent following meeting with banks and insurers

Tue, 31 Jan 2012 17:07:31 GMT

Risk.net

FSA guidance on liquidity swaps imminent following meeting with banks and insurers Regulator expected to avoid hard rules, but consultation may have been detrimental to market, say bankers

Regulators smell a rat – Aaron Woolner column

Tue, 31 Jan 2012 16:53:00 GMT

Risk.net

Regulators smell a rat The law of unintended consequences is evident in the desire of some Asian banks to court Sifi status – despite the increased capital burdens imposed by authorities

Regulation - Risk.net

Del Missier: "status quo won't work" for long-dated trades

Emir clearing rules agreed - but calls grow for delay to Esma deadlines

Banks want derivatives collateral included in LCR

Insurers must not be treated like banks in policies to tackle systemic risk – Geneva Association

UK should veto financial transaction tax, say Risk.net readers

US utilities face two crucial issues in 2012: Edison Electric Institute

Energy markets face huge change under Mifid II

Remit guidance requires more specific definitions

Corporate backlash on costs of regulation continues

Tri-party repo taskforce to disband without delivering key reform

European capital rules could squash CVA feedback loop

Basel 2.5: US ratings workaround criticised

Basel DVA proposals could subtract billions from bank capital

Esma: questions grow as Emir deadline looms

Top CROs worry about Basel III consistency

Former MF Global CRO Stockman a 'yes man', Congress charges

FSA outlines draft guidance on liquidity swap transactions

Czech central bank concerned over Esma's power

Regulator Q&A: Amando Tetangco, governor of the Central Bank of the Philippines

EC right to block Deutsche Börse-NYSE Euronext deal – Icap's Spencer

Sponsored video briefing: Understanding Fatca

Sponsored video briefing: Understanding Fatca

Record fine for fraudulent CEO 'not enough', says expert

FSA guidance on liquidity swaps imminent following meeting with banks and insurers

Regulators smell a rat – Aaron Woolner column