Articles by Louie Woodall
Banks remodel issuance structures to combat TLAC
New subsidiaries set to dodge structured note issuance limitations
Mortgage investors grapple with negative swap spreads
Collapse of US swap rate creates problems for valuation models
New US tax rules could hamper ETN market, dealers warn
IRS’s forthcoming Section 871(m) rules could inadvertently capture legacy ETNs
SEC lawyer: corporate negligence charge a game-changer
UBS V10 case highlights ability to levy charge on firm rather than individuals
Structured products liquidity under threat from EU reforms
New regulation could shut down secondary markets in outstanding products
NSFR to hike hedging costs for end-users, industry warns
Costs could increase by 10–15%, House Agriculture Committee hears
Priips performance scenario rules under fire
New rules needlessly confusing, say distributors
US fiduciary rules could clear path for structured products
Issuers could benefit from new Department of Labor regulation
BlackRock’s Novick calls for tiered ETF regulation
Vanilla and exotic products should be treated differently, BlackRock co-founder argues
People moves: Bhandari departs Credit Suisse
Citi's Boyle exits as bank poaches GS vets; Drouet replaces Fields at SG
Insurance regulators blamed for Priips delay
Dealers welcome late changes to product risk rating parameters
Totally skewed: US annuity hedges magnify S&P volatility
Dealer hedging of popular retirement products affecting index greeks, say traders
Structured product hedgers shun Eurex quanto futures
Maturities too short to hedge autocallable books, say dealers
Priips rules set for delay, watchdog confirms
Technical standards to be delayed by at least a week, prompting implementation fears
US derivatives users cheer hedge accounting rejig
Rule change ends years of uncertainty and piecemeal reform
European dealers wrestle with corporate CVA changes
Banks say prices already diverging; CDS market could be impacted
Op risk managers must be ‘change agents’, says Fed official
Fed's Gwendolyn Collins calls on op risk managers to be pioneers, not policemen
Some European banks pricing in Pillar 2 CVA charge
But three dealers say it is too early to know whether corporate CVA exemption will be removed
US issuers push for structured notes TLAC carve-out
US banks lobby Fed to reconsider eligibility of principal-protected notes
Benchmark providers eye banks’ prop index disposals
Stricter oversight could see index houses gobble up dealers’ in-house indexing units
Dealers turn to structured products for LCR relief
Liquidity options for tackling Basel-mandated LCR come of age
Accounting change threatens structured note DVA hedges
Move could force unwinds, but an IFRS exemption may prove a saviour
Hungary central bank action ‘distorting’ swaps curve
Flooding market with cheap swaps knocks 14% off bid rate
People: SEC rings changes; Source names finance chief
Other news: Leonteq appoints Japan head; Arnaud trades SG for BAML; Goldman’s Frankel retires