News
People: Giancarlo makes new appointments at the CFTC
Recent changes at the CFTC, Ferc, Shell, LME, TriOptima, Blank Rome, Ice Clear Europe, Goldman and the DTCC
Three Japanese banks consider new CVA approach
Industry working group formed to discuss introducing accounting adjustment
Swiss rate reform set to trigger swap value change
Tois discounting rate set to be replaced in 2018 by Saron, which is 20bp lower
HSBC shakes up risk analytics team
Internal memo attributes changes to increased demand for analytics
Emir reporting updates put energy firms on alert
New reporting regime marks start of increased scrutiny for big players
Nodal plans power, gas options
Contracts to launch in 2017, while sceptics question ability of a new exchange to compete with incumbents
FRTB: Basel guidance on backtesting frustrates dealers
Dealers blast “illogical” carve-outs for backtesting exceptions
Securities lending by asset managers facing scrutiny
FSB concerns about regulatory arbitrage might prove tricky for the likes of BlackRock
February seen as crunch time for the EU ETS
Carbon price could soar by 2020, but traders bearish short-term as EU votes on final package
Banks voice fresh concerns over CCP non-default losses
Dealers could face cash calls to recapitalise an ailing CCP that suffers a critical non-default loss under FSB proposals
Philippines will allow proxies as IFRS 9 stopgap measure
Central bank to issue guidelines to help address the shortage of data for compliance
People moves: Credit Suisse’s Dainton departs
UniCredit promotions; Hazlewood leaves Deutsche; Goldman's CIO; senior forex hire at SG
Basel III has aided system stability, interbank models suggest
Model predicts future crashes will not be total wipeout
National authorities rebel against BRRD state aid limits
EU single resolution board will “never have any work to do”, lawyers predict
EU will stick to March 1 variation margin deadline
US regulators also unlikely to delay as a result, say dealers
Eurex tees up OTC forex clearing with CLS
Net settlement at CLS could slash liquidity risks for CCPs clearing OTC forex contracts
EBA's Enria seeks to plug the holes in EU bail-in rules
Struggling but solvent banks could delay the hit from NPLs under the plan
EC could use thresholds to squeeze London euro clearing
Most euro clearing could be repatriated after Brexit without hitting other jurisdictions
Energy firms seek Mifid II data solution amid deadline fears
Lack of reliable market share estimates for crucial Mifid II test spurs action from industry
Invest on the edges to avoid contagion, research suggests
Loosely connected assets are better protected against market crashes
Australian VM relief undermined by backloading rule
Trades entered during six-month transition period will need margin from September 1
LCH platform to provide risk calculations for margin hub
SwapAgent agrees to send standardised sensitivities for bilateral trades to AcadiaSoft for IM calls
Mifid equivalence delay threatens Hong Kong dual-listed stocks
HSBC, Stan Chart and Prudential shares could face trading disruption in 2018
Buy-side firms seek ‘urgent’ VM relief
Two-thirds of firms have not signed any CSAs that comply with the new rules