News
Risk, AML fears hitting Arab correspondent banking
“De-risking” cited most often as key factor behind trend
German industry gears up to oppose CLN ban
German Derivatives Association argues ban is unlawful
MEPs' revolt threatens structured products reforms
Search for 'quick fix' under way before plenary vote on Priips regulation later this month
FRTB standard rules cause worries about duplication
Sensitivity-based approach means “we have to do everything twice”, complains one head of trading
HFT firm Teza said to be eyeing prop trading retreat
Big US Treasury trader has seen hedge fund add $1.5bn this year
CFTC relief caps day of swaps margin mayhem
Banks unable to face up to 50% of counterparties due to custodian bottlenecks
Non-cleared margin rules put spotlight on Blazer market hub
Trade and model mismatches will be key tests for vital margin call service
Coal derivatives trading surges amid hedge fund influx
Increased activity by funds fuels take-off in listed and OTC volumes, traders say
People: Barclays loses veteran OTC clearing head Kahn
Barclays loses Kahn, gains JP Morgan's Portney; NIBC hires new CRO; Nomura finds new EM head; and more
Buy-side forex trading curbed as margin rules take effect
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
Cargill sees growth in plastics hedging
Swaps unit of commodity trading giant describes increasing need for derivatives on resins prices
Risk managers wary of op risk securitisation
Sfr270 million transaction by Credit Suisse and Zurich thought unlikely to be copied due to SMA
UK resists expansive view of Mifid II position limits
FCA suggests limits shouldn’t apply to OTC trades between non-EU entities
SGX to charge negative interest to clearing members
Excess euro and yen cash deposits expected to generate 20–40bp charge
Cyber crooks covering their tracks, says UBS intelligence chief
Cyber criminals are increasingly turning into masters of disguise, OpRisk Asia conference hears
China FX forward rules set to boost renminbi options market
PBoC extends reserve requirements on onshore forwards to foreign banks
Indonesia looks to bring $10bn forex hedging market onshore
Central bank seeks ways to improve corporate risk management
Banks fear costs from loss of AAD under simpler FRTB rules
Trading book regime may force use of more expensive and time-consuming ways of computing risk sensitivities
BNP Paribas shakes up commodities business
Soulami shifts to green-energy role after 10 years as commodity derivatives chief
Bank size and tail losses skewing SMA calculation
Op risk researchers criticise logic of planned new capital method
Year-end deadline for fixing CCP recovery plans 'not realistic'
Some central counterparties are unable to maintain a continuous 'cover two' standard
China to create own version of forex code
New committee to write Chinese version of code for onshore banks
China leverage clampdown to hit two-tier structured products
Product issuers look to derivatives to boost returns, but options are limited
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings