Norton Rose
Brexit: banks take the ‘no’ out of novations
Swaps clauses stop end-users blocking counterparty switch, making it easier to move trades to EU affiliates
Banks claim front-office content is safe from Mifid II
Work of ‘desk analysts’ is not research, banks argue; lawyers are not so sure
EU market feels chill of still-unknown position limits
Eventual caps unlikely to hit trading, but fears remain over lack of clarity
Emir review could push securitisations into the dark
Subjecting deals to margin requirements would be a further blow to STS securitisation concept
Identity crisis: venues still struggle with Mifid designations
Lack of clarity on multilateral and matched principal definitions leaves market participants guessing
Late adopters: why buy-siders are sticking to RFQ
Asset managers have been slow to embrace alternative trading protocols in fixed income
After Milan: how Italian law treats muni swaps
Dealers in Italy run risk of “unpredictable legal conflicts”, warn lawyers at Norton Rose
Asic trade reporting rules seek convergence with international standards
Australian trade reporting rules to be in force by October
Lawyers question Eiopa’s powers to soft-launch Solvency II
Authority promises guidelines on early implementation of risk governance and Orsa rules, but some doubt remains
New own funds specifications add capital restrictions
New technical specifications on Solvency II’s capital requirements make some significant changes to the way insurers calculate their own funds, but they also leave some unanswered questions. Louie Woodall reports
Energy Risk Europe: Indexes won’t be included in MAD, say panellists
Energy indexes may not be included in EU market abuse rules, but remain likely to be hit by further scrutiny
US insurers review FSA restrictions on life settlements
Insurers 'keen to close down market' in controversial investments
Australia waiting for international consensus on central clearing
Australia's latest consultation paper outlines only "incremental steps" to central clearing
Local regulators grapple with Solvency II implementation
Local solutions
Market volatility ‘biggest concern’ for financial firms, finds survey
Regulatory risk and political meddling also big concerns, says Norton Rose research
Liquidity swaps face uncertain future as FSA consults on risk management
Liquidity swaps face uncertain future as FSA consults on risk management
Vickers report suggests capital increase for large UK institutions
Independent Commission on Banking recommends 10% core tier-one capital. Possible reduction with living will
Building the future energy markets in emerging Asia
Energising the future
Long road for standardised Islamic derivatives documentation
A bespoke route
Australian power market attracts raft of new investors
New kid on the bloc