Securities and Exchange Commission (SEC)
Careless whispers have a cost
CFTC redefines insider trading for the swaps market
US fiduciary duty rules: a Labored delivery
Seismic changes rattle the market, but structured products could stand to gain
US fiduciary rules could clear path for structured products
Issuers could benefit from new Department of Labor regulation
Asset manager stress tests tough to implement – SEC official
Advanced risk measures such as CoVar may be too complex for some funds
BlackRock’s Novick calls for tiered ETF regulation
Vanilla and exotic products should be treated differently, BlackRock co-founder argues
OCC "pushing big time" for SEC-EU equivalence deal
Clearing house could lose up to 25% of its members without agreement
People: McDermott leaving UK regulator
Woods is new PRA chief; Deutsche hires Root and Hazlewood; Santander's Hassani promoted
SEC’s fund leverage cap needs revising but the idea is sound
Simplicity is welcome – up to a point
Buy side turning to stress tests to manage liquidity
Asset managers look beyond quantitative metrics for hard-to-model risk
Buy side targets leverage cap in SEC derivatives plans
AQR says its managed futures fund could suffer larger drawdowns under new rule
SEC leverage ratio meetings alarm broker-dealers
US Treasury spread trades could face 850-fold jump in capital requirements
SEC in wait-and-see mode on CDS clearing mandate
Industry sources that have met with the agency claim it has “no plan” for mandate
Daily fund liquidity needs rethinking, say asset managers
Buy-side firms sceptical about liquidity metrics, but see need for fundamental change
People: SEC rings changes; Source names finance chief
Other news: Leonteq appoints Japan head; Arnaud trades SG for BAML; Goldman’s Frankel retires
SEC rule hikes cost of trading US CDS for non-US firms
CDS trades between non-US counterparties will be captured under Dodd-Frank
Banks explore spin-offs for cleared swaps desks
Non-bank dealers would escape Basel III; private equity seen as likely owners
Swing pricing requires changes to '40 Act regime – asset managers
US mutual fund processes need upgrading for SEC proposals to be viable, say asset managers
Blunt SEC derivatives proposals too onerous for funds
Crossover between derivatives and liquidity rules threatens heavy burden for buy side
US may target ETFs for collateral add-ons
Credit risk in creation and redemption process singled out by Finra
Proprietary indexes: private products face public scrutiny
Post-UBS enforcement action, what next for custom indexes?
Asset managers urge SEC to adopt swing pricing
Rule change could help funds navigate illiquid markets, asset managers claim
UBS case shines light on proprietary index disclosures
US dealers’ custom index operations under heightened scrutiny following SEC enforcement action
Asset managers advance operational risk programmes
Independent asset management firms catching up with bank- and insurance-owned peers
SEC targets ‘switching’ of structured products
Frequent early redemptions used to boost broker commissions