Germany
Allianz reduces interest rate risk following model change
Solvency II ratio sensitivity to -50bps interest rate shock falls from -11% to -7%
Equity hedges protect Munich Re from vol spike
Net derivative liabilities fall 95% year-on-year
Deutsche Bank takes axe to leverage exposure
Target of 4.5% leverage ratio yet to be met
European legislators to exempt CCPs from new bank rules
Support in Council and Parliament suggests leverage ratio, NSFR exemptions will be in final text
EU shuts door on foreign electronic access providers
US FCMs could be barred from providing direct electronic access as member states bow to Esma
Only 1% of bonds caught in first wave of Mifid transparency
Trax estimates 5% of corporate bonds will be subject to full transparency after four-year phase-in
Ferber: Mifid should be reviewed with Brexit in mind
European Union legislator takes aim at CCP open-access provision in further threat to UK clearing
EU-US swaps trading equivalence tipped for November
Hong Kong and Singapore unlikely to be deemed equivalent for start of Mifid II
Day of the Mifids: what happens on January 3?
Continued ambiguities in the rules could hit European market liquidity at the start of 2018
New EU bank rules threaten Eurex, LCH investment policies
CCPs with EU bank licences currently run leverage ratios of less than half the minimum
EU regulators stymied by Esma on electronic access
Treatment for third-country firms unknown until European Commission makes equivalence decision
Insurers press case for new-look risk margin
Firms call for lower cost of capital and link to interest rates in key element of Solvency II
German industry gears up to oppose CLN ban
German Derivatives Association argues ban is unlawful
Best in Germany: UBS
Solvency II optimisation strategy delivers capital savings for insurers
Liquidity biggest worry for RWE Supply & Trading CRO
Regulation could "kill the markets by trying to make them safer", frets Uwe Schulz
Bank of Italy chief sees legal risk in senior bonds bail-in
Banks should inform savers about senior bonds’ place in resolution hierarchy
Deutsches Risk survey 2015: German firms adopt wait-and-see on clearing
No scramble for OTC derivatives alternatives among survey respondents despite fears mooted carve-outs from regulation may disappear
Securitisation turnaround is causing confusion
Regulation has failed to keep up with a change of heart from policy-makers
Concentration lapse: Bundesbank warns on policy surrenders
Low rates have dominated thinking, but lapse risk a growing threat for insurers
Talanx Q&A: ‘We won’t be the last’ to exit traditional guarantees
Old-style products no longer suitable for any market, says board member
Intervention isn't needed to secure flexibility in power
Capacity mechanisms are not the right answer to renewables, says EEX’s Köhler
Price determinants in the German intraday market for electricity: an empirical analysis
This paper looks at hourly electricity prices, specifically in the German intraday market and is one of the first German studies to develop significant intraday estimates of the driving factors, as distinct from day-ahead modeling.
New CEO Mausbeck oversees shake-up at Danske Commodities
Danish trading house chief sees opportunities in renewable energy marketing
Deutsche Börse to set up Europe's first multi-asset RMB platform
German exchange group signs joint venture deal with CFFEX and Shanghai Stock Exchange