London
Basel turns its attention to operational resilience
New working group will focus on business continuity in the age of cyber threats
Basel’s archaic op risk taxonomy gets a makeover
Industry moves to revise out-of-date categories that feature risks such as cheque fraud
The disputed terrain of model risk scoring
There is no concord on how banks should police their model risk. But two Fed economists have an idea
Strange steps down from NZX, and more
Latest job changes across the industry
SOFR, leverage and life after London
The week on Risk.net, July 14-20, 2018
Currencies flow market-maker & Streaming liquidity provider of the year: XTX Markets
Risk Awards 2018: Direct client trading booming at the firm, as volumes up 50% year-on-year
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
Quants stymied by lack of alternative risk premia flows data
Data shortage is hampering efforts to model futures market liquidity
Banks claim front-office content is safe from Mifid II
Work of ‘desk analysts’ is not research, banks argue; lawyers are not so sure
MTF bilateral trading protocol offers Mifid arbitrage
Nordic banks to use protocol to benefit from longer deferral period
EU market feels chill of still-unknown position limits
Eventual caps unlikely to hit trading, but fears remain over lack of clarity
Day of the Mifids: what happens on January 3?
Continued ambiguities in the rules could hit European market liquidity at the start of 2018
China exchange growth signals move east in commodities trading
Growth in onshore futures market marks change in derivatives landscape
Manage Asia derivative risk locally, says Bank of England
Offshore booking may result in weak regulatory oversight – UK regulator
Video views: SP Europe award winners favour hybrids, but stay cautious on regulation
Winners from the Structured Products Europe 2013 talk about the challenges of regulation and the increasing appetite for hybrid products
London rubber-stamps deal for offshore RMB
UK capital city secures its role as the number one venue to trade RMB outside of Hong Kong with a series of agreements in October between London and Beijing
Asia Risk Congress: Asian dealers switch to London venues following Sef introduction
Sef rules are leading to regulatory arbitrage according to Asia industry players
Energy Risk Awards dinners – Houston & London photo galleries
Simply the best
UK financial chiefs throw weight behind London’s RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking heads from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
UK distributors get defensive with volatility structures and multi-asset deposits
The UK structured products markets is still saturated with FTSE-linked deposits, though a few exotics are appearing on the menu
High-yield investor stampede met with new ETF offerings
The long-promised revival in Europe's high-yield bond market has sent ETF providers rushing to create fixed-income investments that fit the bill
Merchant Capital rapidly expands its distribution arm with the addition of seven staff
Merchant Capital expands its distribution arm with the addition of seven staff
BNP Paribas names Hawley as Asia fixed-income head as Foch takes global role
BNP Paribas is relocating its head of fixed income for the Americas, Bob Hawley, to Asia to take over from incumbent Henri Foch, who will move to London as global deputy head of fixed income in London
RBS to launch UK small-cap ETN and ETF
RBS will list a collateralised ETN based on small-cap indexes in Frankfurt and an uncollateralised version in London. An ETF on the same underlying is also planned