Debt securities
SEC derivatives rule may lead to new products
Proposed VAR limit is expected to benefit risk parity and defined outcome strategies
Yield-hungry investors shirk bail-in bond buffet
Banks fear the buy-side’s appetite for MREL debt is on the wane
EU funds buy €89bn of overseas debt in Q3
Net purchases year-to-date almost three times total transactions in 2018
Nationwide and Lloyds win nod for Sonia bond switch
Covered bonds secure unanimous transition support, while first negative consent amendment passed
Metro Bank poised to miss MREL target
After a cancelled bond sale, UK lender is running out of time to raise bail-in capital
Issues of unsecured debt, CDs pick up steam at US G-Sibs
Senior unsecured debt amounts outstanding climb 31% on Q4 2014; CDs 45.5%
First-half trading revenues at US G-Sibs increase by a third year-on-year
Income from interest rate exposures more than tripled on H1 2018, while equity revenues increased 17%
Holdco issuances spur Barclays’ MREL progress
UK bank issues £7.1 billion of MREL debt in first half of 2019
US mid-sized banks pile into intra-financial system assets
Non-G-Sibs over $100 billion in size hold 85% more of other banks’ assets than in 2014
Asset-backed securities swell Wells Fargo's revenues
Non-agency RMBS sales power $125 million of net gains on debt securities
StanChart culls debt, switches model, and market RWAs drop
Structured product RWAs now calculated using internal model, saving $1.1 billion
US hedge accounting changes could spur small bank swaps boom
Banks eye opportunities to claim hedge accounting treatment for fixed-rate portfolios and callable debt
At the Structured Products Washington, DC, conference
Sponsored feature: Morrison & Foerster
People: Barclays ousts head of rates trading
Yarian leaves Barclays; FCA makes Bailey chief executive; Kelleher becomes Morgan Stanley president
Custody Risk European Awards 2014: Securities Services Provider of the Year
Sponsored feature: BNP Paribas Securities Services
Alternatives in an interest rate low: Custom investment solutions
Corporate statement: UniCredit
Don’t rush into regulating shadow banking sector, IIF warns
A new report from the IIF warns regulators to consider different approaches to shadow banking regulation
UBS Securities fined $8 million for inaccurate recording practices
UBS Securities has been fined $8 million by the SEC for inaccurately recording 'locates' information
Lookback
Lookback
Goldman Sachs names Entwistle as chairman of South-east Asia
Goldman Sachs has promoted Brooks Entwistle to head South-east Asia operations at the firm and named Sonjoy Chatterjee, who joined the US bank last year after 16 years at ICICI Bank, to replace Entwistle as its new India chairman
Iosco draws systemic risk roadmap for securities regulators
International Organisation of Securities Commissions sets out ways in which securities authorities can help control systemic risk
Charles Schwab companies pay $118 million to settle SEC charges, case against execs continues
Charles Schwab in $118m SEC settlement
Hong Kong structured product providers warm to ‘cooling off’ period
New SFC rules will also force dealers to offer secondary pricing