Derivatives
LPI swaps with a smile
LPI swaps with a smile
EU financial transaction tax may drive Asian banks away from European business
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Financial transaction tax will harm Europe’s banks in Asian derivatives markets
The draft form of the EU's proposed financial transactions tax is 'unworkable' for European firms operating in Asia
Special report: Asean
Special report: Asean
Bilateral CVA of optional early termination clauses
Bilateral CVA of optional early termination clauses
Variable annuity products must avoid the derivatives witch hunt
Variable annuity products must avoid the derivatives witch hunt
Libor/OIS spread challenges insurers' risk management programmes
Spread carefully
Insurers 'should be exempt from initial margining requirements' on ALM hedges
No economic need for initial margin on non-centrally cleared derivatives, argues Insurance Europe
Breaking break clauses
Breaking break clauses
Solving systemic risk in harmony
Regulators face an uphill task fixing the plumbing of global financial regulation, but an organisation waits in the wings ready to be tasked with the job of marrying up the connections
Zombie firms are first Dodd-Frank major swap participants
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
Thailand insurers shun interest rate derivatives for RBC liability hedging
Derivatives and structured products remain unpopular with Thai insurers looking to hedge their liabilities following the introduction of a risk-based capital framework
DVA for assets
DVA for assets
Robust hedging of withdrawal guarantees
Robust hedging of withdrawal guarantees
Wrong-way risk, credit and funding
Wrong-way risk, credit and funding
Risk & Energy Risk commodity rankings 2013: Metals
Losing bearings
Risk & Energy Risk commodity rankings 2013: Energy
Kinetic energy
US tax proposal targets derivatives' 'phantom income'
A tax proposal from the US House of Representatives would raise taxes for individual investors on their derivatives holdings
Proposed derivative restrictions for Singapore insurers to have a limited impact
New MAS proposals to unify investment guidelines for all insurers, and in doing so limit derivatives usage, will not affect existing investment policies for insurance firms
Rational shapes of local volatility
Rational shapes of local volatility
DVA for assets
DVA for assets
EU Parliament poised to reject two Esma technical standards on OTC derivatives
Parliament is unhappy with the treatment of corporate end-users, and could require Esma to redraft standards
Moves to liberalise domestic derivatives in China
The derivatives door opens