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  1. Softer NSFR may not save repo, banks warn

    The problem for repos was that a draft version of the NSFR, published in January, applied an asymmetrical treatment to "non-bank financial institutions" such as money market funds, hedge funds and asset managers, which are big users of the market.

  2. Buy side attacks Isda early termination protocol

    The MFA and five other trade associations representing US asset managers, insurers and commodity traders outlined their complaints to the Financial Stability Board (FSB) in a letter dated November 4. The letter criticised the FSB's decision to...

  3. Beneficial ownership of assets under scrutiny in divorce

    The parties to financial proceedings on divorce are under a strict duty to provide full and frank disclosure of their financial circumstances. The court requires a complete picture of the parties' financial landscape in order to do justice between...

  4. Looking back: El Niño boosts weather derivatives

    The appearance this year of the El Niño weather pattern, the periodic warming of the tropical Pacific Ocean by a few degrees, is leading to a burst of interest in weather derivatives – financial contracts designed to protect company profits from...

  5. FSB delays designation of systemic reinsurers

    The Financial Stability Board (FSB) has postponed the designation of global systemically important reinsurers, with regulators suggesting that worries about the assessment methodology may have stayed its hand.

  6. "Europeans are the problem" in CCP oversight standoff

    And as we know, in the financial industry, compensation is a pretty good way to motivate behaviours," said Davie. The European Commission’s (EC) refusal to recognise rules for US central counterparties (CCPs) as equivalent to those in the EU is...

  7. Sef execution of package trades to be postponed

    He did admit, however, that he is concerned about the departure of several large financial institutions from the clearing business over the past year – including the Royal Bank of Scotland and Bank of New York Mellon.

  8. Dealers fret over NSFR impact on equities

    The groups also requested more lenient treatment of exchange-traded equities – which attract an RSF of 50% if not issued by a financial institution – as well as matching ASF and RSF factors for linked transactions, such as equities held as a hedge...

  9. Insurers must prove bank-style run risk worries wrong

    Similar concerns have been raised also about the perspective being taken by the Financial Stability Board and International Association of Insurance Supervisors in their work to develop global insurance capital standards.

  10. Asia Risk Congress 2014 – photogallery

    Wright used colourful language to highlight the importance of individual qualities in the leaders of the world’s financial institutions, while senior supervisors from the UK, India and Japan described the challenges facing their home markets.

  11. Moody's sees $14.5bn FX fines for top banks

    Moody's credit outlook, which was published on November 3, comes shortly after Citi adjusted its third-quarter financial results on October 30, due to a $600 million "increase in legal accruals". Under both US Generally Accepted Accounting...

  12. BoE’s Cunliffe: era of free liquidity is over

    That was the message Jon Cunliffe, deputy governor for financial stability at the Bank of England (BoE) delivered to a UK House of Lords subcommittee yesterday. Cunliffe was giving evidence to the House of Lords sub-committee on European Union...

  13. Financial crime body tightens rules on company ownership

    Authorities need access to timely, accurate data to 'follow the money' in their investigations into suspicious financial activity, the Financial Action Task Force (FATF) said in new guidance issued last week, focused on beneficial ownership...

  14. Poor liquidity stalls long-dated Thai derivatives market

    As the Thai market picks up and starts to shift, and the possibility of an interest rate rise draws closer, clients are trying to find the best way to manage their interest rate exposure and look at how they can monetise what they have in their...