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  1. 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...

  2. 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.

  3. "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. Uncertainty with respect to equivalence is very disruptive for the industry. That is the claim of three CCP representatives, speaking...

  4. 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.

  5. Dealers fret over NSFR impact on equities

    Following the release of the proposed NSFR in January, industry groups, led by the Global Financial Markets Association and the Institute for International Finance, had pushed back on the treatment of stock-borrow transactions, which were classed...

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

    Meanwhile, Rahim Hirji, chief risk officer of Manulife Financial, based in Toronto, also challenged the view there is systemic risk in the industry. Similar concerns have been raised also about the perspective being taken by the Financial Stability...

  7. 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...

  8. SunGard taps videogames to boost risk technology

    It gives them the advantage of speed without having to hire a GPU programmer, which is quite a rare skill, especially in the financial industry," adds Newman. Ten years ago, the types of calculation that people wanted to do were relatively...

  9. New frontloading flap over €8bn clearing threshold

    Nothing changes for the small group of firms that fall into category one – organisations that are members of a clearing house – but category two, which previously covered all other financial entities, has been split.

  10. US energy firms welcome CFTC tweaks to Dodd-Frank rules

    Based on the discussion and based on the analysis that the staff provided, it's generally favourable from the point of view of commercial end-users, because it will make it easier for them to engage in forward contracting," says James Cater...

  11. UBS offers bankruptcy remoteness and white-labelling twist

    A lot of business was done in the ‘balance sheet is for free' world before the financial crisis, and a big part of our business just died," says Grob. The industry will evolve into something that will have that scale for some players, where they...

  12. The best way to manage individual CPPI, from Deutsche AWM

    The looming reality of Solvency II has been a big driver, with its imperative for insurers to hedge their financial risk or pay a capital price. While European insurers are so far opting to use DB My Life to offer prepackaged products, Australia's...

  13. Nationwide: ABS markets need more than warm words

    Regulators hit securitisation hard after the 2008 financial crisis, with the Basel Committee on Banking Supervision proposing bank capital requirements in late 2012 that were viewed by industry critics as too harsh.

  14. US bilateral margin rules: a hit parade of horrors

    The US proposals, meanwhile, seek comment on whether and when it would be appropriate to allow one-time reuse of initial margin posted by a non-dealer financial end-user to hedge the exposure caused by that financial end-user, as suggested in the...

  15. Industry confronts hard choices in CCP recovery debate

    CCPs have ways to boost financial strength – none straightforward On the same day, the Financial Stability Board (FSB) issued a more wide-ranging report on resolution planning. On October 15, the Committee on Payments and Market Infrastructures and...

  16. The secrets of successful energy trading firms

    Phibro has had the best of both worlds, bringing together a well-maintained physical trading infrastructure and bank traders that were used to innovative financial products, according to Shannon Burchett, chief executive of Dallas-based...