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Fed Gives Two Years to Comply with 'Volcker Rule'  

April 30, 2012
Financial institutions will have until July 21, 2014, to fully comply with the "Volcker Rule," which heavily restricts banks' proprietary trading and interests in hedge funds. That is two years from the statutory effective date of Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010, which is July 21, 2012.
 

Solvency II to have negative impact on securitisation and supply of credit  

April 30, 2012

Fitch Ratings says in a newly published report, that the proposed new Solvency II regulation for European insurance companies in respect of their exposure to securitisations could disincentivise insurance companies from investing in highly rated and historically strongly performing securitisations.

 

Credit Default Swaps: Useful, Misleading, Dangerous?  

April 30, 2012
Credit default swaps (CDSs) are derivatives, financial instruments sold over the counter. They transfer the credit risk associated with corporate or sovereign bonds to a third party, without shifting any other risks. European politicians have blamed the CDS market for destabilising Greece, and as a result, there is a new EU Regulation that restricts the use of ‘naked’ CDSs on sovereign (but not corporate) debt.1 These contracts offer payment on default of a financial instrument even if the buyer of the contract does not hold the underlying bonds.
 

Derivatives risk remains poorly understood  

April 29, 2012
Many hailed Lehman Brothers’ recent emergence from Chapter 11 as a triumph of the US bankruptcy process. Unfortunately, many of Lehman’s former customers are not cheering.
 

Largest U.S. Banks Resist Federal Reserve’s Credit Limits  

April 28, 2012
The largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.”
 

Issuers tread ECB line with 'natural' ABS hedging  

April 27, 2012
LONDON, April 27 (IFR) - The pace with which originators presenting structured finance deals as ECB collateral are tweaking deal structures has prompted the ECB to look closer at the collateral it accepts, and make originators disclose any modifications ahead of time.
 

Europe: A shift in the political wind  

April 27, 2012
The mild features of Herman Van Rompuy took on a stern cast on Thursday when he addressed business leaders in Brussels on Europe’s fight to overcome its economic and financial crisis.
 

Basel Reprieve for EU Banks Weighed If Rivals Skirt Rules  

April 27, 2012
Banks in the European Union may win a partial reprieve from Basel capital and liquidity rules if lenders in other regions such as the U.S. are allowed to escape the full force of the measures.
 

Basel III norms for all banks by next year: CBO  

April 24, 2012
Muscat: The latest global regulatory standards on bank capital adequacy, stress test and market liquidity risk called ‘Basel III’ will be introduced for Omani banks by the Central Bank of Oman (CBO) next year. “A road map has already been
 

Rising cost of risk tools daunts Europe companies  

April 24, 2012
(Reuters) - European companies are increasingly alarmed that new rules on derivatives could leave them paying threefold for vital tools for managing risk or more exposed if they shun them, ultimately hampering growth. Derivatives are used,
 
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