Deutsche Bank plans to close much of its commodity franchise after an internal review found that new regulation would make the business too capital-intensive, making it the latest in a long line of banks to pull out of that space because of regulatory pressure.
Following its €12bn breakthrough transaction of early 2012, Aegon returned to the longevity risk transfer market last week with a new standardised hedging solution that some believe will open the door to a liquid longevity market that could see dealers making two-way markets in transactions structured by their competitors.
A submission seeking regulatory approval for an expansive array of interest rate swaps to be traded over electronic platforms has been pared down following industry concerns that the move could push illiquid swaps on to swap execution facilities, potentially threatening liquidity in more standard contracts.
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- Repo embarks on buyside evolution
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