Oliver Wyman News
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The U.S. Commodity Futures Trading Commission is considering reducing the number of price quotes a buyer must request before trading swaps under final Dodd-Frank Act regulations intended to boost transparency, according to three people briefed on the matter.
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Job vacancies at London’s financial- services companies climbed 19 percent last month as tougher regulation of banks spurred hiring in compliance and anti-money laundering, recruitment firm Astbury Marsden said.
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JPMorgan Chase & Co. was the top payer among investment banks last year, awarding its senior employees a fifth more than Goldman Sachs Group Inc., according to a report that also highlights a growing divide between firms based in the U.S. and Europe.
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The Bank of Spain wants to refine rules spelling out how banks should classify refinanced loans, said two people familiar with its plans.
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The International Swaps & Derivatives Association said it hired consulting firm Oliver Wyman to make recommendations on how to modify an interest-rate swap pricing process that is the subject of a U.S. investigation.
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With the yen weakening and Europe’s debt crisis spreading, Volkswagen AG and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.
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European corporate and investment banks face a reduction in profitability from increased taxation, compensation restrictions and regulatory burdens, according to a report by Oliver Wyman and Morgan Stanley.
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Citigroup Inc.’s European chief, Jim Cowles, said so-called U.S. universal banks like his own are gaining market share in investment banking because they can absorb the rising cost of regulation better than European peers.
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Luxembourg will begin the automatic exchange of tax data in 2015, easing its bank-secrecy rules as part of efforts to fight the financial crisis.
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Banco Popular Espanol SA is defying the findings of Spain’s bank stress tests as it seeks new money from Allianz SE and other investors to plug a capital shortfall.
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