ABN Amro
Debating RCSAs
Four of the industry's top op risk executives debated risk control self-assessments at a recent briefing in London, moderated by Ellen Davis and sponsored by software vendor Reveleus
First moves on diamond derivatives
UK-based diamond market data provider Polished Prices, with New York-based news service Bloomberg and three international banks, has published a discussion paper on developing a market for diamond derivatives.
Boat Banks to name vendor
LONDON—"Project Boat"—a consortium of nine banks that is creating an off-exchange trade reporting facility—is close to naming the vendor that will provide the underlying technology for the planned OTC trade data platform, according to sources familiar…
Standard Chartered appoints head of client research
Standard Chartered has appointed Alex Barrett to the newly created role of head of client research across all global markets.
FSA’s Huertas hits out at CPDOs
Thomas Huertas, director of wholesale firms at the Financial Services Authority, has lashed out at the use of constant proportion debt obligations (CPDOs), a new breed of synthetic credit investments.
ABN Amro launches new UK structured products business
ABN Amro has launched a new UK-based business to provide easy access to innovative structured products through a regulated fund vehicle.
Nine banks to build Mifid utility
Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.
ABN Amro hires inflation trading head
Amsterdam-based ABN Amro has hired Paul Canty as European head of inflation trading.
Forex trader faces possible execution
A Vietnamese bank employee faces possible execution in Vietnam after losing some $5.4 million in allegedly unauthorised proprietary trading.
ABN Amro unveils new inflation team
ABN Amro has named Vincent Voeten as global head of integrated inflation products, which encompasses both trading and structuring. Voeten was previously head of macro exotics trading for ABN Amro in the US.
Citigroup sets up inflation trading team
Citigroup has hired five senior bankers to form a European inflation products team. The team, which is within the European rates trading arm of the bank, will be headed by Sebastien Goldenberg, managing director and head of inflation trading.
ABN Amro and Woori form fixed-income alliance
Dutch bank ABN Amro signed an agreement on June 26 to provide Korean firm Woori Investment & Securities with fixed-income derivatives expertise, including intellectual capital, product capability and IT systems.
ABN Amro creates emerging market ABS role
ABN Amro has appointed Gary Watmore to the newly created position of head of emerging markets asset-backed securitisation (ABS) in London. He moves from the bank’s Hong Kong office, where he was most recently head of Asian ABS.
ABN Amro hires Murray to head European hedge fund sales
ABN Amro has hired Dean Murray in London as European head of hedge fund sales within in its derivatives solutions group. He has already left Bear Stearns, where he helped set up the equity flow sales desk.
ABN Amro names new head of Asian derivatives
ABN Amro has named Muse Kwong as its new head of Asian derivatives.
BPI winds down derivatives positions
Lodi’s Banca Popolare Italiana (BPI) has significantly wound down its derivatives positions and lowered its risk profile since September 2005, when it was in the middle of a failed take-over bid for Banca Antonveneta under previous chief executive…
RBS names new head of Asian futures
Royal Bank of Scotland (RBS) has named Chin Leng Woon as its new head of futures for Asia at its Singapore office.
ABN Amro opens commodity desk in Brazil
ABN Amro has started trading commodity futures in Brazil with the opening of its new sugar desk in Sao Paulo.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Isda launches Chinese collateral glossary
The International Swaps and Derivatives Association today launched a Mandarin/ English glossary of collateral terms, as it seeks to encourage the use of collateral in credit risk mitigation for the Chinese-speaking world.
Fed fines ABN Amro $80 million
The US Federal Reserve has ordered ABN Amro to pay $80 million in fines for lacking adequate risk management that could identify money laundering activities in its overseas branches. According to the order released on December 19, the Amsterdam-based…
Renaissance lures Becker from ABN Amro
Russian investment bank Renaissance Capital has snared Pier Becker from ABN Amro in Moscow.
China to open futures market to foreign investors
The Chinese government may relax its rules to encourage foreign investors to enter the country's lacklustre futures market, with ABN Amro the first to move.