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…

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.

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 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 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.

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…

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…

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