The Australian and New Zealand governments have unveiled new initiatives to boost confidence in funding markets.
Market participants in Australia have faced a year of ups and downs in all asset classes. But a number of dealers - some facing problems of their own - have stood up to the task, with Deutsche Bank defending its position at the top of the pile
Daily news headlines
Deutsche Bank has topped Risk's first Australian rankings survey, with particularly strong showings in interest rate and credit.
Oz regulator fine-tunes Basel standards
Australia unveils more AML compliance information
APRA may gain new licensing powers
Implementation of the core principles of op risk still has a long way to go in the Asia-Pacific region. Ellen Davis reports
National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.
The scheduled adoption of IAS 39 may not be causing the same waves in Asia as it is in Europe, but corporate treasurers in Australia, Hong Kong and Singapore are eyeing the 1 January deadline with increasing nervousness.
Australian bank Westpac has licensed SunGard's Credient, part of its Adaptiv credit risk infrastructure.
Commonwealth Bank of Australia (CBA) is issuing five series of credit-linked notes (CLNs), maturing on September 4, 2006 and referenced on a portfolio of 100 equally weighted investment-grade credits.
With International Accounting Standard 39 set to be implemented in Australia in January 2005, John Kidd and Jim Godsil of Deloitte Touche Tohmatsu warn that early preparation is critical.
French banking group BNP Paribas has hired Pierre Katerdjian to join its credit and rates marketing group in Australia. Katerdjian, who joins from Deutsche Bank where he traded Australian credit derivatives, will start on June 2.