The Financial Services Authority has warned banks about the high number of unsigned confirmations in the credit derivatives market. Banks need to take action to clear the backlog, and with the FSA watching closely, they need to do it quickly. By Hann...
Yamane Prebon Tokyo became the first inter-dealer broker to execute a 10-year, zero-percent inflation option on March 28.
BNP Paribas has launched an electronic trading platform for structured products, aimed at increasing secondary market liquidity across different asset classes.
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Mark-to-market accounting has frustrated credit portfolio managers at the largest international banks. It’s made their loan books more volatile and their derivatives hedges less efficient. But accounting standards setters may be ready to review the...
BNP Paribas is set to reorganise its fixed-income business by splitting its marketing and trading activities. The new set-up replaces a structure where the division was split into three areas: foreign exchange, interest rates and credit.
French banking group BNP Paribas has announced two appointments in its fixed-income business servicing German, Austrian and Swiss corporates.
BNP Paribas has incorporated securitisation origination into its financial institutions debt capital markets (FIG DCM) team in order to strengthen and broaden coverage.
BNP Paribas, the French investment bank, has made several hires in its London-based commodity derivatives trading and marketing division.
BNP Paribas has launched an online trading platform that will allow the French bank’s clients to trade structured credit-linked notes, equity and fixed-income hybrid notes, and corporate bonds.
SG, the investment banking unit of French bank Société Générale, has expanded its institutional derivatives sales force in Italy by merging its equities arm with its interest rate and credit divisions.
BNP Paribas, the French banking group, has restructured its credit research division after three members were poached by Lehman Brothers in September.
Lehman Brothers has taken three new credit strategists from BNP Paribas. The US firm has made Alan Capper chief strategist, along with David Brickman, and named Gregory Venizelos as a research analyst. They will be London-based, reporting to John Wilson,...
Amine Belhadj, who has helped BNP Paribas expand its derivatives business in Europe and Tokyo, is now attempting to replicate that success in the Americas in his new role as head of equities and derivatives, Americas at BNP Paribas in New York.
The London-based fund-of-hedge-fund manager, BNP Paribas Fauchier Partners (BNPFP) and its joint venture partner, Fauchier Partners, have selected Riskdata’s FOFiX risk management system for their fund portfolio.
French bank BNP Paribas has transferred its deputy global head of equity derivatives to a new role as head of equities and derivatives, Americas.
Credit Suisse First Boston has hired Melissa Allen from BNP Paribas as a director within the European financial control department.
BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigneiw Ryzak.
BNP Paribas has hired Matthew Schultheis as director and head of sales for its Chicago office.
Bank of America has made a number of appointments to its European debt team in London.
BNP Paribas has hired Kara Lemont Sportelli for its fixed-income derivatives structuring group. Lemont Sportelli will focus on engineering exotic interest rate and hybrid derivatives products for investors and liability managers. She is based in London...
French bank BNP Paribas has made four appointments in its commodity derivatives business, following the departure of two senior members of its team last month.
Carl Nabar has joined French bank BNP Paribas in New York as a senior foreign exchange derivatives trader.
Credit default swap (CDS) options on Asian names have emerged on broker screens, with two CDS option trades referenced to Hong Kong conglomerate Hutchison Whampoa trading through brokerage firm Icap in early June.