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The board of governors of the US Federal Reserve System has chosen Denis Hughes to be chairman of the Federal Reserve Bank of New York for the remainder of 2009.
James Kroeker has been appointed chief accountant at the US Securities and Exchange Commission (SEC), after having held the role on an interim basis since January.
Christopher Bae and Thomas Gillie will join Bank of America as managing directors and co-heads of global foreign exchange options in October.
Hans Fuchs has been promoted to the newly created position of chief operating officer for Barclays Capital's Asian global finance and risk solutions group.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.