UBS's €25 million acquisition of Luxembourg Financial Group signals its intent to keep increasing the size of its presence in the world of structured products
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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UBS has beefed up its structured products offering in Europe with the €25 million acquisition of Luxembourg Financial Group, bringing with it chief executive Johan Groothaert
Ex-Barclays manager takes up role in Coventry
Christensen will work to identify, monitor and manage key risks within the business
Gorman's career spans more than 20 years in US security and intelligence technology
BAML cuts about 15 from commodities business headcount Approximately 15 people from Bank of America Merrill Lynch's (BAML's) commodities business have been made redundant, including the co-head of global oil trading Mitch Rubenstein, and managing director...
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.