Move follows series of structured products hires at Canadian banks
Negative events may not damage financial institutions' reputations, conference hears
New staff to prepare for 2013 deadline
A consistent culture
Current issuance of inflation-linked bonds is too meagre to meet demand from domestic and international investors, say market participants
Toronto Dominion offers boosted returns
Losses & Lawsuits
Toronto Stock Exchange operator TSX Group and the New York-based International Securities Exchange (ISE) will jointly launch a new Canadian derivatives exchange in 2009.
The Montréal Exchange has announced it will list its shares without an offering in March or April next year.
BNP Paribas has made two new appointments to its German structured product team and one to its bond team in Frankfurt.
Pittsburgh-based PNC Financial Services has appointed Aleem Gillani to the position of vice-president and chief market risk officer, based jointly in New York and Pittsburgh.
The largest Canadian banks have banded together to share default data, making it much more likely they will all qualify for the most advantageous regulatory capital approach under the Basel II capital Accord.