BAML Asia-Pacific commodities head Tsai is leaving the firm, say industry sources
Pushing for promotion
Speakers on a panel at Risk Japan 2011 in Tokyo on August 30 debated the effects of international regulatory developments on Japanese financial institutions. Some parties believe Japan needs to team up with Europe to push back on Dodd-Frank extraterritoriality....
JP Morgan has added to its equity derivatives group in Asia by raiding Goldman Sachs and Morgan Stanley
Business continuity planning struggles to prepare for a one-in-1,000-year event such as the Japan disaster.
HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed today (August 17).
Tokyo’s recently launched carbon trading scheme could provide a blueprint for similar schemes across Asia, say carbon experts.
Barclays Capital has added more senior personnel to its foreign exchange teams in Singapore and Tokyo.
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.
Collins Stewart Tullett has merged the Group of Seven currency options desks of its Tullett Liberty and Prebon Yamane subsidiaries in London and Asia.
The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the...
Japan’s Financial Services Agency (FSA) has issued an administrative action against the Tokyo branch of JP Morgan Chase requesting it improve its compliance and internal controls. JP Morgan Chase is requested to “submit the Business Improvement Plan...
US investment bank Merrill Lynch has made four new equity derivatives-related hires in Japan, two in Hong Kong and two in Australia.
Japan’s banks are protesting against Basel’s proposed operational risk capital charge. They claim their risk levels are much lower than those of banks from other countries, but there is little hard data available to back this claim up. Anthony Rowley...
The revisions to the Basel Accord have enormous implications for Japan, a nation with a banking system still getting to grips with non-performing loans and the impact of mark-to market accounting rules. Anthony Rowley reports from Tokyo.