Feature
The Big Interview - Tim Polglase
As a massive increase in covenant-lite loans sends jitters through the investor community, the head of leveraged finance at law firm Allen & Overy in London tells Nikki Marmery that cov-lite merely reflects a changing market dynamic
Q&A - Robert Gardner
Under pressure to improve transparency, pension schemes are increasingly seeking to manage deficit/surplus volatility. The co-founder of consultancy Redington Partners in London explains how credit can play a part in that drive
Credit Suisse hires head of private banking from Merrill Lynch for Australia
Credit Suisse has hired Nick Kalikajaros as managing director and head of private banking for Australia. Kalikajaros will start in October and will be based in Sydney. He joins Credit Suisse from Merrill Lynch where he was head of global private clients…
CEIOPS has issues with risk
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has written a paper on risk management.
Industry warns against EU commodity regulation
The European Commission has been cautioned against inappropriate regulation of commodity derivatives by a working group of industry bodies.
The best-laid plans ..
Strategic risk is recognised as a potential serious risk under Pillar II of Basel II. But isolating what strategic risk actually is, let alone how to quantify it, has caused some problems for risk managers. Bob Allen of the Australian Prudential…
Xinhua and Fermat bring Basel technology to China
Xinhua Financial, a media company, and Fermat, a risk technology specialist, have signed a deal to provide Basel II software in the world’s fourth largest economy.
Deutsche lists 25 new db x-trackers ETFs
Deutsche Bank has taken its tally of db x-trackers ETFs listed on Deutsche Boerse this year to 49 with the addition of 25 new launches.
BNP Paribas adds two to strategic equity solutions
BNP Paribas has hired Christopher Loudon and Kimberlee Brody, as director and vice-president respectively, to its strategic equity solutions group within the bank’s equities and derivatives business in New York. Both report to Janet Kim, head of…
LSE Borsa Italiana Merger to open up UK Market to Securitised Derivatives
Structured products will be available to both London Stock Exchange (LSE) and Borsa Italiana investors following the merger of the two exchanges in June. The products, coined as securitised derivatives by both exchanges, will be traded on the UK and…
RBS accepts LaSalle sale and rejigs bid
The saga of the sale of LaSalle to Bank of America took a futher twist after a ruling from the Dutch Supreme Court, on July 13, that the disposal of the US distributor to Bank of America (BofA) did not need shareholder approval.
NYSE/NASD merged supervisor changes name
The consolidated regulator of the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD) will be called the Financial Industry Regulatory Authority, not the Securities Industry Regulatory Authority (SIRA) as was…
Trichet presents ECB annual report
Jean-Claude Trichet, president of the European Central Bank (ECB), briefed the European Parliament on the bank’s 2006 annual report in Strasbourg last week.
Qatar plans for single supervisor
Qatar has said it will introduce one regulator to supervise the banking, insurance, securities and asset-management industries by early 2008.
Trade Associations release RSP Principles released
Five trade associations released, on July 11, a set of non-binding principles relating to retail structured products. The principles are directed at the management of the relationship between providers and distributors.
Citi launches directors' fund with conviction
Citi’s Structured Products team launched, on June 29, its European Directors’ Insight Fund, the second sub-fund launched from its UCITS III fund platform, First Investment International Funds. The new fund is aimed at capturing the outperformance of…
Real estate takes from alternative investments
High net worth individuals shifted more money into real estate investments, at the cost of alternative investments in 2006, says Merrill Lunch and Capgemini in their 11th annual World Wealth Report. Published on June 27 2007, the report noted a rise in…
LaSalle sale certified by Dutch Supreme Court
The saga of the sale of LaSalle to Bank of America may have taken its final twist after a ruling from the Dutch Supreme Court that the disposal of the US distributor to Bank of America did not need shareholder approval.
RBC hedge fund index June returns
RBC Capital Markets has estimated a 0.61% net return for June from its Hedge 250 Index, and finalised the May return at 1.72%. The year-to-date return to 7.02%.
Barclays offers access to infrastructure and Asian equity
Barclays Wealth has launched two new structured products offering access to infrastructure stocks and the Asian equity market. The Guaranteed Global Infrastructure Account and Guaranteed Asian Equity Accounts are designed to return investors’ capital if…
IIC Launches iTraxx Total Return Indexes
International Index Company (IIC) has launched three iTraxx Total Return Indexes which measure the performance of holding the respective on-the-run iTraxx credit default swap (CDS) contracts with the remaining notional invested in money market…
UK legislature approves regulatory reform
Parliament has passed reforms that will reduce the burden placed on the industry regulator, the Financial Services Authority (FSA), and UK business.
CESR publishes more guidance on Market Abuse Directive
The Committee of European Securities regulators has released its second guidance document on the EU’s Market Abuse Directive.
More Compliance resources for Resources
Resources Global Professionals, a financial consultancy, has acquired Compliance Consultants, a UK-based regulatory compliance specialist.