Feature
UK FSA names new head
The Financial Services Authority (FSA), which regulates the UK’s finance market, is to appoint Hector Sants as its new chief executive.
Dawnay Day launches Maximiser II
Dawnay Day Quantum (DDQ) will launch DDQ European Stockmarket Maximiser II on 23 July, offering exposure to the Dow Jones EURO STOXX 50 Index with 10 times the index return, up to 60%; 1.75 times the index return, above 60%, uncapped; 100% capital…
BBVA poaches Isla from BarCap
BBVA has hired Lorenzo Isla from Barclays Capital (Barcap) as head of credit derivatives structuring. Isla will be based in Madrid and he joined from BarCap in London where he was head of structured credit strategy.
BGI adds in Asia
Barclays Global Investors (BGI) appointed three new members to its Asian business at the end of June. Nick Good was appointed head of iShares, Asia-Pacific, responsible for iShares in Australia, China, Hong Kong, Japan, Korea, Singapore and Taiwan. Good…
BNP Paribas hires legal counsel from Linklaters
BNP Paribas in Hong Kong has hired Benjamin Liu as its legal counsel. Liu joins from Linklaters in Hong Kong where he was a managing associate in the derivatives and structured products group.
Lyxor gains licence to operate in Japan
Lyxor Asset Management, Société Générale’s wholly owned subsidiary, has obtained a licence from Japan’s Financial Services Agency to conduct investment trust management services in Japan.
Fed governor says hedge funds present systemic danger
Kevin Warsh, a governor at the US Federal Reserve, said hedge fund losses could threaten the finance industry.
US Fed chief stresses need for speed on Basel II
Randall Kroszner, a governor at the US Federal Reserve, said he wants to get Basel II implemented fast.
CEBS calls for advice
The Committee of European Banking Supervisors (CEBS) has made three calls for technical advice.
Hedge funds "pose systemic risk," says US Treasury
Steele reveals new guidelines to mitigate threat
Trio of vendors spearheading Basel credit risk work
SAS, SunGard, Algo lauded by Chartis
ABN creates to meet environmental demand
ABN Amro has launched Sustainable Eco (Seco) notes and swaps linked to the Kenmar Global Eco Fund (KGEF). The structured products are aimed at institutional investors looking for exposure to Socially Responsible Investments (SRI) and Environmental,…
Income for EM carry trades
JPMorgan has launched IncomeEM, targeting opportunities from carry trades in emerging foreign exchange markets, and which it will sell to institutional and high net worth investors in the form of structured products.
Australia makes Basel II securitisation changes
The Australian Prudential Regulation Authority (APRA), the financial industry’s supervisor, has published its proposals for Basel II-compliant securitisation rules.
Insurance industry’s Basel II released
The EU Commission has published its proposal for Solvency II, a regulatory framework for the insurance industry that uses Basel II’s three-pillar structure.
CEIOPS reviews financial stability of the insurance market
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), which aids the implementation of the EU’s insurance rules, has published its report on financial conditions and stability in the industry.
Investors to lose $52 billion on subprime, says Credit Suisse
Losses on bonds backed by US subprime mortgages could reach $52 billion, according to Credit Suisse.
Euronext reports SP and ETF increase
Euronext has reported a year-on-year increase of 32.8% for average daily Structured Product transactions, include warrants and certificates. The increase in exchange-traded funds transacted on the Euronext exchange was 113.4%.
Meteor Launches Galaxy Protected Commodities Plan 2
Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched a second version of the Galaxy Protected Commodities Plan 2.
Deutsche Börse calculates DAXplus strategy indexes for more countries
Deutsche Börse has launched four new DAXplus strategy indexes for Japan, the US, Switzerland and France. The indexes, dubbed DAXplus Minimum Variance and DAXplus Maximum Sharpe Ratio, are rule-based and track passive risk/return-optimised investment…
Deutsche Bank Launches Nine New ETFs
Deutsche Bank subsidiary, db x-trackers, has launched nine new exchange traded funds (ETFs) based largely on emerging markets indexes.
BGI launches first Clean Energy ETF to list in Europe
Barclays Global Investors (BGI) has launched three new iShares on the London Stock Exchange (LSE) including the first clean energy ETF to list in Europe.