Feature
Kempen & Co. hires Pontier and Zoutenbier to build structured products business
Kempen, an investment bank in Amsterdam, has hired Koen Zoutenbier from Fortis and Hans Pontier from Rabobank to build a structured products business for its institutional and private investors and its private banking clients at Van Lanschot, which…
Barclays Wealth adds Bansal
Satya Narayan Bansal has joined Barclays Wealth as head of its onshore private banking business in India, moving from ICICI’s Singapore-based private banking business where he was head for South East Asia.
Emerging ETFs
ABN Amro listed six new emerging markets exchange-traded funds have been listed on Xetra at the beginning of July.
Southern and eastern European central banks agree to work together on regulation
Seven European central banks have agreed on a framework to enhance co-operation on banking supervision.
EU Commissioner praises Basel II
Charlie McCreevy, European Commissioner for Internal Market and Services, said that carefully-crafted regulation such as Basel II should be viewed as “a powerful tool to extract the best from globalisation”.
EBS prepares for Basel II with Misys
EBS, an Irish building society, is using software vendor Misys’ Almonde platform to ensure Basel II compliance.
Nasdaq to implement ETF market
Nasdaq will implement its own ETF market, including exchange traded funds and index-lined notes, in the third quarter of 2007. The exchange submitted proposed rules to the Securities and Exchange Commission (SEC) relating to DLPs and Qualified Securities…
In good wealth
Marcel Rohner has been named chief operating officer at UBS, and has been replaced as chairman and CEO of wealth management and business banking by Raoul Weil. Rohner, who has been a member of the group executive board since 2002 and was named deputy…
Fortis nabs Schroders’s Theisinger
Fortis Investments has hired Martin Theisinger as its head of client relationship management for Germany, Austria and Central Europe. Theisnger joins from Schroder Investment Management, where he was a managing director for Germany, Austria and CEE.
Australia updates financial reporting framework
The Australian Prudential Regulation Authority has updated its reporting standards for the finance industry.
Updated technology introduces new model for credit scoring
Callcredit, a credit reference agency, and Fair Issac, a technology company, are introducing a new version of their CallScore platform, which “delivers significantly more predictive power”.
CEIOPS asks for comments on mediation consultation paper
The Committee of European Insurance and Occupational Pensions Supervisors has asked for comments on its plans to establish a mediation mechanism between insurance and pensions supervisors.
Report highlights Basel IA revisions
Rating agency Fitch Ratings has published a report outlining the recent changes to risk-based capital regulations in the US.
Algorithmics rated top Basel II vendor
Algorithmics Capital Analytics, a technology company, is the leading provider of credit risk management technology for Basel II, according to a survey by research company Chartis.
Commission VP calls on EU and US to co-operate on financial rulemaking
Günter Verheugen, vice-president of the European Commission responsible for enterprise and industry, has said that “a structured, institutional dialogue between the European Parliament and the US Congress” should be set up to ensure commonality in…
Swiss and British bankers want principles-based code
High-profile members of two of the world’s most important banking communities have come out in favour of principles- rather than rules-based regulation.
SEC asks for comments on eliminating IFRS reconciliation rule
The Securities and Exchange Commission (SEC) has published a proposal to scrap rules for foreigners using International Financial Reporting Standards (IFRS) to file reconciliation documents using US Generally Accepted Accounting Principles (GAAP).
Nasdaq Introduces ETF Market
US stock exchange Nasdaq will launch the Nasdaq ETF Market in the third quarter of 2007. The market is designed specifically for exchange traded funds (ETFs) and index-linked notes.
JP Morgan gets Savary
Carole Savary has joined JP Morgan as an executive director and head of cross-asset Structured Investments Distributor Marketing (SIDM) for France, Belgium and Luxembourg.
CEIOPS publishes report on convergence
The Committee of European Insurance and Occupational Insurance Supervisors has published its interim report on supervisory convergence in the insurance and occupational pensions industries.
Belgian bank chief pushes integration agenda
Guy Quaden, governor of the National Bank of Belgium, has emphasised the importance of regional integration in regulating financial markets.
FSA criticises subprime industry
The Financial Services Agency (FSA), the UK industry regulator, has found that lenders and intermediaries inadequately assessed and monitored their subprime loan customers.