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Goldman Sachs JB Were adds Price
Rob Price has joined Goldman Sachs JB Were as managing director and head of equity derivatives, a position in which his responsibilities will include “shaping the strategic direction of the … structured products business in Australia”.
Credit Agricole Asset Management Reforms Development Strategy in Italy
CAAM SGR, Credit Agricole Asset Management’s Italian subsidiary, has made four new appointments including that of Michel Pelosoff as managing director.
BofA creates in equity derivatives
Bank of America has established an international institutional equity derivatives desk in London. The move marks a further expansion of the bank’s equity derivatives platform, following Ben Wilkinson’s move to London last year to head up equity…
Barclays launches Global Property Investment Note
Barclays Stockbrokers has launched a Global Property Investment Note linked to the performance of three global property indexes.
Lyxor launches new commodity ETFs
Lyxor Asset Management’s (Lyxor) latest commodities ETFs will be the first to be listed on the London Stock Exchange, and the first to be linked to the Reuters/Jefferies CRB Index. The Lyxor ETF Commodities CRB (GBP) and the Lyxor ETF Commodities CRB Non…
UBS creates Structured Products fund
UBS has announced the launch of a new investment fund with which it claims to combine the advantages of structured products and investment funds. The fund is called the UBS Optimisation Fund. In return for the annually fixed coupon and conditional…
Oversupply slows down structured products market in Canada
The amount of capital raised by distributed principal protected notes (PPNs) has decreased in Canada due to an oversupply , according to Raj Lala, managing partner at Jovian Asset Management, speaking at the Structured Products conference in Toronto.
Deutsche Bank Launches 11 new ETFs on Bond Indexes
Deutsche Bank has launched 11 new exchange-traded funds (ETFs), dubbed db x-trackers, tradable on Deutsche Börse’s Xetra trading platform.
CitiFX Launches Advanced Alpha FX Indices with Deutsche Börse
CitiFX, the foreign exchange arm of Citigroup, and Deutsche Börse has launched a suite of Alpha indexes complimentary to the Beta1 tradable foreign exchange index, which was launched in May.
Poor PPN disclosure remains a concern, Claymore
Poor disclosure of the risks in principal protected notes (PPNs) is still a concern, says Som Seif, president of Claymore Investments, keynote speaker at the Structured Products conference in Toronto.
EU Commission makes Mifid request to 24 countries
All but three of the EU’s 27 member states will receive formal requests to implement the Markets in Financial Instruments Directive (Mifid) by November this year.
SEC to look at Bear Stearns hedge funds following mortgage woes
The US Securities and Exchange Commission (SEC) will investigate the near-collapse of two Bear Stearns hedge funds that had invested in the subprime mortgage market.
IOSCO picks Tokyo for 2007 conference
The International Organization of Securities (IOSCO), an industry regulator, will hold its annual conference in Tokyo in November.
BBA wants regulatory improvements for consumers
The British Bankers’ Association (BBA) has called for more risk-based regulatory capital requirements for independent financial advisers, and for the removal of regulatory retrospection.
Turkish financial authority expected to decide on Basel delay in days
The Banking Regulation and Supervision Agency, which oversees the Turkish finance industry, will decide over the coming days whether to delay Basel II implementation, according to Ergun Özen, general manager of Garanti Bank, one of the jurisdiction’s…
Deutsche Bank chief lauds Basel II
Josef Ackermann, Deutsche Bank’s chief executive, has said financial regulators should follow Basel II’s lead and seek to co-operate internationally more often.
US Treasury wants regulatory overhaul
In a move that will come as a relief to those working in the capital markets industry, Treasury boss Hank Paulson has called for an overhaul of its regulation.
Barclays improves rates
Barclays has launched a series of new offerings which it has garnished with improved rates, starting with the six-year Minimum Return Plan offering a fixed minimum rate of 30% (previously 28%), or 50% of the rise in the FTSE 100 Index, whichever is the…
Poll reveals majority worry over Mifid best execution
Almost 60% of risk professionals surveyed were highly concerned about the best-execution clause included in the EU’s Markets in Financial Instruments Directive (Mifid).
Basel Committee head credits framework with resilience
Nout Wellink, chairman of the Basel Committee on Banking Supervision (BCBS) and chief of the Netherlands’ central bank, said that Basel II has helped both financial institutions and systems become more resilient.
Linklaters makes Michael Kent financial markets head
Michael Kent will become global head of UK law firm Linklaters’ financial markets group in November.