Feature
EIB Climate Bond extended
The European Investment Bank (EIB) has extended the euro bond linked to climate change that it issued in May. The due June 28 2012 five-year public offering for the Climate Awareness Bond (EPOS II) will be extended a week, until June 29 “in order to…
BNP Paribas Boosts Hedge Fund Business
BNP Paribas has hired David Lonsdale as European head of securities, within its equities and derivatives business.
Morgan Stanley launches Target Equity Index Family
Morgan Stanley has launched a new series of equity indexes dubbed the Morgan Stanley Target Equity Index Family.
RBC takes Nair as head of Structured Credit
RBC Capital Markets has appointed Priya Nair as managing director, global head of Structured Credit Product origination and syndication. Nair will spearhead the global coordination of origination and distribution of RBC Capital Markets’ structured credit…
Deutsche loses five from shariah subsidiary
Five members of the Dar Al Istithmar Group (DI), a Middle East-based subsidiary of Deutsche Bank, have moved to BMB Group, the Brunei-based Islamic asset management provider. The five were the advisory team in the DI group, which also includes a…
S&P Launches Pan Asia Shariah Index
S&P has launched its fully investable S&P Pan Asia Shariah Index, the latest equity index in the S&P Global Shariah Index Series.
NASD vice-chair discusses merger and compliance trends
Doug Shulman, vice-chair of the National Association of Securities Dealers, an industry body and regulator for US securities regulators, spoke yesterday of his organisation’s merger with the New York Stock Exchange’s (NYSE) independent regulator, and up…
Unthinkably favourable
Imagination in stress testing demands unorthodox thinking, as even seemingly favourable events can have negative consequences. In the case of the oil markets, this means stress testing for a fall, as well as a rise, in oil prices, argues David Rowe
Financial Technologies Basel II seminar to assess UAE impact
Financial Technologies Middle East, a technology company, is running an event on the effect of Basel II in the UAE.
Modelling CDO tranches with dependent loss given default
Guido Giese presents an analytic methodology for pricing collateralised debt obligations tranches including stochastic and dependent loss given default
In the shadows
Booming over-the-counter derivatives markets may be generating huge revenues for dealers, but they are also casting a worrying shadow over trading book profits in the form of counterparty credit risk. Are contingent credit default swaps the answer?
New world order
Eurex announced in April it will acquire the International Securities Exchange for approximately $2.8 billion. This follows the finalisation of the merger between NYSE Group and Euronext in April. How are regulators responding to the cross-border…
FDIC chief gives September deadline for US Basel rules
Sheila Bair, head of the Federal Deposit Insurance Corporation (FDIC), told a trade magazine she hopes the US will finalise its Basel II regulations by September.
Italian regulator establishes quant unit
Italy's Commissione Nazionale per le Societa e la Borsa (Consob), the regulator that oversees the country's securities markets, has created a stand-alone quantitative analysis unit.
Cross-border confusion
Europe's internationally active banks have until the end of this year to be fully compliant with the new Basel capital Accord, but a lack of clarity on cross-border implementation continues to cause major problems
Stanchart Offers Twin Win Structured Product To Gulf Region
The Qatar-based branch of Standard Chartered Bank has launched a new product dubbed Twin Win, a new structured products for the Gulf Region.
CESR publishes structured finance survey
The Committee of European Securities Regulators (CESR), which develops and monitors EU rules affecting the securities market, has launched an online survey on the rating of structured finance instruments.
Research points to Basel technology split
Chartis, a research company specialising in risk technology, has found that the top banks in North America and Europe are “leveraging their investment in risk technology to produce integrated risk and finance capabilities”.
BIS releases annual report
The Bank for International Settlements (BIS) submitted its annual report on June 24, at its annual general meeting.
OTS director supports anti-money laundering initiative
John Reich, director of the Office of Thrift Supervision, praised the US Treasury’s introduction of a risk-based approach to examining community banks for anti-money laundering compliance.
SAR filing decreased last year, says FinCEN report
Huge reporting jump in last decade
US Treasury slams terrorism insurance rules
Extension of TRIA dissuading private sector innovation, says Nason
Meteor Launches Two New Products
Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched two new products: the Gemini Plan and the Orion Plan which offer income and growth opportunities.
Russell on Ice
Russell Investment Group has moved its Russell 1000, 2000 and 3000 indexes from the Chicago Mercantile Exchange (CME) to the IntercontinentalExchange (Ice), after signing an agreement with Ice on June 18. The exclusive licensing agreement that was signed…