Feature
HVB offers open-end index certificate tracking FTSE EPRA/NAREIT Germany Net Total Return Index
HypoVereinsbank (HVB) is offering access to the German real estate market with its open-end index certificate tracking the FTSE EPRA/NAREIT Germany Net Total Return Index. The index is based on the shares of the largest publicly traded German real estate…
NDF Launches Two New Plans
UK-based distributor NDF Administration has launched two new products: the Growth Kick out Plan June 07’ and the 7.25% Fixed Income Plan June 07’.
RBC offers principal protected note linked to commodities in Canada
RBC in Canada has launched a 100% principal protected note linked to a basket of commodities that includes Brent crude oil, copper, nickel and zinc. The five-year RBC Principal Protected Commodity Booster Notes offers 50% return at maturity if the…
Cannon appointed
Matthew Cannon has been appointed head of Structured Credit Products, Asia-Pacific for HSBC. Cannon moves from the bank’s European offices, where he was responsible for marketing structured credit products in that region. Cannon’s appointment marks an…
ECB chief calls for increased regulatory harmonisation
Jean-Claude Trichet, president of the European Central Bank, has said central banks must decide on uniform regulatory principles to deal with the globalisation of financial markets.
CEBS publishes notes from hearing on own funds
The Committee of European Banking Supervisors (CEBS), which monitors and contributes to EU banking directives, has published a summary of the Own Funds hearing, which took place in London on June 11.
CESR assesses disparities in supervisory control
The Committee of European Securities Regulators (CESR), which surveys EU rules on securities, has investigated whether national authorities have the same degree of power to enforce the market abuse and prospectus directives.
London Stock Exchange releases Mifid software
The London Stock Exchange (LSE) has announced the technology that it will offer member firms to ease the burden of Mifid compliance.
SEC adopts amendments to regulation on short selling
The Securities and Exchange Commission unanimously accepted amendments to rule 105 of Regulation M .
Accurate ID system is key to internal bank security
Authorisation crucial to stopping criminal staff, says report
Deutsche Bank Launches Tradeable Equity Research Index
Deutsche Bank has launched the Solar Europe Index, the first in a series of indexes it has planned for giving investors access to its equity research analysts’ shorter-term investment ideas.
Legal and General Launches Growth Investment Plan Plus Number 9
Legal & General Portfolio Management Services, a UK-based distributor, has launched the ninth in its Growth Investment Plan Plus series.
Deutsche Bank launches first retail ELN in Hong Kong
Deutsche Bank has launched its first equity-linked note (ELN) for the retail market in Hong Kong. The Palladium Securities HK Series 1 is 100% principal protected at maturity and is linked to the spread performance of Hang Seng China Enterprises Index …
Société Générale Offers New Asset Classes
Société Générale (SG) has launched the Société Générale Index (SGI), aiming to provide the market with both systematic strategy and thematic indexes, which offer access to new asset classes.
Broken joints
Moody’s Investors Service’s determination to change its rating approach, and its subsequent decision to revise its controversial joint default analysis methodology, has left the agency’s reputation in tatters. Duncan Wood reports on the fallout.
GARP adds four directors
The Global Association of Risk Professionals (GARP), an industry body, has appointed four regional directors.
NASD and NYSE regulators to merge
The National Association of Securities Dealers (NASD), an independent regulator of the US securities market, and the New York Stock Exchange (NYSE)’s member regulation operations will become the Securities Industry Regulatory Authority (SIRA).
UK FSA appoints retail firms head
Sheila Nicoll is the new director of the retail firms division of the UK Financial Services Authority (FSA).
European Parliament endorses Equitable Life report
The European Parliament has supported the findings of the Committee of Enquiry’s report on the near-collapse of insurance company Equitable Life.
Credit risk efficiency contributes to Switzerland’s banking prowess
Philipp Hildebrand, vice-chairman of the governing board of the Swiss National Bank, said that more effective distribution of credit risk has benefited the jurisdiction’s banking industry.
Defining the boundaries
Him Chuan Lim, Basel II programme director at DBS Bank in Singapore, talks to Ellen Davis about operational risk's complex relationship with both credit risk and market risk
The principles of distribution fitting
Mikhail Makarov examines some of the challenges around fitting distributions properly to op risk models for the advanced measurement approach
Supervisory clampdown
South Korea's financial regulator is cracking down on foreign dealers doing illegal onshore derivatives business, signalling it is taking a tighter grip on the securities market ahead of major rule changes due in 2009. Joe Marsh reports from Seoul
Cicada strengthens Mifid software
Cicada, a technology company, has updated its Composer software so that it will demonstrate best execution on client transactions, once the Markets in Financial Instruments Directive (Mifid) is introduced in November.