Feature
Hedge funds set to benefit from Reuters software
Reuters is releasing a platform that allows hedge fund managers to access their real-time risk positions.
Fed holds hearing on mortgage regulation
The US Federal Reserve Board is discussing how it can better protect the mortgage market in light of recent difficulties in the industry.
Governance, Risk & Compliance
OpRisk & Compliance magazine is conducting its monthly survey on key issues within risk management and compliance. This month's topic is Governance, Risk & Compliance.
UBS hires equity derivatives sales from RBC
UBS in Canada has hired Allan Maclean-Howard as head of Canada equity derivatives sales. Maclean-Howard is based in Toronto and will be responsible for marketing all global equity underlying structured products to Canadian clients as well as promoting…
Fed calls for consumer advisory board candidates
The US Federal Reserve has asked the public to nominate 10 new members for the Consumer Advisory Council.
CEBS consultation on commodities businesses reveals risk areas
A consultation by a group of EU banking supervisors on issues arising from trade in commodities has identified market, operational, legal and liquidity risk as possible problem areas.
Basel II forces more hedge-fund transparency in Japan
The hedge fund industry is disclosing strategy in a bid to appeal to Japanese investors scared off by Basel II regulation, according to an official at Japan’s Financial Services Authority (FSA).
CEBS discusses objectives of large exposure regulation
The Committee of European Banking Supervisors (CEBS), which comprises various heads of central banks and senior regulators across the EU, has said counterparty credit quality should not matter when assessing the level of risk involved in large exposures.
Boston Fed regulation chief promoted
Eric Rosengren is the new president and chief executive of the Federal Reserve Bank of Boston.
Arc Capital and Income Launches Bull and Bear Tracker Plan 2
UK-based distributor Arc Capital and Income, the new structured product division of Arc Fund Management Holdings, has launched a second version of its Bear and Bull Tracker, dubbed Bull and Bear Tracker Plan 2.
HSBC links to S&P CTI
HSBC has launched a range of investment products linked to the Standard & Poor’s Commodity Trends Indicator (S&P CTI), an index that delivers long and short exposure to commodity markets. The products, available to both institutional and retail…
Firms find Mifid’s best execution tough to digest
The Financial Services Discussion Club, the mid-tier special interest group involved with the EU's Markets in Financial Instruments Directive (Mifid) , has found that best-execution requirements contained in the Directive are the “biggest piece of work”.
Allianz picks credit valuation provider
Allianz SE has chosen Moody’s KMV to provide credit valuation tools. Products the firm has selected include RiskFrontier, a portfolio-management solution, that will help it to analyse the effect of collateralised debt obligation tranches in its…
CESR examines prospectus directive
The Committee of European Securities Regulators (CESR), a group examining the regulation of EU securities industry, has published a review of the Prospectus Directive.
Geithner provides policy advice for Asia
Asia needs to build stronger institutions, in particular central banks that have institutionalised independence from governments, said Timothy Geithner, president and chief executive of the Federal Reserve Bank of New York.
Software company makes Basel programme sharia-compliant
Quadrant, a software company, will extend its Basel II Pillar 1 compliance package to cover sharia.
SunGard extends Margin Advisor product
European and US financial institutions will be able to use SunGard’s Margin Advisor solution for real-time monitoring of cross-asset credit and margin risk. This marks an expansion from its current uses, which are in supporting US Reg T and portfolio…
ECB chief stresses importance of Lamfalussy process
Jean-Claude Trichet, president of the European Central Bank (ECB), said the Lamfalussy process should be used as much as possible to meet the challenges of increasing regulatory integration.
S&P to calculate bank risk capital
Credit rating agency Standard & Poor’s (S&P) is said to be planning to evaluate the risk capital set aside by banks from January 1, 2008.
EU launches public consultation on Credit Institutions Directive
The European Union has announced that it is inviting stakeholders to comment on the Directive on reorganisation and winding-up of credit institutions (2001/24/EC) , with a deadline of September 30. The EU wants to ensure the Directive is completely…
DIB offers sharia-compliant note linked to fund of hedge funds
Dubai Islamic Bank (DIB) has launched a five-year capital protected note issued by Deutsche Bank. The note, linked to the DB-GSAM ALPS Index, tracks the performance of a customised fund of hedge funds managed by Goldman Sachs Asset Management.
JP Morgan and Deutsche Börse to launch Next-11 index
JP Morgan says it is working with Deutsche Börse to develop an index comprised of equities from seven out of the eleven countries that are generally considered to be the next promising emerging markets. The DAXglobal Next-11 Index will be offered…
Deloitte weighs up FSA's work on principles-based regulation
Deloitte has published a paper assessing the work of the UK Financial Services Authority (FSA) to move towards principles-based regulation, in which it argues that while the organisation is committed to change and understands the nature of the challenge…
CESR carries out survey on auditing standards
The Committee of European Securities Regulators (CESR) is looking afresh at auditing standards. In a new survey, it looks at the direct communication of auditors with the public, in particular shareholders and potential investors, on their statutory…