Feature
JP Morgan recommends changes to Basel II NPR
JP Morgan Chase has set out to US regulators what it considers to be the main operational concerns over the interagency notice of proposed rulemaking (NPR) to implement a new risk-based capital framework based on Basel II.
New Mifid trade body established
LIBA, AFEI, ASSOSIM and SSDA set up new trade body as a forum for European regulatory changes.
German implementation of Mifid
Germany unlikley to meet Mifid November deadline.
Fortis Investments opens Hong Kong office
Fortis Investments has opened a new office in the Fortis Bank Tower in Hong Kong. The CEO of the office is Mark te Riele, who has relocated to Hong Kong after a successful term in Fortis Investments’ Jakarta office. The office will initially employ nine…
New partners at Morrison & Foerster
US law firm Morrison & Foerster has appointed two new partners to join its London Capital Markets Group. Peter Green and Jeremy Jennings-Mares both join from rival law firm Freshfields Bruckhaus Deringer.
Mayer, Brown, Rowe & Maw hires derivatives partner
Law firm Mayer, Brown, Rowe & Maw LLP has appointed a new derivatives and structured securities specialist. Edmund Parker joins the firm as a partner in its London Finance Group.
UBS expands in Asia, Middle East and Africa
Swiss banking group UBS is forming a “strategic alliance” with Standard Chartered Bank for fund distribution in Asia, the Middle East and Africa. Although the scope of the agreement has yet to be finalised, it is envisaged that it will give Standard…
S&P looks at PD estimation in a Basel II environment
New S&P report states that there is a negative relationship between probability of default and speculative-grade post-default recovery values.
Celent publishes new Mifid impact study
Post-trade reporting and market data provisions will be the first areas affected by Mifid, says Celent.
FSA out with final transposition of Mifid
The FSA has published a Policy Statement and Handbook text that finalises its transposition of Mifid for FSA-regulated firms
Industry offers comment on market risk NPR
Four industry bodies have issued a joint letter commenting on the supervisory agencies’ notice of proposed rulemaking on market risk.
FSA’s Waters points to confusion over Mifid and UCITS interplay
Mifid and the UCITS Directive create uncertainty as to their interplay in practice.
FIM establishes alternative investment unit
Finnish structured products provider FIM has establsihed a new business, FIM Alternative Investments. The unit’s products, which cater for both institutional and private investors, include capital protected structured products, as well as hedge funds and…
Amex prepares for demutualisation; appoints Morgan Stanley
The American Stock Exchange (Amex) has formally signaled its plans to demutalise by appointing Morgan Stanley to advise it on the preparation and execution of a demutualisation plan.
Malaysia’s CIMB launches first Islamic structured product
CIMB Islamic Bank has launched what it claims to be the first Islamic equity-linked structured product in Malaysia. The 100% capital protected sharia-compliant product, Islamic All-Stars Global Restricted Mudharabah Structured Investment-i (Islamic All…
Cantor Fitzgerald creates structured products team
US broker Cantor Fitzgerald has established a structured products team. The structured products group now sits within the Debt Capital Markets division at Cantor.
Scotia Capital retail head takes seat at Gold World Resources
Scotia Capital’s head of retail structured products, Brian McChesney, has taken a seat on the board of Gold World Resources, a Canadian resource company focusing on China.
Dutch regulator to voice concerns next month
Dutch financial regulator, Autoriteit Financiële Markten (AFM), will release the findings of its study into the structured retail products market next month. “There are both reasons to be enthusiastic about the Dutch market and … there reasons to worry…
Nvesta deal delayed
The sale of UK structured products provider Nvesta has been delayed. An announcement was due on January 25 but the deal "has had to be deferred due to the lawyers input", according to a spokesman.
Microsoft and partners to offer “Mix and Match” Mifid solutions
Microsoft and its partners have launched a new package of solutions to help firms comply with the main challenges of the Markets in Financial Instruments Directive (Mifid).
Quadrant announces S2 Initiative for Solvency II
UK Risk Management House Quadrant Risk Management has announced that it is building S2
Energy dominates State of the Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
Energy dominates Union address
President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
FTSE and Bursa Malaysia launch new sharia index
Index provider FTSE and Malaysia’s stock exchange Bursa Malaysia Berhad (Bursa Malaysia) have launched the FTSE Bursa Malaysia EMAS Sharia Index. The index, designed to provide a broad benchmark for sharia-compliant investment for the Malaysian market,…