Feature
BarCap debuts retail fund for Hong Kong
UK investment bank Barclays Capital has launched its first retail investment fund in Hong Kong. The Power Select Income Fund is an open-ended structured fund with exposure to 20 global stocks from the oil and gas, energy, utilities and basic materials…
US regulators outline rules on structured finance
Five US regulatory organisations have issued a statement of principles on dealing with the risks involved in complex structured financial products.
Project Boat selects business and technology partners
Project Boat selects Cinnober Financial Technology as technology provider and Markit Group Limited as business partner.
Emerging market debt more 'manageable', according to IIF
New types of securities, particularly derivatives, have contributed to making emerging market debt more “manageable” than ever before, according to the Washington-based Institute of International Finance.
Italian regulator to use CDS data
Interdealer broker GFI has started providing credit default swap (CDS) data to the Commissione Nazionale per le Società e la Borsa, the Italian securities market regulator (Consob)- possibly for market surveillance purposes.
Nvesta to be bought out this week
UK structured products provider Nvesta will be bought out later this week, sources tell SP Extra .
Abbey launches new range
UK bank Abbey has launched four new capital guaranteed structured deposit accounts. The new range includes products linked to commercial property, residential property, UK equities and Japanese equities.
FSA warns Mifid could increase market abuse and announces new financial crime division
The UK Financial Services Authority warns that Mifid could make it more difficult to monitor market abuse.
Lehman buys Grange Securities
Lehman Brothers has bought Australian investment bank Grange Securities. Lehman says it will not disclose the terms of the deal although it is thought to be close to US$100 dollars.
ABN Amro hires head of sales for Asia
Taylor Lu has joined ABN Amro in Hong Kong as head of equity derivative structured sales for Asia, a newly created position.
Bear Stearns reshuffles in Asia/US
Bear Stearns has made several management appointments in Japan. Leonard Feder, current Tokyo branch manager and head of fixed income and derivatives in Asia will relocate to New York as global head of structured equity trading.
Bank of Italy relaxes rules
The Bank of Italy will officially relax its rules on January 25, meaning that it will no longer require issuer notification to approve plain vanilla or structured debt securities offerings.
Canadian regulator expresses concern over PPN marketing
The Canadian Securities Administrators (CSA) – an umbrella organisation for Canada's provincial securities regulators – officially views principal protected notes (PPNs) linked to hedge funds as an “area of concern.” In fact “registrants selling PPNs may…
Robeco hires structured products veteran
James Ramsay has joined Robeco Investment Management, the US asset management arm of the Netherlands-based Robeco Group, as co-head of US fixed income. The other co-head if Daniel Vandivort.
FSA chief to step down
John Tiner, chief executive of the Financial Services Authority (FSA), has announced he will be stepping down this year after six years at the regulator, more than three of them as chief executive.
FTSE partners with TSE for Taiwan indexes
Index provider FTSE Group and the Taiwan Stock Exchange (TSE) have launched two new indexes, the TSEC Taiwan Eight Industries Index and the TSEC Taiwan Dividend Index. Both are tradable indexes, designed to act as the basis for funds, structured products…
UK FSA head to step down
John Tiner, chief executive of the UK Financial Services Authority (FSA), today said that he will step down in July.
Deal of the year
In this special report, Energy Risk takes a look at some of the most interesting and innovative deals conducted in the energy arena over the last few months
SG promotes equity derivatives head
Christophe Mianné, Paris-based global head of equity derivatives for SG CIB, has been promoted to deputy chief executive of the investment bank, reporting to Jean-Pierre Mustier, SG CIB chief executive.
US banks take their grievances to the White House
Citigroup, JP Morgan, Washington Mutual and Wachovia air their Basel II complaints to the National Economic Council.
MiFID Connect releases draft guidelines
MiFID Connect guides you through UK thinking on five MiFID issues.
Merrill Lynch wins Derivatives House of the Year
Merrill Lynch has won Risk magazine’s Derivatives House of the Year award for 2007. Meanwhile, this year’s Energy Derivatives House of the Year award goes to JP Morgan, which talks exclusively to Risk about its acquisition of Amaranth Advisors’ energy…
IIC launches bond indexes
Frankfurt-based International Index Company (IIC) has launched the iBoxx Euro High Yield Index Family. The indexes provide benchmarks for the sub-investment grade fixed income market for euro-denominated corporate bonds. They can also be used as…
Credit Suisse plugs private equity
Credit Suisse has launched a range of alternative investment products, dubbed AI3, offering investors exposure to private equity investments in combination with a diversified hedge fund portfolio.