Feature
Maybank offers hybrid deposit product in Malaysia
Maybank in Malaysia has launched a capital protected structured deposit product. The AsiaPac Hybrid Capital Protected offers 100% capital protection and a minimum 8% guaranteed return upon maturity.
CEBS approves financial reporting amendments
The Committee of European Banking Supervisors (CEBS) has updated its guidelines on financial reporting.
Cayman Islands takes staged approach to Basel II
The Cayman Islands Monetary Authority (CIMA) has said it will introduce Basel II in stages, following an impact study conducted by financial services company PricewaterhouseCoopers.
Saudi central bank governor expects banks to be ready for Basel II
Hamad Al-Sayari, governor of the Saudi Arabian Monetary Agency (SAMA), said the jurisdiction’s financial institutions can meet the challenge of Basel II implementation at the start of next year.
Swedish central bank head wants EU cross-border banking regulator
Stefan Ingves, governor of the Sveriges Riksbank, said he would like to see a supranational regulator for the major cross-border banks in Europe.
Risk management and stability better under Basel II, but industry unprepared
Basel II will improve risk management and stabilise the banking system, but almost half the industry is not sure they will be ready in time.
FSA recommends practices for managing compliance risk
The Financial Services Authority (FSA), which regulates the UK’s financial services industry, has published a set of good practices for managing compliance risks of investment banks.
JP Morgan hires retail structured products coordinator in Asia
JP Morgan has hired Paul Goodman from Deutsche Asset Management in Hong Kong as head of a newly formed coordinator of complaince for its retail structured product and equity derivatives group. Goodman reports to William Lee, head of equity derivatives…
BNP Paribas boosts commodity derivatives team
BNP Paribas has made a number of hires to boost its commodity derivatives team in London and New York. London-based Jose Cogolludo, who joined from JP Morgan last week, is now BNP Paribas’s global head of sales and marketing for commodity derivatives.
Merrill Lynch launches temperature linked certificate
Merrill Lynch has launched a two-year, euro-denominated certificate that offers an annual return based on the average temperature in Roma-Ciampino, Italy.
Barclays Stockbrokers launches equity-linked note
Barclays Stockbrokers has launched a five-year capital protected structured note linked to a basket of 10 global financial companies. The Global Financial Services Investment Note offers investors 160% of any rise in the performance of the basket.
Bank of Albania head plans to strengthen supervision
Ardian Fullani, governor of the Bank of Albania, said that regulation would remain a priority.
S&P releases Pillar 3 guidance
Standard & Poor’s guidance aims to promote sound market discipline
FSA and Treasury publish plans for UK covered-bonds framework
The Financial Services Authority, which regulates the banking industry in the UK, and the Treasury have published plans for a legislative framework for covered bonds.
ISDA Appoint Deputy CEO
The International Swaps and Derivatives Association (Isda) has appointed George Handjinicolaou as deputy CEO and regional director for Europe, the Middle East and Africa (Emea).
Bank of Ireland launches offshore global growth bond
The Bank of Ireland and its branch, Guernsey-based Bristol & West International, has launched the Global Growth Bond.
Basel II obligations force Central Bank of India to expand
The Central Bank of India, a commercial bank, is to open 100 new branches to ensure it meets the Basel II norms.
US finally reaches compromise on Basel II
Basel 1A dropped and advanced approaches to be consistent with international standards
CEIOPS responds to EU retail green paper
The Committee of European Insurance and Occupational Pensions Supervisors has published its feedback on the Commission’s green paper on retail financial services in the single market.
CESR launches consumer survey
The Committee of European Securities Regulators (CESR) wants to know what the market thinks about its work over the past six years.
RBS appoints Structured Product head for Asia-Pacific
Stanley Ng has been appointed managing director, head of Structured Investor Product Development and Marketing, Asia-Pacific for Royal Bank of Scotland (RBS).
SG launches SGI Global Security Index
Société Générale has launched the SGI Global Security Index, based on the global security sector.
British bankers want regulation debate
Angela Knight, cheif executive of the British Bankers’ Association, said the UK needs a comprehensive review of credit and services regulation.
CEBS publishes survey on options and national discretions
The Committee of European Banking Supervisors’ survey is part of the EU Commission’s call for advice on the exercise of options and national discretions.