Feature
Lyxor gains licence to operate in Japan
Lyxor Asset Management, Société Générale’s wholly owned subsidiary, has obtained a licence from Japan’s Financial Services Agency to conduct investment trust management services in Japan.
Fed governor says hedge funds present systemic danger
Kevin Warsh, a governor at the US Federal Reserve, said hedge fund losses could threaten the finance industry.
US Fed chief stresses need for speed on Basel II
Randall Kroszner, a governor at the US Federal Reserve, said he wants to get Basel II implemented fast.
CEBS calls for advice
The Committee of European Banking Supervisors (CEBS) has made three calls for technical advice.
Hedge funds "pose systemic risk," says US Treasury
Steele reveals new guidelines to mitigate threat
Trio of vendors spearheading Basel credit risk work
SAS, SunGard, Algo lauded by Chartis
ABN creates to meet environmental demand
ABN Amro has launched Sustainable Eco (Seco) notes and swaps linked to the Kenmar Global Eco Fund (KGEF). The structured products are aimed at institutional investors looking for exposure to Socially Responsible Investments (SRI) and Environmental,…
Income for EM carry trades
JPMorgan has launched IncomeEM, targeting opportunities from carry trades in emerging foreign exchange markets, and which it will sell to institutional and high net worth investors in the form of structured products.
Australia makes Basel II securitisation changes
The Australian Prudential Regulation Authority (APRA), the financial industry’s supervisor, has published its proposals for Basel II-compliant securitisation rules.
Insurance industry’s Basel II released
The EU Commission has published its proposal for Solvency II, a regulatory framework for the insurance industry that uses Basel II’s three-pillar structure.
CEIOPS reviews financial stability of the insurance market
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), which aids the implementation of the EU’s insurance rules, has published its report on financial conditions and stability in the industry.
Investors to lose $52 billion on subprime, says Credit Suisse
Losses on bonds backed by US subprime mortgages could reach $52 billion, according to Credit Suisse.
Euronext reports SP and ETF increase
Euronext has reported a year-on-year increase of 32.8% for average daily Structured Product transactions, include warrants and certificates. The increase in exchange-traded funds transacted on the Euronext exchange was 113.4%.
Meteor Launches Galaxy Protected Commodities Plan 2
Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched a second version of the Galaxy Protected Commodities Plan 2.
Deutsche Börse calculates DAXplus strategy indexes for more countries
Deutsche Börse has launched four new DAXplus strategy indexes for Japan, the US, Switzerland and France. The indexes, dubbed DAXplus Minimum Variance and DAXplus Maximum Sharpe Ratio, are rule-based and track passive risk/return-optimised investment…
Deutsche Bank Launches Nine New ETFs
Deutsche Bank subsidiary, db x-trackers, has launched nine new exchange traded funds (ETFs) based largely on emerging markets indexes.
BGI launches first Clean Energy ETF to list in Europe
Barclays Global Investors (BGI) has launched three new iShares on the London Stock Exchange (LSE) including the first clean energy ETF to list in Europe.
BIS publishes paper on financial stability and currency bonds
The Bank for International Settlements (BIS) has released its report on Financial stability and local currency bond markets.
Indian Bank looks to sell state stake in time for Basel II
The Industrial Development Bank of India (IDBI), one of India’s largest private banks, is trying to offload its holdings in state finance corporations, before Basel II is introduced in 2008.
Basel II “doubly flawed”, according to UK researcher
Basel II is “doubly flawed” in comparison with Basel I, because external credit rating agencies and in-house models are used to set risk weights.
United Taiwan Bank chooses Basel II software
United Taiwan Bank will use Financial Architects’ Financial Studio platform to ensure compliance with Basel II.
Basel IA to attract large US regional banks
Improvised rule to miss national and local banks, say report