Feature
Tranches of trepidation
Correlation
Default dilemmas
Basel II
Saving for a rainy day
Liquidity Risk
A growing gap
More and more dealers are entering the hedge fund derivatives market, and ever more complex structures are being launched. But while the fund-linked derivatives market has grown strongly, there is little consensus on the best way to manage the risks…
Rate steepeners rise again
CMS spreads
Commission publishes clarification Mifid best execution
European Commission finally responses to CESR's best execution questions
EU sues 24 member states over trading rules
McCreevy cracks the whip on EU states that have missed the Mifid transposition deadline.
European Parliament publishes consolidated text of PSD
PSD final text published
RBS hires in structured credit for Nordics
The Royal Bank of Scotland (RBS) has hired Soren Hyldgaard as head of debt markets financial institutions sales for the Nordic region. Soren will report to Al Sinsheimer, head of debt markets financial institutions sales.
Credit Suisse hires in equity derivatives
Credit Suisse has announced a number of hires in its equity derivatives business.
JP Morgan and Diapason launch new commodities index
JP Morgan and commodity asset management firm Diapason Commodities Management have launched the Diapason Commodity Rotator. The index is available as either an excess return or a total cash return index, allowing investors to take advantage of…
EU finance ministers call for hedge fund transparency
Rapid growth of hedge funds leads politicians to call for tighter rules and more transparency.
European Parliament approves PSD
PSD approved, SEPA on track
S&P launches GCC Sharia Index
Standard & Poor’s (S&P) has launched a fully investable GCC Sharia Index. The S&P GCC Sharia Series captures the largest and most liquid stocks across the GCC. S&P says it will pave the way for the creation of mutual funds, ETFs and structured products…
China has top growth potential for Asian wealth, says BarCap
China is viewed as having the highest growth potential of any wealth management market in Asia during the next two years, followed by India, according to Barclays Capital’s annual industry survey, published on April 23. And many high net worth…
UBS launches Global Warming Index
UBS Investment Bank has launched the UBS Global Warming Index (UBS-GWI). The UBS-GWI is a tradable benchmark for global investments in the weather derivatives market. It is constructed using liquid, actively traded Heating Degree Day (HDD) and Cooling…
FSA fines Sesame for complaints handling failures
The UK’s Financial Services Authority (FSA) has fined Oxford-based IFA network Sesame £330,000 for failing to treat its customers fairly by not handling complaints concerning Structured Capital At Risk Products (SCARPs) adequately.
FSA sets out the future of principles-based regulation
FSA out with paper setting out its current thinking on its move towards a more-principles-based regulatory regime.
Isda AGM: Industry associations publish principles for retail structured products
Five leading trade associations released a draft set of principles governing structured products for retail investors at the International Swaps and Derivatives Association’s annual general meeting in Boston last week.
Meteor launches Galaxy Protected Commodities Plan in the UK
Meteor Asset Management, a specialist structured products provider in the UK, has launched a four-year protected investment plan linked to a basket of eight equally weighted commodities: aluminium, brent crude, copper, lead, natural gas, nickel, WTI…
Issuance of ETFs on the up, says HKSFC
The number of exchange-traded funds (ETFs) authorised by the Securities and Futures Comission (SFC), Hong Kong’s financial watchdog, has substantially increased. This includes the recent approval of six ETFs, which include the first ETF that tracks an…
Isda AGM: Post-trade processing improves
Post-trade processing of derivatives transactions continues to progress, according to preliminary results of the International Swaps and Derivatives Association’s operations and benchmarking survey. The survey is expected to be published in the coming…
Hometrack outlines who wins most from Basel II
Taking the advanced approach is best for large retail mortgage lenders.
Isda AGM: Trichet calls for more transparency
Greater transparency is needed in the credit derivatives market to allow risk managers to understand the size, distribution and concentration of risks accumulated by participants, according to Jean-Claude Trichet, president of the European Central Bank.