Feature
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.
Credit Suisse sells $190 million of CCO notes
Credit Suisse has completed its inaugural global issuance of US$190 million AAA-rated collateralised commodity obligations (CCO) notes. The notes are denominated in US dollar, Euro and Australian dollar, across three and five-year tranches.
DWS launches closed-ended structured funds in India
DWS Investments (DWS), the retail mutual fund arm of Deutsche Bank, has launched the first in a series of structured and capital protected products targeting investors in India. The DWS Capital Protection Oriented Fund is distributed through Deutsche…
ABA raises SOX concerns with Congress
Congress hears more SOX greivances
NPR brings gloom for US banks
Basel II notice of rulemaking (NPR) responses vary widely on the best approach.
CESR out with GAAP/IFRS CP
CESR consultation paper out to determine whether the GAAP of non-EU countries are equivalent to IFRS.
JP Morgan signs up Deutsche Börse for nuclear custom index
Deutsche Börse has expanded its customised index range offering a World Nuclear Power Index for JPMorgan. The index will be offered exclusively by JPMorgan as an underlying for a range of structured products.
Mifid will lead to a risk-based approach to client communications, says club
Asset-management firms will spend more time focusing on products and communications that present the greatest risk.
Small firms are ignoring compliance advice, says FSA
Compliance advice ignored by smaller firms.
European Commission speech on EU/US regulatory dialogue
More EU/US coordination on regulation needed, says Holmquist
Merrill Lynch offers second retail credit-linked note in Singapore
Merrill Lynch is currently offering a credit-linked retail structured note in Singapore - its second such offering for the country. The Jubilee Series 3 LinkEarner Notes are credit-linked to five subordinated or senior unsecured obligations of reference…
JP Morgan launches Yield Alpha 8 outperformance certificate in Germany
JP Morgan has launched an outperformance certificate based on the Yield Alpha 8 strategy in Germany. The two-year certificate offers a participation rate of 180% in the Yield Alpha 8 Index, which uses a multi-asset trading strategy that aims to return 8%…
Commission publishes updated FSAP implementation table
Updated FSAP table available online
Hedge funds back under attack
A group of socialist MEPs calls on the European Commission to take action on hedge-fund regulation
Financial data market will be hit by Mifid, says CEPS chief
Chief executive at CEPS argues that the implementation of the Mifid will have a significant impact on the financial market data business.