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European Commission out with draft M&A directive
European Commission out with text of the draft directive on supervisory consents for mergers and acquisitions
SSE to promote equity-linked structured products
The Shanghai Stock Exchange (SSE) is to promote the development of structured products such as covered warrants in 2007. According to a statement issued by the exchange, promoting the listing of innovative financial products is one of the nine tasks that…
S&P launches private equity index
Standard & Poor’s (S&P) has launched of the S&P Listed Private Equity Index, an investable index which provides tradeable exposure to a selection of the world’s largest and most liquid publicly listed companies that invest or operate in the private…
UBS Wealth Management opts for Deutsche structuring services
Deutsche Bank Securities has been selected as the first third-party provider of structured products to UBS Wealth Management in the US. Under the agreement, investors can access certain Deutsche Bank co-developed structured products through UBS Wealth…
New Hong Kong offering from Barclays
UK investment bank Barclays Capital has launched its second retail investment fund in Hong Kong. The Financial Select Income Fund guarantees investors quarterly dividends in the first year totally 10% while also limiting downside risk.
SOX opposition continues
Three congressmen are reintroducing COMPETE bill to exempt small businesses from 404 requirements.
HKMA publishes new return of capital adequacy requirements
Following the passage of the Banking (Capital) Rules in December 2006, the Hong Kong Monetary Authority (HKMA) has finalised the new return of capital adequacy requirements and its completion instructions.
Shedding shackles
The expected approval of new financial rules in Korea in the coming months should liberate the country's financial markets and bolster financial efficiency. But domestic banks are far from happy.
Under the yoke
The Reserve Bank of India released its long-awaited draft derivatives regulations in early December. But far from opening the market up to a wider universe of products, dealers complain the derivatives market has been reined back in.
Singapore stakes its claim
The lion city is pushing for a slice of the fast growing Islamic finance market - a move that may put it on a collision course with its more established peers, notably Malaysia.
Reddy appointed chairman of BIS ACC
Yaga Reddy has been appointed chairman of the BIS Asian Consultative Council
Lebanon & Gulf Bank opts for Misys for Basel II compliance, asset liability management and AML
Lebanon & Gulf Bank selects Misys Almonde to comply with Basel II regulatory requirements and fulfil its Asset Liability Management requirements.
EU Commission publishes implementing measures for the Transparency Directive
Transparency Directive published in the Official Journal of the European Commission
Indian banks are ramping up risk management systems, says survey
A survey conducted by Oracle India, i-flex solutions and the Indian Banks Association (IBA) has revealed that a majority of Indian banks plan to build comprehensive risk management systems while progressing with their Basel II compliance initiatives.
Reuters launches new Mifid package
Reuters has launched a package of measures to help clients to comply with Mifid.
CESR out with GAAP-IFRS convergence report
CESR out with report on work programmes of the Canadian, Japanese and US standard setters, the definition of equivalence and the list of third-country GAAPs currently used on the EU Capital Markets
Abbey launches UK secured equity plan
Uk bank Abbey has launched a capital secured UK Equity Investment Plan to complement its continuously available capital guaranteed bonds linked to the FTSE 100, Nikkei 225 and property indexes.
SG CIB offers protected energy fund for UK
Société Générale Corporate & Investment Banking (SGCIB) has launched the New Energy Protected Fund, the second UK OEIC (Open Ended Investment Company) of the Adequity range designed for UK wealth managers. The 100% capital protected six-year product is…
CESR publishes responses to transaction reporting CP
CESR publishes responses to its consultation paper on transaction reporting under Mifid
SG promotes internally for mutual funds
French investment bank SG CIB has promoted Romain d'Hébrail to head of marketing for mutual fund derivatives, based in Paris.
Frontier Alt teams up with ONIC
Canada’s Frontier Alt, a manufacturer and distributor of structured products in North America, has entered a new strategic partnership with Oman National Investment Corporation (ONIC). The partnership aims to provide domestic and global growth…
Amex promotes in structured products
The American Stock Exchange (Amex) has promoted Cliff Weber to executive vice president of development and strategy.
Perpetual launches capital protected product for retail
Australian fund manager, Perpetual, has launched a capital protected structured product that delivers exposure to the upside growth potential of a basket of diversified managed funds. The Perpetual Protected Investments – Series 1 is the first product…
EBF responds to CESR call for evidence on non-equities markets transparency
EBF sees fundamental flaw in non-equities market transparency under Mifid.