Feature
Scotia Capital retail head takes seat at Gold World Resources
Scotia Capital’s head of retail structured products, Brian McChesney, has taken a seat on the board of Gold World Resources, a Canadian resource company focusing on China.
Dutch regulator to voice concerns next month
Dutch financial regulator, Autoriteit Financiële Markten (AFM), will release the findings of its study into the structured retail products market next month. “There are both reasons to be enthusiastic about the Dutch market and … there reasons to worry…
Nvesta deal delayed
The sale of UK structured products provider Nvesta has been delayed. An announcement was due on January 25 but the deal "has had to be deferred due to the lawyers input", according to a spokesman.
Microsoft and partners to offer “Mix and Match” Mifid solutions
Microsoft and its partners have launched a new package of solutions to help firms comply with the main challenges of the Markets in Financial Instruments Directive (Mifid).
Quadrant announces S2 Initiative for Solvency II
UK Risk Management House Quadrant Risk Management has announced that it is building S2
Energy dominates State of the Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
Energy dominates Union address
President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
FTSE and Bursa Malaysia launch new sharia index
Index provider FTSE and Malaysia’s stock exchange Bursa Malaysia Berhad (Bursa Malaysia) have launched the FTSE Bursa Malaysia EMAS Sharia Index. The index, designed to provide a broad benchmark for sharia-compliant investment for the Malaysian market,…
BarCap debuts retail fund for Hong Kong
UK investment bank Barclays Capital has launched its first retail investment fund in Hong Kong. The Power Select Income Fund is an open-ended structured fund with exposure to 20 global stocks from the oil and gas, energy, utilities and basic materials…
US regulators outline rules on structured finance
Five US regulatory organisations have issued a statement of principles on dealing with the risks involved in complex structured financial products.
Project Boat selects business and technology partners
Project Boat selects Cinnober Financial Technology as technology provider and Markit Group Limited as business partner.
Emerging market debt more 'manageable', according to IIF
New types of securities, particularly derivatives, have contributed to making emerging market debt more “manageable” than ever before, according to the Washington-based Institute of International Finance.
Italian regulator to use CDS data
Interdealer broker GFI has started providing credit default swap (CDS) data to the Commissione Nazionale per le Società e la Borsa, the Italian securities market regulator (Consob)- possibly for market surveillance purposes.
Nvesta to be bought out this week
UK structured products provider Nvesta will be bought out later this week, sources tell SP Extra .
Abbey launches new range
UK bank Abbey has launched four new capital guaranteed structured deposit accounts. The new range includes products linked to commercial property, residential property, UK equities and Japanese equities.
FSA warns Mifid could increase market abuse and announces new financial crime division
The UK Financial Services Authority warns that Mifid could make it more difficult to monitor market abuse.
Lehman buys Grange Securities
Lehman Brothers has bought Australian investment bank Grange Securities. Lehman says it will not disclose the terms of the deal although it is thought to be close to US$100 dollars.
ABN Amro hires head of sales for Asia
Taylor Lu has joined ABN Amro in Hong Kong as head of equity derivative structured sales for Asia, a newly created position.
Bear Stearns reshuffles in Asia/US
Bear Stearns has made several management appointments in Japan. Leonard Feder, current Tokyo branch manager and head of fixed income and derivatives in Asia will relocate to New York as global head of structured equity trading.
Bank of Italy relaxes rules
The Bank of Italy will officially relax its rules on January 25, meaning that it will no longer require issuer notification to approve plain vanilla or structured debt securities offerings.
Canadian regulator expresses concern over PPN marketing
The Canadian Securities Administrators (CSA) – an umbrella organisation for Canada's provincial securities regulators – officially views principal protected notes (PPNs) linked to hedge funds as an “area of concern.” In fact “registrants selling PPNs may…
Robeco hires structured products veteran
James Ramsay has joined Robeco Investment Management, the US asset management arm of the Netherlands-based Robeco Group, as co-head of US fixed income. The other co-head if Daniel Vandivort.
FSA chief to step down
John Tiner, chief executive of the Financial Services Authority (FSA), has announced he will be stepping down this year after six years at the regulator, more than three of them as chief executive.
FTSE partners with TSE for Taiwan indexes
Index provider FTSE Group and the Taiwan Stock Exchange (TSE) have launched two new indexes, the TSEC Taiwan Eight Industries Index and the TSEC Taiwan Dividend Index. Both are tradable indexes, designed to act as the basis for funds, structured products…