Feature
Australia suggests new guidance for AMA for operational risk
Apra has published its response to industry submissions to its approach to AMA for operational risk.
CONFERENCE NEWS: Italian regulator issues warning
Italian structured products professionals are duty bound to provide complete product analysis if they want their products to be approved by regulators. That was the message delivered by Marcello Minenna, enforcement officer with Italy's structured…
Barclays Investment Notes commence trading on LSE
Barclays Investment Notes started trading on the London Stock Exchange (LSE) today. The structured products were launched to investors last month at the start of a three week book building period.
Lehman Brothers' AIM president jumps ship for Credit Suisse
John Kremer, formerly president of Lehman Brothers Alternative Investment Management, has joined Credit Suisse as head of European institutional distribution for asset management activities. In this new role, Kremer will be responsible for relationship…
National Bank of Fujairah launches private equity product
United Arab Emirates-based National Bank of Fujairah today launched a private equity product aimed at investors seeking medium term asset diversification.
Merrill Lynch launches its first retail structured note in Singapore
Merrill Lynch has launched its first equity-linked structured note for the retail market in Singapore. The Citrine Giant Booster Notes, provide investors with a fixed coupon linked to the performance of a basket of eight global blue chips.
FSA releases quarterly consultation paper
The FSA’s quarterly consultation paper has set out proposed minor changes to the Handbook, including changes to the glossary.
Russell hires Pritchett-Brown for European focus
Russell Investment Group has hired Benjamin Pritchett-Brown as head of European sales. Based in London, Pritchett-Brown is the first Russell associate dedicated solely to growing the US company’s index business in Europe.
ABN Amro markets retail structured notes in North America
Dutch bank ABN Amro has launched an advertising campaign in North America to market retail structured notes. S-Notes include three types of structured notes: principal protected notes, higher yield notes and out-performance notes. The campaign is aimed…
Commerzbank to list warrants on NDX
Commerzbank, one of Germany´s leading issuers of structured products, has signed membership agreement for becoming an issuer on the Nordic Derivatives Exchange (NDX).
In brief: FSA publishes fact sheet on passporting
The UK’s FSA has issued details about passporting in and out under the Prospectus Directive
Barclays Capital launches online bookbuilding for structured products
UK investment bank Barclays Capital has launched a multi-asset class bookbuilding facility for its BARX for Investor Solutions trading platform.
Bear Stearns creates co-head of equities roles
Bear Stearns has made Nicolo Brandolini d'Adda and Vincent Van Pelt London-based co-heads of equities in Europe, encompassing cash equities, structured equities and prime brokerage.
Lyxor launches HSCEI Index-linked guaranteed fund in Hong Kong
Lyxor Asset Management, a subsidiary of French bank SG, has launched the Lyxor Absolute China Guaranteed Fund. The 100% capital guaranteed fund’s performance is linked to the absolute performance of the Hang Seng China Enterprises Index (HSCEI). The…
ABN Amro hires leading marketers for New York
ABN Amro’s US efforts were turbocharged overnight this week firm announced it had brought in Incapital’s Charlie O’Flaherty and Brian Jones to co-head the New York-based structured products desk.
Rabobank hires global head of structuring
Rabobank has hired Alan Shaffran as its global head of structuring within its Global Financial Markets business.
BIS: debt now bigger problem than inflation
4 October - The main structural threat to global economic growth is no longer runaway inflation, but a slower rebalancing of excess debt, according to a working paper released by the Bank for International Settlements (BIS).
BancWare Gets Support for Sox
NEW YORK—SunGard last week released an updated version of its BancWare risk management platform that is intended to help comply with sections of the U.S. Sarbanes-Oxley Act (Sox).
Nine Banks Organize to Build Mifid Utility
LONDON—Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) market structure reforms.
EU must lead global effort to integrate financial markets, says EC commissioner
Mifid and the EU’s clearing and settlement policies will play a vital role in achieving integrated global financial markets, according to a top regulator.
European regulators state concern over supervisory review process for mergers and acquisitions
CEBS, CESR and CEIOPS’ letter to the EC outline problems with the current draft of cross-border consolidation proposals.
Final guidance on Pillar II process for interest rate risk published.
CEBS has issued final technical guidance for supervisory review process for interest rate risk in the banking book.
Rising interest rates undermine retail notes in Hong Kong, says SFC
Rising interest rates may have dampened investors' appetite for retail structured notes, causing the market to shrink, according to a report by Hong Kong’s Securities & Futures Commission (SFC), the territory’s securities industry watchdog.