Feature
All Boxed Out
Special Report: Interest rates
Reporting for duty
Reporting
Time for a rethink
Foreign exchange
The blame game
Accounting
Losing lustre
Structured products
Systems failure
Risk management
A rumble in Mumbai
India
Sunk by correlation
Equity derivatives dealers faced a grim picture across global markets earlier this year, with steep rises in correlation and volatility together with a slump in dividend expectations decimating exotic books. How have dealers responded? By Mark Pengelly
Risk reallocation
The originate-and-distribute model offered a means for banks to offload credit risk from their balance sheets and distribute it to investors. But Andrew Haldane and Lewis Webber of the Bank of England argue this risk was often passed on to those least…
RBS Asset Management appoints O’Neill as head of distribution
RBS Asset Management, a subsidiary of the Royal Bank of Scotland Group Plc, has appointed Kate O’Neill as head of Distribution, a newly created position in which she will report to Philip Basil, chief executive of RBS Asset Management.
Marlborough incorporates range of actively-managed OEIC funds of ETFs
Marlborough Fund Managers (MFM) has incorporated a range of actively managed OEIC funds of exchange traded funds (ETFs) into its brand. The range was originally launched under the MFM iFunds brand and has been offered to private client portfolios for…
Abbey launches Capital Guaranteed products
Abbey has launched two capital guaranteed products including the third issue of its Guaranteed Capital Plus plan, linked to the FTSE 100 index. The three-and-a-half-year plan returns 18% if the FTSE 100 has risen by at least one point during the term, or…
BGI launches iShares ETFs with exposure to China and alternative energy
Barclays Global Investors (BGI) has launched four iShares exchange traded funds (ETFs) on the Nasdaq stock market. The iShares FTSE China (HK listed) Index Fund provides exposure to the China market by tracking the respective index, which comprises…
BNP Paribas takes two from Bear Stearns
BNP Paribas has scooped up two new hires from Bear Stearns. Andrew Miller and Adam Brodnicki have been appointed as directors in the French bank’s New York fixed income team, where they will be responsible for FX, rate and structured products for…
Morgan Stanley launches four more linked to property and Asia ex Japan
Morgan Stanley has launched another four capital protected plans linked to UK commercial property, Asia ex Japan and the FTSE 100 index. The 5.6-year UK Commercial Property Growth Plan 2 offers 100% participation in any increase of the IPD UK Annual…
Enter operational risk
Editor's blog
FDIC and FSA sign MOU on information exchange
Daily news headlines
UK issuers unveil inflation-busters
Barclays has reissued its Commodity Select protected investment, targeting UK investors looking for an inflation hedge. The re-issue follows consistent rises in the Consumer Price Index (CPI), the annual inflation of which rose 0.3% between April and May…
Careless talk
Editor's blog
FTSE and NYSE Euronext launch FTSE 100 volatility index
Index provider FTSE and NYSE Euronext have launched the FTSE 100 Volatility index which is designed to capture implied volatility embedded in the price of FTSE 100 options traded on Liffe, the derivatives trading arm of Euronext.
S&P launches Overseas China index
Index Provider Standard and Poor’s has launched the S&P Overseas China 10 Index, which is designed to provide exposure to 10 Chinese stocks available to foreign investors only through overseas listings. The index will be used as a basis for investable…
Numerix opens Hong Kong office
Pricing and risk analytics provider Numerix has opened a new regional office in Hong Kong in response to the growing derivative and structured products markets in China. The new operation will be led by Stephen Cheng, vice-president at Numerix, who will…
FTSE offers environmental opportunities
Index Provider FTSE has launched its Environmental All-Share Index, which is designed to provide broad environmental exposure by including companies which are involved in environmental technologies.
SocGen AM departees form new sales team at Caam
Credit Agricole Asset Management (Caam) has made two new structured products sales appointments within its institutional, corporate and distributors international division. Franck du Plessix has been hired for the new role of head of structured product…