Feature
Euronext reports SP and ETF increase
Euronext has reported a year-on-year increase of 32.8% for average daily Structured Product transactions, include warrants and certificates. The increase in exchange-traded funds transacted on the Euronext exchange was 113.4%.
Meteor Launches Galaxy Protected Commodities Plan 2
Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched a second version of the Galaxy Protected Commodities Plan 2.
Deutsche Börse calculates DAXplus strategy indexes for more countries
Deutsche Börse has launched four new DAXplus strategy indexes for Japan, the US, Switzerland and France. The indexes, dubbed DAXplus Minimum Variance and DAXplus Maximum Sharpe Ratio, are rule-based and track passive risk/return-optimised investment…
Deutsche Bank Launches Nine New ETFs
Deutsche Bank subsidiary, db x-trackers, has launched nine new exchange traded funds (ETFs) based largely on emerging markets indexes.
BGI launches first Clean Energy ETF to list in Europe
Barclays Global Investors (BGI) has launched three new iShares on the London Stock Exchange (LSE) including the first clean energy ETF to list in Europe.
BIS publishes paper on financial stability and currency bonds
The Bank for International Settlements (BIS) has released its report on Financial stability and local currency bond markets.
Indian Bank looks to sell state stake in time for Basel II
The Industrial Development Bank of India (IDBI), one of India’s largest private banks, is trying to offload its holdings in state finance corporations, before Basel II is introduced in 2008.
Basel II “doubly flawed”, according to UK researcher
Basel II is “doubly flawed” in comparison with Basel I, because external credit rating agencies and in-house models are used to set risk weights.
United Taiwan Bank chooses Basel II software
United Taiwan Bank will use Financial Architects’ Financial Studio platform to ensure compliance with Basel II.
Basel IA to attract large US regional banks
Improvised rule to miss national and local banks, say report
Kempen & Co. hires Pontier and Zoutenbier to build structured products business
Kempen, an investment bank in Amsterdam, has hired Koen Zoutenbier from Fortis and Hans Pontier from Rabobank to build a structured products business for its institutional and private investors and its private banking clients at Van Lanschot, which…
Barclays Wealth adds Bansal
Satya Narayan Bansal has joined Barclays Wealth as head of its onshore private banking business in India, moving from ICICI’s Singapore-based private banking business where he was head for South East Asia.
Emerging ETFs
ABN Amro listed six new emerging markets exchange-traded funds have been listed on Xetra at the beginning of July.
Southern and eastern European central banks agree to work together on regulation
Seven European central banks have agreed on a framework to enhance co-operation on banking supervision.
EU Commissioner praises Basel II
Charlie McCreevy, European Commissioner for Internal Market and Services, said that carefully-crafted regulation such as Basel II should be viewed as “a powerful tool to extract the best from globalisation”.
EBS prepares for Basel II with Misys
EBS, an Irish building society, is using software vendor Misys’ Almonde platform to ensure Basel II compliance.
Nasdaq to implement ETF market
Nasdaq will implement its own ETF market, including exchange traded funds and index-lined notes, in the third quarter of 2007. The exchange submitted proposed rules to the Securities and Exchange Commission (SEC) relating to DLPs and Qualified Securities…
In good wealth
Marcel Rohner has been named chief operating officer at UBS, and has been replaced as chairman and CEO of wealth management and business banking by Raoul Weil. Rohner, who has been a member of the group executive board since 2002 and was named deputy…
Fortis nabs Schroders’s Theisinger
Fortis Investments has hired Martin Theisinger as its head of client relationship management for Germany, Austria and Central Europe. Theisnger joins from Schroder Investment Management, where he was a managing director for Germany, Austria and CEE.
Australia updates financial reporting framework
The Australian Prudential Regulation Authority has updated its reporting standards for the finance industry.
Updated technology introduces new model for credit scoring
Callcredit, a credit reference agency, and Fair Issac, a technology company, are introducing a new version of their CallScore platform, which “delivers significantly more predictive power”.
CEIOPS asks for comments on mediation consultation paper
The Committee of European Insurance and Occupational Pensions Supervisors has asked for comments on its plans to establish a mediation mechanism between insurance and pensions supervisors.