Foreign exchange
Basel II forces more hedge-fund transparency in Japan
Daily news headlines
Fed calls for consumer advisory board candidates
The US Federal Reserve has asked the public to nominate 10 new members for the Consumer Advisory Council.
Basel II forces more hedge-fund transparency in Japan
The hedge fund industry is disclosing strategy in a bid to appeal to Japanese investors scared off by Basel II regulation, according to an official at Japan’s Financial Services Authority (FSA).
CEBS discusses objectives of large exposure regulation
The Committee of European Banking Supervisors (CEBS), which comprises various heads of central banks and senior regulators across the EU, has said counterparty credit quality should not matter when assessing the level of risk involved in large exposures.
HKMA issues open letter for compliance with SFO
Daily news headlines
Boston Fed regulation chief promoted
Eric Rosengren is the new president and chief executive of the Federal Reserve Bank of Boston.
HSBC links to S&P CTI
HSBC has launched a range of investment products linked to the Standard & Poor’s Commodity Trends Indicator (S&P CTI), an index that delivers long and short exposure to commodity markets. The products, available to both institutional and retail…
Geithner provides policy advice for Asia
Asia needs to build stronger institutions, in particular central banks that have institutionalised independence from governments, said Timothy Geithner, president and chief executive of the Federal Reserve Bank of New York.
Software company makes Basel programme sharia-compliant
Quadrant, a software company, will extend its Basel II Pillar 1 compliance package to cover sharia.
Citi and CIMB debut Malaysian CDS
Citi and Malaysia’s CIMB have conducted the first interbank credit default swap (CDS) denominated in Malaysian ringgit.
SunGard extends Margin Advisor product
European and US financial institutions will be able to use SunGard’s Margin Advisor solution for real-time monitoring of cross-asset credit and margin risk. This marks an expansion from its current uses, which are in supporting US Reg T and portfolio…
ECB chief stresses importance of Lamfalussy process
Jean-Claude Trichet, president of the European Central Bank (ECB), said the Lamfalussy process should be used as much as possible to meet the challenges of increasing regulatory integration.
EU launches public consultation on Credit Institutions Directive
The European Union has announced that it is inviting stakeholders to comment on the Directive on reorganisation and winding-up of credit institutions (2001/24/EC) , with a deadline of September 30. The EU wants to ensure the Directive is completely…
Private equity supports FSA proposals
The private equity industry has backed the UK Financial Services Authority's proposal to tighten reporting requirements on banks and private equity houses, in order to reduce market abuse and conflicts of interest.
Risk 07: Low volatility tempts some to gamble
Risk managers warned at this morning’s Risk 07 conference roundtable that declining volatility was causing a push for more risk concentration and aggression.
DIB offers sharia-compliant note linked to fund of hedge funds
Dubai Islamic Bank (DIB) has launched a five-year capital protected note issued by Deutsche Bank. The note, linked to the DB-GSAM ALPS Index, tracks the performance of a customised fund of hedge funds managed by Goldman Sachs Asset Management.
JP Morgan and Deutsche Börse to launch Next-11 index
JP Morgan says it is working with Deutsche Börse to develop an index comprised of equities from seven out of the eleven countries that are generally considered to be the next promising emerging markets. The DAXglobal Next-11 Index will be offered…
Deloitte weighs up FSA's work on principles-based regulation
Deloitte has published a paper assessing the work of the UK Financial Services Authority (FSA) to move towards principles-based regulation, in which it argues that while the organisation is committed to change and understands the nature of the challenge…
Non-accruals and delinquency rising on US middle-market loans
Increasing numbers of US construction and real-estate companies are defaulting on middle-market loans.