Foreign exchange
Opening and closing
Editor's letter
BIS announces a fall in banks’ derivatives positions
The positive market value of banks’ derivatives positions fell by $214 billion in three months last year, as banks became warier of leverage.
Moody's: Basel II fuelling growth in collateralised debt
Basel II was key driver behind over €100 billion of collateralised debt issuance in EMEA.
FSA urges firms to improve stress testing
FSA's FRO 2007 warns of a greater impact of event risk if stress tests not improved.
Reveleus unveils GRC framework
Reveleus announces availability of the Reveleus Governance, Risk and Compliance (GRC) framework.
Leveraged loan CLOs greatest source of risk in 2007
Leveraged loan collateralised loan obligations (CLOs) will pose the greatest risk in 2007, according to a gathering of investors and arrangers at a Moody’s conference in London yesterday.
BIS announces a fall in banks’ derivatives positions
The positive market value of banks’ derivatives positions fell by $214 billion in three months last year, as banks became warier of leverage.
JP Morgan recommends changes to Basel II NPR
JP Morgan Chase has set out to US regulators what it considers to be the main operational concerns over the interagency notice of proposed rulemaking (NPR) to implement a new risk-based capital framework based on Basel II.
Moody's: Basel II fuelling growth in collateralised debt
Basel II was a “key driver” behind over €100 billion of collateralised debt issuance in Europe, the Middle East and Africa during 2006, according to rating agency Moody’s. Collateralised debt issuance in the region increased by 78% from 2005.
Fortis Investments opens Hong Kong office
Fortis Investments has opened a new office in the Fortis Bank Tower in Hong Kong. The CEO of the office is Mark te Riele, who has relocated to Hong Kong after a successful term in Fortis Investments’ Jakarta office. The office will initially employ nine…
UBS expands in Asia, Middle East and Africa
Swiss banking group UBS is forming a “strategic alliance” with Standard Chartered Bank for fund distribution in Asia, the Middle East and Africa. Although the scope of the agreement has yet to be finalised, it is envisaged that it will give Standard…
FSA out with final transposition of Mifid
The FSA has published a Policy Statement and Handbook text that finalises its transposition of Mifid for FSA-regulated firms
Industry offers comment on market risk NPR
Four industry bodies have issued a joint letter commenting on the supervisory agencies’ notice of proposed rulemaking on market risk.
FSA’s Waters points to confusion over Mifid and UCITS interplay
Mifid and the UCITS Directive create uncertainty as to their interplay in practice.
CFTC head warns of "critical" underfunding
Walter Lukken, one of five commissioners at the US Commodity Futures Trading Commission, has warned that the commission is "at critical levels in its funding and staffing".
FIM establishes alternative investment unit
Finnish structured products provider FIM has establsihed a new business, FIM Alternative Investments. The unit’s products, which cater for both institutional and private investors, include capital protected structured products, as well as hedge funds and…
Malaysia’s CIMB launches first Islamic structured product
CIMB Islamic Bank has launched what it claims to be the first Islamic equity-linked structured product in Malaysia. The 100% capital protected sharia-compliant product, Islamic All-Stars Global Restricted Mudharabah Structured Investment-i (Islamic All…
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).
Energy dominates Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address, but experts question whether they are realistic.
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.