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Foreign exchange

NAB gets green light on forex options

National Australia Bank (NAB) is set to reopen its foreign exchange options business on May 9, over 12 months after it was forced to close the desk in response to a derivatives trading scandal that enveloped the bank early last year.

The consolidation machine keeps rolling

Algorithmics, a name that has become synonymous with driving the development of risk management practices and technology, was acquired by the Fitch Group in January this year. Victor Anderson talks to Andy Aziz, Algo's vice-president of buy-side…

Finding the right CIO

The position of chief information officer (CIO) has in recent years become one of the keys to a financial institution's ability to align its technology with its business objectives. Marcello Mosca explains the criteria against which CIOs are evaluated

Icap-Hyde hires Toyne to head tanker FFA broking

Icap-Hyde, a London-based joint forward freight and shipping derivatives-broking venture between broker Icap and shipping broker JE Hyde, has added to its team. Simon Toyne has joined as director of tanker forward freight agreements (FFAs), responsible…

Sponsor's article > The dangers of complexity

The dramatic financial market changes of the past 20 years have introduced daunting complexity into the system. Much of this complexity is the necessary consequence of valuable innovations. David Rowe argues, however, that complexity for its own sake is…

Australia and Singapore leadBasel II in Asia

Australia and Singapore’s banking sectors are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a recent report by Standard and Poor’s. But, even banks operating in these countries face considerable challenges…

Options traders top pay bracket

UK forex options dealers raked in the largest pay packets this year, with total packages averaging more than £500,000, according to a survey by City-based executive search firm, Napier Scott.

Sarbanes-Oxley The cost of compliance

Now that many US firms have implemented the new Sarbanes-Oxley regulations on corporate governance, boardrooms are assessing just how much the exercise has cost. The figures don’t make for easy reading, as Saskia Scholtes reports

IIF executive blasts "conservative" Basel Committee

Yesterday at a press conference held at the Institute of International Finance´s spring membership meeting in Madrid, a vice chairman criticized recent decisions taken by the Basel Committe on Banking Supervision as overly "conservative."

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