Structured products
FDIC approves Basel II standardised approach
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Small US banks free to pursue Basel II standardised approaches
The Federal Reserve has announced it will permit smaller US financial institutions to implement the standardised approach for Basel II compliance, acknowledging misgivings raised by banks over previous proposals.
globalCOAL futures set for September launch
Electronic coal marketplace provider globalCOAL will launch its financially settled Newcastle coal futures contracts on ICE Futures Europe on September 5.
Derivatives Summit: UK shadow minister urges policy reforms
In his keynote address at the Risk Derivatives Summit held in London on June 24, Philip Hammond, Conservative MP for Runnymede and Weybridge, and shadow chief secretary to the Treasury, said the time has come for a major rethink on monetary policy.
Derivatives Summit: Investors should heed lessons of crisis, summit told
Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers speaking at Risk ’s 2008 Derivatives Summit in London.
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…
BarCap launches Sharia-compliant hedge fund platform
Barclays Capital has launched an investment platform, called Al Safi, which offers investors Sharia-compliant access to hedge funds.
Brown calls for oil market transparency; reveals investment plans
UK prime minister Gordon Brown has today called for increased transparency in the global oil markets, and revealed a series of international energy investment initiatives.
Risk management discussed at Senate Banking Committee hearing
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Former Bear hedge fund bankers charged
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City warns FSA over its short seller disclosure regime
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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…
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.
Habib parts company with Lehman Brothers
Adam Habib, managing director and head of equity structured retail products at Lehman Brothers in London will leave the bank at the end of this month to pursue his own business interests after reaching a final agreement on Friday June 13.
Business leaders make post-2012 carbon trading recommendations
A group of 91 chairmen and CEOs of major global businesses has presented recommendations for the post-2012 carbon reduction regime to replace the Kyoto Protocol.
Barclays lists currency revaluation ETN
Barclays Capital has listed a new exchange traded note (ETN) on the Arca platform of the New York Stock Exchange. The Asian and Gulf Currency Revaluation ETN is linked to the performance of five different currencies pegged to the US dollar which could…
Fuhr parts company with Morgan Stanley
Morgan Stanley has disbanded its investment strategies team, which included ETF (exchange traded funds) managing director Deborah Fuhr. The team covered the investment and execution of delta one products, such as ETFs, and was broken up on May 16. Fuhr…
ETF Securities expands team in Germany, UK and Ireland
ETF Securities has bolstered its sales team by appointing Nigel Longley as Sales Director based in Frankfurt, where he will join Tim Harvey and Michael Geister in covering the German and Austrian markets. Longley will report to Hector McNeil, managing…
NatWest International launches third edition of Autopilot
NatWest International Personal Banking (IPB) has unveiled a third edition of Autopilot, its capital guaranteed structured deposit account.
Mekhail to head Gatehouse Wealth
Mourad Mekhail has been appointed managing director of Institutional Wealth Management at Gatehouse Bank, the sharia-compliant wholesale investment bank. Mekhail reports directly into Ewa Gracey, Head of Distribution.