Structured products
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CAPITALIA BANKING GROUP is one of the top five banking organizations in Italy with total assets of EUR155bn. Based in Rome, the group is the product of the merger of several leading Italian financial institutions over the last two years.
A solid foundation
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MiFID rolls on despite industry gripes
BRUSSELS - The implementation of the Markets in Financial Instruments Directive (MiFID) rolls on, much to the chagrin of some financial services firms.
Basel hurries to clarify questions
BASEL, SWITZERLAND – Members of the Basel Committee on Banking Supervision are burning the midnight oil to try to resolve some difficult op risk issues before various jurisdictions are forced to finalise their Basel II rules to meet implementation…
Germany’s closed shop
Germany
Turbulent times
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Russell Newton
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A complicated option
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Calgary’s oil patch
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Shopping for curves
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The sum of its parts
Germany
BlueBay launches emerging market CDO
London-based BlueBay Asset Management has launched a $350 million emerging market synthetic collateralised debt obligation (CDO).
Powernext selects Trayport for emissions trading, awaits CO 2 allocation
French electricity exchange Powernext will use software supplier Trayport’s Global Vision platform for CO 2 emissions trading, but is still waiting to start the spot emissions market it first announced in January.
The Compliance Dance
CIOs and CCOs are working more closely together than ever before in these jittery compliance days. Waters asks, what’s the working relationship really like?
The swap terminator
Germany
Dow Jones Indexes joins forces with Markit and CDS IndexCo
Dow Jones Indexes, Markit and CDS IndexCo, a consortium of 16 investment banks, have signed agreements to govern the licensing, marketing and calculation of the Dow Jones CDX indexes.
Wealth by Health
A full checkup of your IT systems by external consultants is preferable to trusting inside sources, says a head of technology at a major French banking group.
The FSA’s quest for respect
Hector Sants, head of wholesale markets at the Financial Services Authority, talks to Nicholas Dunbar about his plans for increased regulatory focus on fixed-income structured products and hedge funds
Drop in volatility prompts move to exotics
The drop in equity implied volatility levels is making it harder to offer yield enhancement products, says Harold Kim, Hong Kong-based Citigroup managing director, speaking at a structured products forum in the Special Administrative Region.
Retail investors fuel Asian structured products boom
The structured products market in Asia will continue to grow over the next 12 months, especially among the region’s retail investors. But the potential for mis-selling means that banks need to ensure they do not offer structures that are too complex and…
Banks leapfrog the rating agencies
European banks are cutting rating agencies down to size with a new loan data pooling initiative. Dutch bank NIB is leading the initiative. By Nicholas Dunbar
Credit managers hope for new accounting blueprint
Mark-to-market accounting has frustrated credit portfolio managers at the largest international banks. It’s made their loan books more volatile and their derivatives hedges less efficient. But accounting standards setters may be ready to review the rules…
Credit risk stress tests need more work, says BIS
Leading banks have yet to develop a solid framework for credit risk stress tests that deals with all the likely effects stress events would have on their businesses, according to the latest report by the Bank for International Settlements (BIS).
Ashmore and Goldman unveil emerging market debt product
Ashmore Investment Management and Goldman Sachs have launched an emerging market debt structured product that uses a new kind of principal protection technology. Ashmore, a well-known emerging market debt manager based in London, is managing the…