Structured products
Deutsche Bank credit team gets a Spanish lesson
Use of credit derivatives in structured products under scrutiny after BZ Gestion fund suffers losses
Green light for securities firms
New angles
Cleaning up the system
Compliance
Where’s the silver lining?
Comment
Battling for position
Wealth management
A storm over CMT
Constant maturity Treasuries
Coupon clamp-down on Italian retail products
The Banca d’Italia is considering a plan to cap coupon payments on structured investment products targeted at retail investors, according to market sources. Coupons would be limited to no more than double the one-year Euribor rate, which currently stands…
French credit derivatives trade rules relaxed
Credit derivatives dealers are in line to win more business from French fund managers after the country’s regulator today ruled that trading restraints are to be liberalised.
More insurers to outsource says Swiss Re
Insurance companies are increasingly turning to outsourcing of their asset management operations to manage risks and improve returns, according to Swiss Re.
Swiss banks low risk but face market saturation, says Moody's
The two-tiered Swiss banking system, split between global giants Credit Suisse Group (CGS) and UBS at one level and smaller regional and private banks at another, continues to exhibit comparatively low risk levels, said Moody’s in a report on Swiss banks…
Fed to explore operational risks in clearance of US government securities
The US Federal Reserve Board has established a private sector working group to recommend steps to mitigate operational risks in the clearance and settlement of US government securities.
Attractive investment opportunities lie in managed synthetic CDOs, says Goldman
Managed synthetic collateralised debt obligations (CDOs) currently present an attractive long-term opportunity for investors, Goldman Sachs said in a new report this week. The CDOs, composed of credit default swaps on corporate credit, take advantage of…
Greenwich Associates finds increase in interest rate derivatives use among European investors
A survey by Greenwich Associates, a financial industry consulting and research firm based in Greenwich, Connecticut, found significant jumps in interest rate derivatives investing and trading levels and smaller gains in credit derivatives usage among…
Deutsche's hedge fund business and Plusfunds to distribute S&P Hedge Fund Index products
DB Absolute Return Strategies (DB ARS), the global hedge fund management business of Deutsche Bank, and PlusFunds, a New York-based service platform for hedge funds, have signed an agreement for the distribution of S&P Hedge Fund Index-based products…
Cross-products find their feet
Cross-product trading is no longer just a "mantra" chanted by sell-side bankers, said Matt Desselberger, managing director, corporate structured products group at Deutsche Bank in London.
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Lehman closes $500 million Asian investment-grade arbitrage synthetic CDO
Lead manager Lehman Brothers said today it has closed a $500 million five-year Asian investment-grade arbitrage synthetic collateralised debt obligation (CDO) through special-purpose vehicles Asia IG CDO Limited and Asia IG CDO LLC. The portfolio manager…
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Fitch predicts more gloom for US energy companies
US power and gas companies face another grim year in 2003 as liquidity risk, market weakness and litigation and regulatory concerns seem set to continue, according to a new report by rating agency Fitch.
The luck of them
Ireland has become well-known as the home for establishing offshore hedge funds, thanks to its specialist listing regime
Untapped potential
While well known for its banking industry, Switzerland still falls below standard for the financial services it offers which can be described as standard rather than bespoke
Bond strategies performing well despite volatile markets
Relative value strategies are providing a safe haven in rocky markets.