News
Promontory hires Newman and Gould to lead greater China office
Frank Newman, former US Treasury deputy secretary, and Ronald Gould, ex-UK FSA senior adviser, join the consultancy's China operations
New proposals could take the sting out of Sefs, say industry experts
The appearance of the Sef Clarification Act last month, coupled with a changing mood in Washington, DC, has given rise to a more positive outlook among e-commerce experts
CME, Ice to launch repositories rivalling the DTCC
Banks have picked the DTCC to build a series of new derivatives repositories, but overlooked rivals CME and Ice vow to fight on
Short-selling bans spark confusion over index trades and extraterritoriality
Dealers say volumes have been light as market participants try to work out scope of bans – with confusion arising on index trades and the geographic reach of the rules
Protected banks welcome new European short-selling bans
Regulators need to protect markets from "rumours and false information" say bans' supporters
Dow Jones adds contango-reducing strategy to its index suite
Dow Jones adds contango-reducing strategy to its index suite
Certain high-yield bonds offer opportunity amid turmoil, says SWIP's Logan
Scottish Widows Investment Partnership's Steven Logan picks out certain high-yield debt, looks to launch new fund
Deborah Fuhr to join BAML in October
Deborah Fuhr is to join Bank of America Merrill Lynch in London as head of global delta one strategy
Banks 'starting to panic' over Fatca
Banks outside the US face operational challenges and increased costs under new tax regulations
Rumours drive Société Générale CDS wider for second straight day
CDS spreads on SocGen continue to rise - with no obvious driving force - while share prices of the three major French banks fall
Banks blame complexity for slipping tri-party reform targets
Reforms to $1.59 trillion tri-party repo market are set to miss industry deadlines, and could now spill into 2012
Korea short-selling ban leaves dealers reeling
Korean regulators unveiled a three-month short-selling ban in a bid to calm equity markets following a 17% fall in the Kospi since the start of this month. The prohibition went live on August 10, forcing major dealers to unload excess stock inventory at…
New op risk system patent, using Bayesian networks, awarded to IBM
Patent project spearheaded by Jonathan Rosenoer is one of a very few op risk system patents to be awarded
US funds seeing ‘increasing demand’ for pension risk management
Pension funds in the US are becoming increasingly aware of the need for pension risk management and pension risk transfers, as new pension regulations are implemented
Oil analysts count cost of recession on crude prices
Commodity analysts re-examine their oil price forecasts in light of current economic deterioration, as the long-term economic outlook remains unclear
European debt twilight zone claims Société Générale
Markets turn against French banks in general - and SG in particular - on a day short on solid news and long on rumours
India looks to introduce hedge fund regulation
India has released draft regulations that could create a platform for the emergence of a domestic hedge fund industry
Risk & Return Australia 2011: Co-ordinated supervision critical for global financial stability
Speakers at Risk & Return Australia 2011 believe the ability of supervisors to implement regulation around the world in a consistent manner is the most critical component to financial regulatory reform. They also believe the timeframe for new rules needs…
US bank CDS spreads spike following US downgrade
Spreads on Bank of America spike following US debt downgrade and news of AIG lawsuit; other US names also widen
Bond markets rally as ECB moves on Italian and Spanish debt
Yields on Italian and Spanish debt fall as European Central Bank signals it will implement its bond purchase programme
Eurozone crisis prompts Euro1 payment service to cut credit floors
Interbank payment service will reduce minimum credit line to €2 million
Study says funds of hedge funds see limited diversification benefits
FoHFs see limited diversification benefits
European Parliament calls for delay in Solvency II implementation
Parliament calls for delay but European Insurance and Occupational Pensions Authority says it would like aspects of implementation to start now
Barclays provides Japan with first listed ETNs
Barclays provides Japan with first listed ETNs