News
China's gold market liberalisation may boost derivatives take-up
China's new guidelines for developing the gold market could result in more gold derivatives in the country.
Alcentra advocates leveraged loans over high yield
Paul Hatfield, CIO of Alcentra, says investors should choose loans because of “stupendously attractive” returns.
Cat bonds set to become new face of structured credit, say Axa chiefs
Two senior heads at Axa Investment Managers anticipate escalating demand for catastrophe bonds.
StanChart sees no need for Basel III capital
Standard Chartered (StanChart) believes it is already well capitalised and has no plans to react to Basel III proposals by building up more capital.
BP’s oil spill to double energy companies’ IT spend
The aftermath of BP’s Gulf of Mexico oil spill could double the amount energy companies will spend on information technology (IT) as they look to adhere to new regulatory requirements in offshore drilling pursuits
Korean linker volumes soar after introduction of deflation floors
The resumption of issuance of government linkers, which now include deflation floors, should aid the development of inflation derivatives in South Korea
Basel Committee sets out plans for completion of Basel III
Regulators announce a longer transition period and changes to CVA charge
Bank results suffer after May volatility
Short volatility positions contribute to poor equity derivatives results
Regulators to present living wills proposals to G-20
Banks asked to draw up blueprints for resolution as part of a pilot scheme
Troika Dialog lists blue-chip ETF on RTS stock exchange
Investment bank and asset manager Troika Dialog has listed the first ETF on the Russian Trading System stock exchange
State Street advises institutional investors to move away from modern portfolio theory
New report suggests investors should move away from using normal return distributions under modern portfolio theory
Citi hires Margolis from Goldman Sachs
Latest hire in a series of senior appointments to the firm's FX business
Morgan Stanley is mystery buyer of Natixis CDS portfolio
Morgan Stanley is said to have acquired the bulk of an €8.6 billion portfolio of complex credit derivatives from Natixis last month.
Bear bailout vehicle turns first paper profit
Federal Reserve balance sheet data shows Bear Stearns’ assets held in Maiden Lane vehicle made a paper profit for first time since its inception
Hedge funds wise up to the benefits of ETFs
More hedge funds are looking to create ETFs using their own funds as the underlying, finds a BlackRock report..
Challenges for energy & commodities technology
Trayport chief speaks to Lianna Brinded about how energy and commodities trading risk management systems will cope with changes in regulation
Ethical credit investment set to surge
Growing participation in fixed income by pension funds and sovereign wealth funds with ethical mandates is spurring interest in socially responsible credit investment.
Cesr recommends changes to Mifid revision
New pre-trade transparency requirements for MTFs and ETFs as Cesr moves to a rules-based approach
First FSAP for US flags commercial real estate woes
The US banking system at risk from commercial real estate woes, the IMF’s first Financial Sector Assessment Programme says
China's bond laws remain a 'quagmire' for foreign investors, warns advisory firm
Investors in Chinese corporate bonds may struggle to recover their money in the event of a bankruptcy, according to FS Asia Advisory.
FSA revised pay code ‘tightens the screws’ on remuneration
New UK bonus rules are widened to cover thousands more investment firms
IASB includes liquidity premium in new insurance accounting proposals
Exposure draft brings convergence with Solvency II but stops short of full market consistency
New chairman and board for ORX
Mignola new chair of Operational Risk data eXchange