News
Europe hikes capital rules, slashes banker bonuses
Legislation adopted by European Parliament requires banks hold up to four times more capital to protect against trading risk; half of bankers’ bonuses to be paid in contingent capital
DBS Bank suffers IT outage
Singaporean bank suffers IT collapse of front-line and back-up systems
In-depth reports on US and EU regulation, Barclays Capital and Ucits hedge funds
Regulation from the US and EU will impact on hedge funds. Barclays Capital has plans to leverage its acquisition of Lehman’s North American prime brokerage business. Ucits hedge funds explained
Aviva Investors recruits fund manager to SRI division
Colin Purdie, formerly of Aegon Asset Management, joins Aviva Investors as SRI credit fund manager.
Lloyds TSB hires leveraged credit director
Bank hires Paul Osment from Evolution Securities.
Index hedges may be allowed in Basel CVA charge
Basel Committee modelling group chair suggests index hedges and double counting could be fixed in proposed CVA charge.
Cebs updates operational risk market guidelines
New paper in response to feedback “an improvement”
Eurozone banking sector 'a slow-motion train wreck', says economist
Much work needs to be done to salvage Europe's banking sector but the continent's leaders are proving unequal to the task, says Larry Brainard.
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
CantorCO2e’s UK carbon desk closure signals consolidation trend
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected.
Head of Lehman Brothers UK administration steps back
Insolvency veteran Lomas to head Lehman Brothers International (Europe) (LBIE) administration in Pearson's absence.
UBS offers access to MLPs through fast-growing ETN market
UBS has launched a new exchange-traded note in the US, offering leveraged exposure to the Alerian MLP Infrastructure Index.
Indian loss data consortium Cordex ready to float
The long-expected Indian op risk loss database is in the process of being floated as a private limited company
Questions raised about CCP collateral
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
Governors gloomy on outlook for pan-African currency
South African, Nigerian and Ghanaian central bank governors say path to regional and continent-wide single currency littered with obstacles; single currency will not correct underlying problems
Aon takes a measured approach to GRC implementation
Aon Corporation, a global provider of risk management services, insurance and reinsurance brokerage, has opted for a more measured approach to adopting a GRC platform by starting with an upgrade of its existing Sarbanes-Oxley (Sox) compliance system and…
China homes in on shale gas
China hopes to replicate the United States’ success in exploring and producing shale gas as the country looks to tap into new energy resources
Netherlands’ Wellink survives resignation calls
Calls for Netherlands Bank governor to quit followed damning report into the central bank’s handling of failure of DSB
Incapital acquires Blue Sky Asset Management
US investment bank and structured products specialist Incapital will takeover UK distributor Blue Sky Asset Management. Blue Sky's book of plans will be subsumed into Incapital Europe
Swiss structured products and ETF volumes see sharp decline in June
Trading and turnover volumes in the Swiss structured products and ETF markets fall in June after seeing gains during the start of the year
S&P launches quality ranking indexes and licenses to PowerShares
Standard and Poor's has extended its index range to include quality rankings indexes, one of which has been licensed to Invesco PowerShares, and has added sector indexes in its CDS Index family
Daiwa snaps up KBC's Asian equity derivatives and global converts business
Acquisition of warrants and ETF businesses is viewed as fast-tracking Daiwa's expansion in equity derivatives in Asia
FTSE strengthens global business with executive hires
FTSE Group has added to its London office with the recruitment of five senior executives