News
Social networking asks new questions of compliance
Companies must follow the varying demands of regulators in social networks, as markets have different obligations.
Deutsche Bank adds five to wealth unit in Hong Kong
German bank moves to increase its private banking coverage for North Asia
Long-term concerns over Gazprom dispute with Belarus
Market participants warn of possible long-term European gas import concerns, after Gazprom slashes gas supplies to Belarus over a debt payment dispute, echoing the European gas import crisis of 2009
New short-bond ETFs facilitate interest rate hedging and directional views
Deutsche Bank has listed short-bond ETFs on the London Stock Exchange as an interest rate hedge or for taking directional views on UK and US sovereign debt
ETF Securities offers emerging markets and G10 currency exposure
Exchange-traded currencies target retail and institutional investors
Regulators hit back at IIF’s doom-laden predictions of Basel III impact
Regulators believe the IIF has over-estimated the effect of the planned Basel III reforms.
Basel Committee adjusts market risk framework
A formal 8% floor is set for correlation trading capital charge following analysis of QIS results.
Swap lines better than foreign reserves during crises, research finds
Reciprocal currency swap agreements between central banks bolstered market stability in Korea during the crisis in 2007 and 2008
Eurozone has two years to agree fiscal union, says DB Advisors
The viability of the Eurozone project continues to weigh on fixed income market, says chief investment officer of DB Advisors.
Staff retention poses problems in operations depts, says Marex head
Internal departures can create a 'revolving door'
‘Moment of truth’ for the euro, says former BoE deputy governor
John Gieve says eurozone countries are showing the political will to ensure the currency block stays intact and expresses his support for the UK's new 'twin peaks' regulatory framework
Ogata named to head SG CIB in Asia
Hikaru Ogata moves from BNP to take over SG CIB in Asia-Pacific
New contract capitalises on Canadian heavy crude growth
A Canadian heavy crude oil contract launched this week will help oil market participants to exploit expected production growth in heavy crude from Canadian oil sands
Little progress on US regulatory reform as conference ends first week
Heated debate and vote interruptions slow the reconciliation process
LCH.Clearnet re-values $218 trillion swap portfolio using OIS
Changes in valuation were “relatively small”, says clearing house
Bank of England shoulders responsibility for prudential regulation
UK Chancellor of the Exchequer confirms the FSA is to be abolished and replaced with a new regulatory regime.
French banks under pressure to hold more op risk capital
Rogue traders and a worsening financial crisis are leading French regulators to put pressure on banks to hold more capital for op risk
Winters named on UK Banking Commission
Former JP Morgan investment bank co-chief is one of five to decide on the future of UK banking
Tradition closes its first Italian gas trade
Tradition has closed its first Italian gas trade on the back of rising liquidity in the Italian gas and power markets
Banks fail to exploit market for smartphone apps
Third parties are developing downloadable applications (apps) for banking, leaving banks lagging behind
JP Morgan names Cohen as Asia head of ultra-HWI private banking
US bank seeks to put in place senior management to take on the lucrative Asian wealth market.
BIS position on OTC clearing eligibility at odds with EC
BIS top economist suggests all OTC derivatives could be standardised and sent to CCPs, but EC favours a more measured approach to determining clearing eligibility.
Credit Suisse expands Australia equity derivatives with Kiely hire
Credit Suisse has expanded its equity derivatives and structured products operations in Australia with the appointment of Lucas Kiely as director and head of equity derivatives sales and Chelsea Wise as director and head of structured products sales