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Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
K2 Advisors hires Nederlof from Deutsche Bank
Connecticut-based fund of hedge funds K2 Advisors has hired Maarten Nederlof as a managing director for product development.
Lehman Brothers adds six new equity derivatives staff
Lehman Brothers has recruited six new sales and trading staff to its European equity derivatives business.
Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
Moody’s hits out at combined cash and synthetic CDOs
Moody’s Investors Service has warned investors that the International Swaps and Derivatives Association legal documentation underpinning combined cash and synthetic collateralised debt obligations (CDOs) is far from perfect.
Moody's hits out at combined cash and synthetic CDOs
Moody's Investors Service has warned investors that the International Swaps and Derivatives Association legal documentation underpinning combined cash and synthetic collateralised debt obligations (CDOs) is far from perfect.
BMA focuses on European CDO market
International trade body the Bond Market Association (BMA) intends to increase its focus on boosting liquidity and helping to set market standards in the European collateralised debt obligation (CDO) market. This includes the possible establishment of a…
UBS adds to Taiwan equity risk management team
UBS has boosted its equity risk management team in Hong Kong with the appointment of Alex Chi as executive director.
BNP closes its first self-managed CDO tranche in Asia
French bank BNP Paribas has closed its first self-managed synthetic CDO transaction in Asia, a first-loss equity tranche that allows the investor to substitute credits in the underlying portfolio.
Primus names new CFO
Bermuda-based Primus has named Richard Claiden as its new chief financial officer. He replaces Joseph Bauman, who will stay on as a senior adviser before leaving the company at the end of the year.
Isda publishes new weather index confirmations
The International Swaps and Derivatives Association has published new confirmation templates for swaps and options on weather indexes.
JP Morgan Chase to spend over $100 million on new credit risk system
The executive committee of JP Morgan Chase has "essentially approved" a budget in excess of $100 million to be spent on creating a new integrated credit risk management system, according to Dennis Oakley, a managing director in the firm's credit…
JP Morgan Chase to spend over $100 million on new credit risk system
The executive committee of JP Morgan Chase has “essentially approved” a budget in excess of $100 million to be spent on creating a new integrated credit risk management system, according to Dennis Oakley, a managing director in the firm’s credit…
JP Morgan Chase plans US power trading foray
JP Morgan Chase is establishing a New York-based electricity trading desk, joining a growing number of banks that have entered the sector in the past year.
Standard Chartered options trading head leaves
Standard Chartered has lost another member of its Singapore foreign exchange options team following the departure of Tim Carrington, global head of foriegn exchange options in Singapore, in July.
BMA creates distressed debt committee
The Bond Market Association (BMA) has formed a new committee to deal with industry issues related to the trading of distressed debt. The move is aimed at creating a common set of trading protocols to facilitate the continued growth of the market –…
Speakers voice synthetic credit and capital structure arbitrage fears
A number of speakers at Risk ’s Credit Risk Summit USA 2003 voiced concerns about investments in credit derivatives and capital structure arbitrage yesterday. Sivan Mahdevan, an analyst in Morgan Stanley’s credit derivatives research group, when opening…
Basel Committee publishes paper on bank compliance functions
The Basel Committee on Banking Supervision published a consultation paper yesterday outlining basic guidance for banks on the structure and operation of their compliance function, and "sets out banking supervisors' views on compliance in banking…
Caruana: 2006 implementation of Basel II still on target, despite difficulties
Despite recent controversies in the wake of the third Basel II consultative paper (CP3), Jaime Caruana, governor of the Bank of Spain and chairman of the Basel Committee on Banking Supervision, says he believes the new Basel II Accord will be implemented…
Risk quant of the year Lipton snared by Citadel
Alex Lipton, who won Risk ’s Quant of the Year award in 2000, has left Credit Suisse First Boston after only nine months and joined Citadel Group, the Chicago-based hedge fund.