News
Bribery Act unlikely to see firms pursued for facilitation payments
Facilitation payment charges not likely under Bribery Act
In conversation with...Luke Spajic, Pimco
The head of European credit portfolio management at Pimco talks to Credit's Alex Monro about the ongoing Eurozone crisis, and the likely investment themes for 2011.
Sigor's new sound practices paper says boards must set tone at the top
Sigor releases revamped sound practices paper
Hedging spurs growth in credit swaptions
Market jitters and lower bid/offer spreads promote growth in credit swaptions
Nomura appoints Benson as vice-chairman, risk and regulatory affairs
Japanese firm names David Benson for London-based role.
Imbalances could treble in next two decades: Bank's Haldane
Bank of England executive director Andy Haldane charts course of global imbalances, pointing to trends likely to widen them
CDS on Portugal rise on Moody’s warning
Threat to A1 credit rating of the Portuguese government raises cost of credit default swaps.
Sigor tackles AMA range of practices in new consultation paper
Gives guidance on advanced approaches
Ernst & Young faces court over Lehman's repo scheme
New York attorney-general Andrew Cuomo sues accountants for signing off bank's plan to hide leverage
New year could see indemnification ILS deal
A new indemnification insurance-linked securitisation is under way and could put an end to a post-crisis dry spell in life ILS early next year
Hong Kong to get volatility index ‘early next year’
Hong Kong will get a real-time VIX index in the first quarter next year, according to Hang Seng Indexes.
Dublin deflects ECB criticism of bank law
Ireland’s finance ministry says central bank independence not threatened by bank bill; statement comes in response to wide-ranging European Central Bank critique of draft law
Credit default risk of Germany reaches new high
Debt protection costs rise across eurozone peripherals
National Grid: No gas supply emergency
UK’s National Grid reassures the market that there is no gas supply emergency despite gas demand soaring
Dutch pension funds take lead in LDI implementation
Survey indicates Dutch pension funds have all opted for LDI
CDS spreads rise for eurozone sovereigns and Irish financials
Bank of Ireland spreads hit another record high amid CDS increases across Europe
Australian corporates weak on scenario analysis and strategic risk management, survey finds
Companies in Australia are good at looking at the operational aspects of risk, but place little thought on scenario analysis and strategic risk control, according to the Chartered Secretaries Australia (CSA)
Asia to follow US on clearing amid fears about hedging costs for exporters
Asian banks likely to opt for harmonised OTC clearing approach with the US and expect higher hedging costs for corporates
EFSF's Frankel: guarantees are "enough for the time being"
European leaders endorse EFSF model, as facility gears up for debut issuance of up to €5 billion
Horizons BetaPro unveils US volatility ETFs
Horizons BetaPro has launched the first ETF in Canada to track the S&P Vix 500 Short-Term Futures index
Chinese investors get access to international physically backed gold ETFs
Lion Fund Management has launched its first mutual fund after receiving a QDII license. Investing in gold-backed exchange-traded funds, the fund is the first of its kind in China.
Citi names Treadwell to lead derivatives clearing in Asia
Citi prime finance Asia Pacific is building up a derivatives clearing team in response to moves by regulators to improve supervision of OTC clearing services
BNY Mellon Asset Management Asia chief Jiang relocates to US to run ETF unit
BNY Mellon asset management's Asia Pacific head has quit to run ETF business, Mellon Capital, in San Francisco. But the US bank says Asia remains a strategic priority for the group as business in the region is growing at four times the rate of the US
Swiss structured products see record turnover
November has been an exciting month for structured products in Switzerland, with the Swiss Structured Product Association reporting record turnover and Vontobel seeing its market share fall to its lowest level this year.