News
NAIC opts for macroeconomic based approach for CMBS
US insurance regulators turn their focus to CMBS
IIF: banks must do better on disclosing pay practices
Regulatory requirements in the US and Europe mean banks now have tougher pay standards to comply with
European banks more worried about OFAC than local regulators
European banks more worried about OFAC than local regulators
Deutsche hires high yield professionals for European trading business
Deutsche adds two to European high yield team
Bond investors bullish on sub-Saharan Africa
Debt investors are looking to sub-Saharan Africa, where strong demand for commodities is propelling high growth.
UK structured products stuck on repeat
An unfavourable pricing environment and investor caution is resulting in a series of familiar structures in the UK market. A few variations in underlying are evident but all come back to income
Société Générale Private Banking appoints new chief exec in South Asia
The private banking arm of Société Générale has made Olivier Gougeon chief executive of its South Asia operations
MEPs win out on powers for new European supervisory bodies
Pan-European authorities will have the power to impose emergency measures and intervene with financial institutions, after parliamentarians gained ground in compromise agreement
Credit Suisse names James Hong to head Hong Kong private banking
Hong will provide client coverage and facilitate cross-divisional collaboration within the bank as the most senior representative in Hong Kong for Credit Suisse’s private banking business
Too big to fail must be solved, says Bernanke
Fixing too-big-to-fail is the single lesson of the financial crisis, says Fed chairman
Rise in deals signals growing confidence in metals markets, say analysts
The number of global mining and metals deals is expected to soar as part of a trend that signals strong growth in the global metals market, according to analysts
Confusion over misleading Indian power futures "ban"
Confusion surrounds the reported ban on Indian power futures trading as industry participants disagree on the nature of the measure
Nordic insurers’ interest rate mismatch significant but improving
Better ALM practice behind Nordic insurer's reduced exposure to interest rate mismatches
Nasdaq OMX and DWS Investments launch volatility control index
Nasdaq OMX and DWS Investments add volatility control to the Nasdaq 100 index for US investors who want equity exposure with reduced risk
People moves
People
HFT quote bombardment blamed for flash crash in May
High-frequency trading firms accused of attempting to overwhelm market infrastructure.
US anti-money-laundering proposals for pre-paid credit cards criticised
Comments period of proposed Fincen regulation finishes amid a torrent of criticism
Mexico’s Pemex looks to shale gas development
Mexico’s main energy company Pemex says it is looking to replicate the US’s success in shale gas by entering the lucrative industry in its own country
Basis risk no barrier to longevity securitisation say experts
Academics and JP Morgan team show how to mitigate exposure from differences between population mortality rates
Dodd-Frank sees processing firm as 'swap execution facility'
Markit/DTCC joint venture will register as designated swap execution facility under US financial reform, despite having no plans for trade execution
Property derivatives fail to offer hedge options against price collapse
The development of a property derivatives market in Asia stalled during the financial crisis of 2007-2008 and has failed to regain any real momentum, presenting a gloomy outlook for the business. But some parties believe the introduction of retail…
Henderson recruits Griffiths as credit analyst
Henderson recruits Griffiths as credit analyst
JP Morgan slashes commodity desks
Fate of other prop desks unclear ahead of enactment of Volcker Rule
Liquidity regulation forces transfer pricing models rethink
The cost of building liquidity buffers will ultimately flow through to clients.