News
Risk Australia: Banks ignored uncertainty in run-up to crisis
Pay more attention to unknown unknowns, Debelle advises
Risk Australia: Banks move to more liquid assets
More government bonds and changes to Treasury policy to make funding more secure
Commerzbank builds FX globally
Commerzbank has made key hires in sales and trading across Asia, Europe and the US as it strengthens its global FX business, the bank said on August 25.
Too much expected of central banks: CentralBanking.com poll
CentralBanking.com poll shows more than 66% of readers think monetary authorities cannot be expected to boost growth and protect price stability
Updated Isda CDS novation process to boost efficiency while minimising risk
Revised rules replace laborious consent-then-confirm novation process
Danish pension funds hit out at cross-subsidy regulation
PKA and Sampension say cross-subsidy regulation threatens Danish pension system
Aegon rescue aid contingent on VA hedging programme
EC makes variable annuity hedging a factor in Aegon bailout approval decision
Lack of credit for dynamic hedging in QIS 5 driven by ideology, not economics
Old Mutual questions the lack of capital credit for dynamic hedging in QIS 5
Man’s $21bn quant fund sees no need for high frequency trading
AHL, the managed futures single manager of Man Investments, says it sees no need to participate in the high-frequency area to secure alpha from its trend-following strategy.
UK FSA targets transaction reporting failures
Failures in transaction reporting and record keeping under Mifid a key concern for the UK regulator
Basel Committee defends adjustments to Basel III as calibration decisions loom
Regulators describe difficulties ahead as they prepare for Basel III calibration and transition decisions in September
HSBC global asset management appoints Asia head for sovereigns
Sovereign and Quasi-sovereign entities, which make up the majority of institutional assets in Asia-Pacific, are strategically critical to growing HSBC's regional institutional business, said Rudolf Apenbrink, chief executive officer of HSBC Global Asset…
RBS adds two for Asia financial institution group
Kenneth Tung takes over role as head of FIG Asia-Pacific from James Pearson, who has left the bank
US renewable capacity to double by 2012: DOE
The US is on track to double renewable energy generation capacity by 2012 and halve solar power costs by 2015, according to the Department of Energy
Citi adds new head for Asian FX team
Citi continues Asian FX team expansion by relocating Perret-Green from Citi's Europe markets division to Asia to head FX strategy. Citi says its foreign exchange daily trading volumes exceed $15 billion a day in Asia.
China CDMs plummet by 30% on legality risk
The number of approved Clean Development Mechanism (CDM) projects in China tumbles by 30% after investors voice concerns that the generated credits will not be legal under future emissions' regulation
West must not repeat Japan’s fiscal mistakes, says Nomura economist
Nomura chief economist Richard Koo warns the US and European economies face double-dip recession and a prolonged period of economic stagnation if stimulus is cut too soon.
LLMA on course to publish first longevity index by end of 2010
LLMA will add a fillip to longevity derisking market with standardised indices
Ecuador’s hydrocarbons reforms threaten production
Ecuador’s latest reforms for the hydrocarbons industry could stunt investment in the country and lower production levels. Alex Davis investigates
Tocom relaxes market rules to ease foreign trade
The Tokyo Commodity Exchange has eased rules for foreign commodity brokers wanting to trade on its platform in a move that is expected to boost volumes, Katie Holliday reports