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FSA op risk standing group releases use test paper
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Washington Mutual under regulatory scrutiny
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India’s NCDEX launches futures contract in thermal coal
India’s National Commodity and Derivatives Exchange Limited (NCDEX) today launched a thermal coal futures contract.
Axa names fixed-income CIO
Chris Iggo, formerly a senior strategist on the investment strategy team, has been appointed Axa Investment Managers’ chief investment officer of fixed income, a newly created position.
RBS creates FI sales head post for Asia ex-Japan
Royal Bank of Scotland (RBS) has hired Manish Mahajan in a newly created role as head of sales for financial institutions (FI) for Asia excluding Japan. He joins from Deutsche Bank in Singapore, where he was head of rates sales and strategic solutions…
Old Mutual’s CEO resigns after facing writedowns
Jim Sutcliffe, chief executive of London-based financial services company Old Mutual, has resigned from the firm after it reported it would face heavy writedowns in its US life insurance division, US Life.
RBS names head of forex trading, Americas
Royal Bank of Scotland (RBS) has appointed Christiane Mandell as head of foreign exchange (forex) and local markets trading for the Americas, based in Greenwich, Connecticut.
Fitch nears end of global CDO review
Almost a year on from its global collateralised debt obligation (CDO) ratings embargo, Fitch Ratings is months away from determining the final status of ratings on hundreds of corporate CDOs.
CantorCO2e to hold first binding CER auction
Carbon broker CantorCO2e will hold the first binding Certified Emissions Reduction (CER) auction on 2 October.
CPDOs under review as Moody’s announces further error
New York-based ratings agency Moody’s Investor Services announced on September 4 it might downgrade several constant proportion debt obligations (CPDOs) after discovering another error in its securities monitoring.
LSE’s screens freeze
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US nationalises Fannie and Freddie
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Washington Mutual drops CEO
Seattle-based Washington Mutual has announced the departure of long-serving chief executive Kerry Killinger.
Fuhr to cover exchange-traded funds at BGI
Deborah Fuhr, who previously headed exchange-traded funds (ETF) research at Morgan Stanley, has joined asset manager and ETF provider Barclays Global Investors (BGI) in a similar role.
Lehman appoints new fixed-income chiefs
Lehman Brothers has appointed Eric Felder and Hyung Soon Lee as global co-heads of fixed income.
London Stock Exchange suspends trading
The London Stock Exchange suspended trading this morning at 0915 GMT, eight minutes after commencing.
US authorities step in to rescue GSEs
The US Treasury and Federal Housing Finance Agency (FHFA) announced on Sunday details of a rescue plan to place the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac into government conservatorship.
UBS names new global head of fixed income, currencies and commodities
Carsten Kengeter will join UBS in the beginning of 2009 as global head of fixed income, currencies and commodities (FICC).
EC U-turn on Sepa direct debits
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Delegation of banking supervision ‘a work in progress’, says CEBS
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Finance departments lament loss of control over daily workflows
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China displaces UK in top five countries for renewables
China has moved into the top five most attractive countries for renewables investment, knocking the UK to sixth place, according to an Ernst & Young survey. The Energy country attractiveness indices, published by E&Y every quarter, look at a country’s…
BNP creates distressed finance group
BNP Paribas has established a new distressed finance group, to be led by Alain Dib. Dib, previously co-head of European high-yield capital markets, will remain in London.
Drop in August Eurex volumes masks steady growth
A drop in August trade volumes at Frankfurt-based derivatives exchange Eurex is a result of unusually high volumes in 2007 and disguises steady growth so far this year.