News
US banks biding time on Basel II, says Dugan
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UBS and Bloomberg launch CMCI Food Index
The new UBS Bloomberg CMCI Food Index provides direct exposure to the food sector.
World Bank group launches Cat DDO
The International Bank for Reconstruction and Development (IBRD), part of the World Bank, has announced a new loan facility designed to provide emergency finance for middle-income countries suffering natural catastrophes.
Deutsche moves global head of equity trading to Asia
Noreddine Sebti, Deutsche Bank’s global head of equity trading, will relocate to Hong Kong from New York to head the firm’s equities business in Asia.
JP Morgan's Asia head of energy trading moves to London
Alf Salti will leave his position as Asia head of energy trading at JP Morgan in Singapore in April to move to London as global head of fuel oil trading.
E*Trade names Layton CEO
Electronic brokerage E*Trade has appointed Donald Layton as its chief executive officer.
Fraud is unavoidable, says Deutsche's risk chief
Rogue traders are an unavoidable part of doing business, and banks should concentrate on being able to keep trading even after they are discovered, Deutsche Bank's chief risk officer, Hugo Banziger, told a London conference yesterday.
Linklaters and Wolters Kluwer release new regulatory tool
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New FSA electronic recording rules
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Financial directors personally liable for financial control failings, says BCS
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UBS names Asia head of exchange-traded commodity derivatives
Terence Noe has relocated from UBS in London to Singapore in the newly created post of Asia-Pacific head of exchange-traded commodity derivatives.
Northern Rock nationalisation positive for bondholders
Holders of bonds issued by the Granite master trust will benefit from government ownership although questions remain over the vehicle's long-term future
Pimco's head of MBS sees upside in illiquid markets
Value to be found in private label mortgage securities where liquidity premiums greatest, says key investor
Freddie Mac gives private insurers a helping hand
US mortgage agency relaxes criteria to help private mortgage insurers rebuild capital reserves
Bradford & Bingley upbeat but writedowns worry rating agencies
As banks report losses on their asset portfolios, concern from raters continues. Yet despite reports of an increase in mortgage arrears, B&B remains confident, especially in the buy-to-let market
US regulators turn their attention to negative equity
Rate cuts have alleviated worries about loan rate resets, only for a new concern to emerge
Banks slam structured finance accounting change
A revision in the way UK banks have to account for structured credit exposure has caused ripples in the market - at a time when financial institutions are crying out for a period of stability