News
IBF names new chairman
David Bell has succeeded Ian Mullen as chairman of the International Banking Federation (IBF).
Man promotes in Hong Kong and Switzerland
Man Investments, the London-based asset management arm of Man Group, has promoted Tim Rainsford to managing director for Asia-Pacific, in Hong Kong. He replaces Matt Dillon, who takes on a newly created role as head of global relationship services, based…
Aon forms risk consulting group
Insurance group Aon has formed Aon Global Risk Consulting, a Chicago-based risk consulting, captive management and risk engineering group, which will be part of Aon Global.
Moody's: halo for new EU entrants set to fade
European Union (EU) member countries with low credit ratings, such as Romania and Bulgaria, will continue to benefit disproportionately from the EU halo effect, according to a report by Moody’s Investors Service.
Institutions still fall short on risk management
As financial institutions raise their focus on risk management, most still consider their assessments of risk to be insufficient, according to Deloitte’s global risk management survey.
Fimat launches FX desk in Sydney
Fimat, a brokerage and part of the Société Générale group, has moved its Asia foreign-exchange execution team from Chicago to Sydney.
FXMarketSpace opens for business
FX MarketSpace, an international foreign exchange trading platform run by Reuters and the Chicago Mercantile Exchange (CME), started operations today.
European defaults growing, according to Moody’s
The rate of defaults among speculative-grade European corporate bond and loan issuers more than doubled in 2006 and will increase further in 2007, according to New York-based Moody’s Investors Service.
DIB launches first sukuk
Dubai Islamic Bank (DIB) has launched its first Islamic sukuk bond.
Equities and fixed-income merged in Morgan Stanley overhaul
Morgan Stanley has made broad changes to its organisational structure and reporting lines, including ditching the separation of equities and fixed-income.
War of words escalates in Cbot battle
A week after IntercontinentalExchange (ICE) announced its audacious $10 billion attempt to prise the Chicago Board of Trade from their grip, Chicago Mercantile Exchange executives gathered in Chicago to pour scorn on the proposal.
RAPM popular, but doubts remain over reliability
Risk-adjusted performance measurement (RAPM) techniques are spreading rapidly across the risk management industry, but many still doubt how reliable the results are, according to an industry survey.
Deutsche and VTB launch CIS corporate CDO
Deutsche Bank and VTB Bank Austria have launched a collateralised debt obligation (CDO) based on corporate debt from member countries of the Commonwealth of Independent States (CIS).
RBS names Capp as leveraged capital markets head
Royal Bank of Scotland Global Banking and Markets has named Eric Capp as head of leveraged capital markets for Europe and Asia.