News
Trade bodies slam FSA 'achingly difficult' guidelines to Basel II
Leading industry associations have called for the UK's Financial Services Authority (FSA) to make its handbook on the European Capital Requirements Directive (CRD) easier to understand.
Council conclusions on cross-border consolidation in the financial sector
The European Council has stated that cross-business is essential for growth, and that unnecessary obstacles should be removed to reap the economic benefits. The Council advocates sound, fair and non-discriminatory national supervisory practices within…
Deutsche Börse and SWX to launch joint warrants and certificates exchange
Deutsche Börse and the SWX Group are to open a joint warrants and certificates exchange. Although plans are in the initial stages, both parties have signed a letter of intent and the exchange is provisionally planned to begin operations at the beginning…
BNP Paribas boosts London derivatives teams
BNP Paribas has announced two new senior appointments to its derivatives teams in London.
FSA and Treasury publish joint implementation plan for MiFID
HM Treasury and the FSA have published a joint implementation plan for the Markets in Financial Instruments Directive (MiFID). The plan covers the UK’s approach to the consultation and the planned timetables to changes to UK legislation and FSA rules…
Gladwin leaves Barclays for Lehman forex role
Richard Gladwin, head of currency derivatives at Barclays Capital, has left the bank to join Lehman Brothers. Gladwin is expected to be named the US bank’s new global head of foreign exchange sales in London, although a Lehman spokesman would not confirm…
Bank of America adds eight to credit team
Bank of America (BoA) has appointed eight new staff members to its European credit business in London.
HBOS operational risk officer joins KPMG
Andrew Smith, former chief financial and operational risk officer at HBOS, has joined KPMG as a London-based managing director in the consultancy firm's financial risk management practice. Smith will develop the group’s technical expertise and expand it…
Paul Stevens joins IT consultancy
Paul Stevens, formerly chief information officer at Barclays Global Investors, has joined the IT consultancy Catalyst to head its asset management division.
SGX teams up with Baltic Exchange
The Singapore Exchange (SGX) and the Baltic Exchange have signed an agreement, under which the European bourse will provide its benchmark prices for the settlement of forward freight agreements (FFAs) for dry bulk and wet tanker dirty routes cleared on…
CEBS releases report on current supervisory practices on large exposures
The Committee of European Banking Supersivion (CEBS) has carried out a survey of member states’ implementation of the large exposures rules. The report provides a review of the different regulatory approaches and insights into the proposed manner of…
FSA deletes the annual reporting requirement on senior managers in the Handbook
The Financial Services Authority (FSA) in the UK announced today that firms will no longer have to notify the FSA each year of the roles and responsibilities of their FSA-approved senior managers. This move aims to reduce the administrative burden placed…