News
Risk managers' salaries and bonuses soared in 2005, says study
Risk management professionals received high bonuses on top of sharply higher salaries in 2005, according to a recent survey by Risk Talent Associates, a US-based risk recruiting company.
Dubai Mercantile Exchange strengthens management team
The Dubai Mercantile Exchange (DME), which is set to launch in the fourth quarter of this year, has strengthened its management team with newly appointed chief operating officer, Thomas Leaver, and chief compliance officer, Sarah Watts. They have both…
TSX will trade derivatives with or without Montreal Exchange
The Toronto Stock Exchange (TSX) will set up its own derivatives exchange in 2009 if a merger with the Montreal Exchange does not go ahead, chief executive Richard Nesbitt said yesterday.
Bank of China’s credit risk chief quits, say reports
Lonnie Dounn, the Bank of China’s credit risk chief, resigned in April, slightly more than a year after he was appointed, according to Hong Kong’s English daily South China Morning Post ( SCMP ).
T-Zero teams with Calypso
Market technology provider T-Zero has teamed up with San Francisco software company Calypso to provide improved processing of credit derivatives trades
Enron's Lay and Skilling guilty of fraud and conspiracy
Enron's former chairman Kenneth Lay and chief executive Jeffrey Skilling were found guilty of conspiracy and fraud today by a Houston jury.
Atticus backs Euronext merger plans
Atticus Capital, a US hedge fund that holds 9% of the Euronext stock exchange, has encouraged Euronext to seek a merger with either Deutsche Borse or the New York Stock Exchange.
SG expands Chinese commodities team
Societe Generale has named Stephanie Clement de Givry as its new head of commodities finance in China.
Regulators clear Australian exchange merger
The Australian Competition and Consumer Council (ACCC) has approved a merger between the country's two major exchanges, the Sydney Futures Exchange (SFE) and the Australian Stock Exchange (ASX).
StanChart adds to renminbi trading team
Standard Chartered has boosted its foreign exchange trading desk in Shanghai with the appointment of Gordon Jiang as Chinese renminbi forward trader.
Barx forex options trading extended to Asia
Barclays Capital has extended the remit of its Barx electronic trading platform to include the remote trading of vanilla foreign exchange options in Asia. The upgrade will offer traders live two-way streaming of tradable prices across 17 currency pairs…
Nout Wellink appointed chairman of the Basel Committee on Banking Supervision
The Group of 10 (G10) central bank governors and heads of banking supervision have appointed Nout Wellink, president of the Netherlands Bank, as the new chairman of the Basel Committee on Banking Supervision.
Euronext board favours NYSE offer at AGM
Euronext’s board looks set to use today’s annual general meeting in Amsterdam to build investor support for an €8 billion takeover bid from the owners of the New York Stock Exchange (NYSE). But shareholders still remain divided about the future of the…
In Brief:
CEBS and CESR Mifid papers released