News
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…
ANZ adds two to corporate sales team
ANZ Investment Bank has named two new members of its corporate sales team in London.
Euronext rejects LSE merger
Euronext has ended merger talks with the London Stock Exchange (LSE), leaving the New York-based Nasdaq as the front-runner for the London exchange.
SG expands structured credit team with Morgan Stanley hire
Tony Venutolo has joined Société Générale as an executive director of the investment bank’s structured credit product group in London. He will take charge of co-ordinating marketing and product development within the structuring team.
Paper on scenario analysis to maintain AMA under Basel II published
Written by Patrick McConnell and Martin Davies, a new report suggests using scenario analysis to support a firm’s advanced measurement approach (AMA). The paper proposes a structured approach to scenario analysis for Basel II, based on concepts proven in…