News
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…
Half of European insurers have implemented formal Solvency II programmes
The majority of European insurers believe that Solvency II will improve their companies' risk and capital management functions, and half have enacted formal programs to address the proposed European Union (EU) directive, according to results of a survey…
Goldman’s Amarger joins Deutsche asset management division
DWS Scudder, the US retail brand name for Deutsche Bank’s asset management division DeAM, has appointed Regis Amarger as chairman and head of the Americas investment risk oversight committee for equity and fixed-income strategies in New York.
Equity and bond trade bodies reunite after 30-year split
SIA and BMA announce plans to merge, creating a pan-industry 'heavy hitter'
GoldenTree refunds investors in $750m high-yield CDO
Fund manager blames changing CDO market for decision to redeem liabilities