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Basel Committee releases final draft of banking compliance guide
The Basel Committee on Banking Supervision (BCBS) has released the final version of its compliance guide, which provides guidance on compliance using a principles-based framework.
Derivatives business must better state its case, says del Missier
The global derivatives industry must make a concerted effort to educate people about the usefulness of derivatives and deal with misconceptions, Jerry del Missier, head of rates and private equity and regional head of Europe for Barclays Capital, told…
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NIBCapital is an independent merchant bank with a global distribution network. Headquartered in The Hague in The Netherlands, the highly rated bank focuses on northwestern Europe and global clients in selected industry sectors, providing corporate…
Sponsor's article > Algo Capital: Algorithmics’ solution for Basel II
Basel II presents financial institutions with a significant challenge. It demands that institutions take a more integrated, enterprise approach to risk management, both across risk types and across economic and regulatory capital calculations. These…
Expect oil at $150 in a decade, Soros colleague warns
Jim Rogers, co-founder with George Soros of the Quantum Fund, has predicted oil will be at $150 within the next 10 years.
UK regulator appoints new director of enforcement
The Financial Services Authority (FSA), the UK's financial services watchdog, has appointed Margaret Cole as its new director of enforcement. She will report to John Tiner, chief executive of the FSA.
Hedge fund risk managers dispute need for transparency
A panel of hedge fund risk officers disputed the need for increased transparency in the industry today during a debate held at Risk ’s Global Risk Summit in Monte Carlo.
Borsa Italiana creates governance committee
The Milan-based Borsa Italiana has formed a committee to revise its corporate governance code of conduct. The committee has been formed to meet the ongoing need to adopt best practices and increase transparency among companies listed on the Borsa…
European financial integration in peril, says BarCap's del Missier
The integration of Europe's financial markets faces an acute danger from resurgent nationalist self-interest among its regulators, Barclays Capital's head of rates and private equity and regional head of Europe, Jerry del Missier, told delegates…
Hedge funds should be more consistent, says industry survey
Thirty-two percent of respondents in a global hedge fund survey believed the pricing of illiquid instruments was the most significant challenge in portfolio valuation. The survey, conducted by the Alternative Investment Management Association (AIMA) on…
Monte dei Paschi’s asset management unit backs new hedge fund
Monte Paschi Asset Management (MPAM), the asset management arm of Banca Monte dei Paschi di Siena, plans to back a fixed-income specialist hedge fund called TrinityCapM with €25 million in seed capital.
Financial regulation hits saturation point, say top risk managers
The level of regulation in financial markets has reached saturation, and now poses a significant risk to institutions, said a panel of chief risk officers (CROs) speaking at Risk’s annual Global Risk Management Conference in Monte Carlo today.
Leung leaves Moody’s KMV for credit portfolio managers’ association
Som-lok Leung, a senior director of client solutions at Moody’s KMV, is to leave the San Francisco-based credit analytics specialist next month to take on the role of executive director at the International Association of Credit Portfolio Managers (IACPM…
BGI hires in fixed income ahead of hedge fund launch
Barclays Global Investors (BGI), the San Francisco-based asset management arm of Barclays Bank, has made four hires in its fixed-income department in anticipation of the launch of new long/short fixed-income products fund.
Goldman loses CDO co-head to Deutsche
Deutsche Bank has hired Michael Henriques as a managing director responsible for origination, structuring and risk management of principal finance opportunities within its special situations group (SSG).
Barclays hires quartet to structured credit group
Barclays Capital has hired four staff to boost its structured credit products sales team in New York.
HKEx launches Xinhua futures
The Hong Kong Stock Exchange (HKEx) has signed an agreement with index provider FTSE Xinhua Index (FXI) to list futures and options linked to the FXI China 25. Trading in the instruments is expected to begin on May 23.
Deutsche Bank boosts SSG
Deutsche Bank has appointed Michael Henriques, formerly of Goldman Sachs, as a managing director within its special situations group (SSG).