News
HKEx mulls launching RMB commodities exchange
Potential first RMB commodities exchange to be launched in Hong Kong
Analysts upbeat on outlook for Saudi Aramco’s new trading unit
Saudi Aramco’s new trading unit, Aramco Trading, could become a serious competitor in the refined product space and boost volumes at the Dubai Mercantile Exchange, say analysts
Risk.net poll: Basel rules make client clearing uneconomical
Fifty-four per cent of respondents say new capital rules for bank exposures to central counterparty default funds makes it unattractive to offer client clearing services
CIBC hires Citadel's Siddique
Nadim Siddique joins CIBC World Markets as head of equity derivatives trading
FX swap cost could rise from €279 to €2,779 under EU tax, warns Oliver Wyman
Research published today on behalf of the GFMA global foreign exchange division highlights the potentially punitive impact of the financial transaction tax on the forex industry
Chartis appoints chief risk officer
Alexander Baugh promoted from CEO of Chartis Europe
UBS 'unethical' in mortgage-backed securities pricing
UBSGAM settles SEC mispricing charges for $300,000
SEC charges seven in insider-trading case
Hedge fund employees accused of insider dealing on a scale similar to that of the Galleon Group case
Remit reporting requirements remain unclear
Remit continues to pose problems, as energy firms look for clarity on how to meet the requirements
Keystone XL pipeline decision leaves Canada looking eastward
The US rejection of TransCanada’s proposed Keystone XL pipeline will hinder the development of the Alberta oil sands, while making the option of exporting crude to Asia more attractive for Canada, analysts say
Risk managers complain about Fed stress test workload
Twelve new banks are included in this year's US stress test, and some institutions are unhappy about the extra work
Lack of long-dated instruments hampering offshore RMB market
A strong demand for long-dated offshore RMB instruments is not being met by the market, according to one Hong Kong corporate
CCPs should have last word on OTC clearing, says FOA
Supervisors should not be able to force clearing houses to accept certain classes of OTC derivative, says FOA's Belchambers
Exemption for forex swaps and forwards should hold, says GFMA’s Kemp
James Kemp, managing director of the global foreign exchange division, talks to FX Week about the biggest regulatory challenges of 2012
Ossiam offers the academic view for low volatility
Ossiam has launched a volatility-controlled exchange-traded fund that tracks the FTSE 100 Minimum Variance Index
Indian securities watchdog to consider imposing speed limit on high-frequency trading
The head of the Securities and Exchange Board of India calls for a speed limit for high-frequency trading to protect retail investor interests
JVB Financial hires Tessar to help drive distribution expansion
John Tessar will add his 15 years' structured products experience to JVB Financial's expansion drive in North America
Nomura names Ashley as global head of fixed income
Steve Ashley has been promoted to global head of fixed income at Nomura, with Georges Assi as his deputy
Brown Shipley appoints head of compliance
Derrick Cain will join the bank next month
Fears over UK representation in Europe voiced in FCA report
Report by Treasury Select Committee reviews plans for new agency's role in European regulatory decisions
Deutsche Bank rolls out series of MSCI and Australian interest rate ETFs in Hong Kong
Deutsche Bank’s latest exchange-traded fund launch on the Hong Kong Stock Exchange includes ETFs tapping into local equities from Indonesia, Thailand and Malaysia as well as Australian interest rates
Further delay to Omnibus II as European Parliament takes time for scrutiny
Concerns that Solvency II timetable could be delayed as a result
IMF looks to strengthen Asian ties to combat global economic crisis
The IMF is looking to work with Asian countries to lessen the impact of the global crisis on the region, says David Lipton, IMF first deputy managing director
Japan still backs EFSF despite threat to AAA rating
The expectation that Standard & Poor’s decision to downgrade France and Austria will have a knock-on impact on the EFSF will not deter further Japanese investment in its bonds, says Japanese official