News
Risk and compliance hiring in the Middle East is strengthening, say recruiters
Regulatory pressure and recognition of the importance of risk and compliance at firms is driving recruitment of executives from around the world into the Middle East
Australian regulator releases Basel III liquidity proposals
Australia's prudential regulator publishes discussion paper for liquidity reforms under Basel III. In addition, the Reserve Bank of Australia announces further details for its committed liquidity facility to address the liquidity shortage banks will face…
Avatar Capital adds CCDS brokerage team
Broker-dealer hires former Icap credit hybrids team
UK power chiefs call for more clarity on UK’s Electricity Market Reform
With the UK's power sector estimated to need some £200 billion ($317 billion) worth of investment in the next 10-15 years, much is riding on the Electricity Market Reform, which so far lacks detail, say top power executives
Hedge fund managers charged in connection with multi-billion dollar Ponzi scheme
Two hedge fund managers have been charged by the SEC with facilitating a multi-billion dollar Ponzi scheme
Political crisis in Europe brings volatility back to forex options
Volatility returned to eurodollar last week, as forex traders priced further downside risk into euro options
Sweden will go beyond Basel III capital rules, says Ingves
Riksbank governor Stefan Ingves says Sweden will follow Switzerland and UK in implementing higher capital adequacy requirements than Basel III for largest banks; details to be released soon
Video: New York Fed’s Marc Saidenberg denies US go-slow on Basel II implementation
The US is introducing Basel II at a similar pace to international peers and is also committed to timely implementation of Basel III, according to Marc Saidenberg, senior vice-president of bank supervision at the New York Fed, who warns of the dangers of…
US Orsa moves closer as draft proposals get green light
Rapid implementation process anticipated after working group approves draft
First structured product listed on Canadian National Stock Exchange heralds advance of US banks
Bank of America Merrill Lynch has guaranteed the first structured product to be listed on the Canadian National Stock Exchange, which expects more US banks to follow suit
UBS Securities fined $8 million for inaccurate recording practices
UBS Securities has been fined $8 million by the SEC for inaccurately recording 'locates' information
Financial institutions plan to increase risk and trading IT spending in 2012
Just over 60% of respondents plan to up their technology spend next year, with market risk systems the main beneficiary
Energy experts debate merits of speculators and position limits
CFTC and Goldman Sachs executives discuss role of speculators in commodities markets during times of volatility
ORX completes first stage of scenario library programme
The Operational Riskdata Exchange says benchmarking is the next step in its effort to help operational risk managers improve their use of scenarios
Pickel replaces Voldstad as Isda chief executive
Bob Pickel reappointed Isda chief executive, replacing Connie Voldstad, who will stay on as special adviser to the board
Apec finance chiefs affirm commitment to Basel III and central clearing
Apec finance chiefs pledge to implement Basel III capital, liquidity and OTC derivative reforms at 18th Apec finance ministers' meeting in Hawaii
Sean Kavanagh leaves Deutsche Bank for Citi
Loan risk manager takes newly created job as head of credit portfolio management at Citi
S&P joint venture with Dow Jones will command $380bn of index-linked ETFs
Link-up will speed growth of S&P’s international index business as it gains access to some of the world’s largest derivatives exchanges
Implementation costs estimated to rise as FSA consults on Solvency II transition
FSA also outlines how UK regulatory reform will align with Solvency II regime
Italy reaches crisis point as bond yields soar
Announcement that Italian prime minister Silvio Berlusconi will resign does little to calm markets; bond yields hit euro area record high, raising the stakes for a potential default
EC committed to providing clarity on supply and trade transparency rules, says DG Energy policy expert
Clarifications on two sets of data transparency rules for European energy markets are in the works, according to European Commission policy expert
Energy Risk CEE: New EU regulations create confusion for firms, says panel
A new alphabet soup of financial services and energy market regulations are making firms nervous about their ability to comply, said panellists at Energy Risk's Central and Eastern Europe conference
Deutsche Bank launches world's first Pakistan and Bangladesh ETFs
Deutsche Bank has listed four frontier market ETFs in Singapore, two of which give exposure to Pakistan and Bangladesh for the first time
Flowers defends MF Global as a ‘prudently run’ securities firm, despite Chapter 11 filing
JC Flowers head says reliance on short-term funding is a weakness of whole securities industry – not just MF Global. He adds a worsening eurozone crisis could lead to investment opportunities in troubled banks