News
Risks lie ahead for China's internationalisation of renminbi, warn IMF, PBoC and HKEx officials
IMF Hong Kong representative, a former PBoC MPC member and HKEx chief warn of risks for China as the internationalisation of the renminbi starts to gather pace.
Former PBoC policy member warns of renminbi depreciation risk
Fan Gang, a former member of the monetary policy committee of the People’s Bank of China, warns investors of the risk the Chinese currency may not continue to appreciate against the US dollar at a forum in Hong Kong today.
US regulators uneasy with Collins Amendment
Bank supervisors echo industry concerns about Dodd-Frank capital and leverage rules
US margin proposals could lock down $2 trillion in assets
Requirement for banks to post initial margin when trading with each other will result in huge amounts of liquid assets being locked down, according to analysis by one US prudential regulator
Media-savvy US regulators may play on fear of wiretaps after Galleon success
Former SEC and DoJ spokesman says uncertainty over new tactics is a powerful tool
AIB sub debt holders in legal quandary over exchange offer
Subordinated bondholders in Allied Irish Bank are faced with an unappealing dilemma: accept a coercive exchange offer that could see some lose up to 90% of their investments or refuse, and take the matter to the courts. But with the Irish government…
Moon rises over StormHarbour
Moon rises over StormHarbour
Jefferies hires Japan fixed income head
Jefferies hires Japan fixed income head
Is Butterworth the money at State Street?
Is Butterworth the money at State Street?
Van Kan the man for BNP Paribas
Van Kan the man for BNP Paribas
Investec new home for Lloyds leavers
Investec new home for Lloyds leavers
HSBC hires new trading heads for high yield and loans
HSBC hires new trading heads for high yield and loans
Aviva adds senior analysts to London team
Aviva adds senior analysts to London team
Oric and ORX in talks regarding possible merger
Oric and ORX have been in talks for more than a year regarding a possible merger of their operational risk data platforms
Sovereign risk shakes confidence in high yield new issues
Trading talk: June 2011
Only 15% of financial institutions have management information resources in place
Firms do not have MI risk programmes in place to deal with upcoming regulations, according to a report by think-tank JWG
Ease of bank switching could cause systemic risk
Meeting consumers' demands for easier bank account switching could increase the risk of a bank run, insiders fear
Credit Suisse names Jewell-Tait as head of private banking for Australia
The Swiss banks names Edward Jewell-Tait as its Australian private banking head and says it will continue to add more senior bankers in Australia to strengthen its business in the market.
Comparability of EBA stress tests questioned
The ability of banks to use their own internal models for determining stressed PDs and LGDs mean the results will not be comparable, bankers claim
People moves
Herzberg joins BTG Pactual as equity trading head
CCPs object to ‘misleading’ Emir collateral clause
CCPs object to Emir collateral clause
Half of interest rate swaps now being cleared, says Isda
$601 trillion notional OTC figure reduced to $0.9 trillion gross value after netting, collateral
Stoxx indexes offer investors enhanced access to infrastructure sector
Stoxx has launched an index that provides investors with enhanced exposure to infrastructure, the alternative asset class that has increased in popularity among investors with its stable returns in the medium to long term
Energy Risk USA: could anti-manipulation rule curb energy activity?
Dodd-Frank manipulation rules could “chill” energy market and boost regulatory infrastructure costs: ER USA panel