News
EBA stress tests start tomorrow
Banks to be given details by end of Friday
BoAML debuts cross-currency swap with corporate onshore in China
Bank of America Merrill Lynch has conducted what is believed to be the first currency swap in China with a corporate client after Safe gave the green light for such transactions to start trading on March 1.
Société Générale lists first actively managed ETN
Société Générale has partnered with asset manager Parkstone to develop an ETN based on an actively managed strategy, the first in a planned suite of ETNs from the bank.
BoAML snares Koder to run global corporate and investment banking for Asia
Appointment highlights that Bank of America Merrill Lynch views the Asia-Pacific region as one of the most compelling growth opportunities for its business, the US bank says.
StanChart to repurchase HK$1.48bn of Lehman ELNs; regulatory probe continues
Standard Chartered has reached a resolution with the SFC and HKMA to repurchase HK$1.48 billion of equity linked notes issued by Lehman Brothers but admitted no liability related to mis-selling the notes. Regulators said the bank should have performed…
People moves
Armes leaves Morgan Stanley for Brevan Howard
Calpers confirms Jensen as chief risk officer
Jensen will head California state pension scheme's risk office
BNP Paribas awarded third-party clearing waiver by SFC; predicts tectonic shift in clearing practices
BNP Paribas Securities Services has secured a waiver from the SFC, which could mark a turning point for the outsourcing of clearing services in Hong Kong
Julius Baer names Peter Siber as its first chief risk officer for Asia and the Middle East
Julius Baer said the appointment of a chief risk officer for Asia and the Middle East reinforces the Swiss private bank's commitment to growth in the region.
Dodd-Frank hinders new ODSG commitments
Rulemakings are undermining progress, dealers say
Experts discuss need for commodity speculation
Squeezing out speculative capital will affect commodity market liquidity, regulator must engage with market to prevent unintended consequences
ETF Securities provides access to infrastructure sector
ETF Securities has launched two ETFs based on the growing infrastructure sector, which will require $2 trillion of investment every year until 2030, according to OECD estimates.
US power M&A: lively activity expected in 2011
US power M&A: lively activity expected in 2011
Oil options “frenzy” as corporates shift hedges in response to Mideast crisis
Mideast and Libya crisis fuels oil options “frenzy”
CME slams potentially stricter position limit rules
CME Group chief executive slams proposed position limit regulations as “unnecessary”
BAML and ETF Securities launch first ETF to track European equity volatility
Bank of America Merrill Lynch and ETF Securities have partnered to list an ETF based on the volatility of the European market.
Irish CDS spreads improve as coalition talks move forward
Fine Gael-Labour government expected soon
State Street Global Advisors to expand ETF operations in Europe
The ETF provider is planning to grow its SPDR exchange-traded funds business in Europe this year as the market "comes of age".
iShares launches two sustainable ETFs on LSE
iShares launches two sustainable ETFs on LSE
Montalvo named as Eiopa's first executive director
Former Ceiops secretary-general will run pension supervisor day-to-day
Iosco draws systemic risk roadmap for securities regulators
International Organisation of Securities Commissions sets out ways in which securities authorities can help control systemic risk
CLS considers membership category for CCPs
"Allowing CCPs to settle FX trades bilaterally would reintroduce Herstatt risk, so it would certainly be preferable to have CCPs become either direct or third-party members of CLS," says LCH.Clearnet executive
Investcorp to introduce range of systematic funds
According to sources, Investcorp's launch is the culmination of seven years of research, known internally as the "alpha project"
Firms must stay vigilant on transations amid Middle East unrest
Banks must be aware of the sources of clients' funds as unrest continues in Middle East