News
IMF uneasy on nagging weakness of eurozone’s banks
Fund’s Global Financial Stability Report and World Economic Outlook updates show concern over insufficiency of eurozone stress tests, links between banking and sovereign risks
Obama: 80% US power from clean sources by 2035
US President promises push for clean energy at expense of oil and singular focus on renewables
US Fed moves towards rules-based approach to bonuses
US banking regulators expected to require mandatory deferred bonuses and limits on upfront cash under the Dodd-Frank Act
CDS market reacts badly to Spanish bank plan
Credit default swaps (CDS) on Spain widened today, after yesterday's announcement of plans to bolster the country's banking system.
Kyobo Axa Investment Managers restructures top management
Eun-Soo Chung has secured the top job at Kyobo Axa Investment Managers with Arnaud Carcel acting as his deputy following a shake up at the investment company.
Accountancies struggle to quantify true size of UK fraud in 2010
Firms differ on how big a threat fraud represents at the start of 2011
Edhec-Risk Insitute makes Asian debut in Singapore
Edhec plans to carry out research on the uses of derivatives instruments for portfolio management in Asia from its new Singapore office.
BarCap launches Asia-Pacific convertible bonds index
BarCap launches Asia-Pacific convertible bonds index
UK Banking Commission chief makes case for ring-fencing retail operations
Independent Commission on Banking chief John Vickers rules out “radical narrow banking” but says some separation between investment and retail banks could help
Portugal bucks downward CDS trend
Debt protection costs continued to decline across most of Europe, but Ireland and Portugal are moving in the opposite direction
Eurozone peripheral CDSs keep tightening
CDS spreads on eurozone peripheral sovereigns continued their downward trend today
Credit Suisse global head of commodities leaves
Adam Knight, global head of commodities has left Credit Suisse, confirms source
Insurers: FATF standards need clarity, are too focused on banks
Insurers complain FATF standards too focused on banks
Markit offers exposure to emerging markets sovereign debt
Markit offers exposure to emerging markets sovereign debt
BAE Norkom purchase likely to complete in “mid to late March” says Norkom CEO
Transaction will see Norkom work with 2008 acquisition, Detica
Volcker rule could interfere with bank hedging
Study sets out broad scope for prop trading ban - but it may not be workable
Citi and HSBC launch family offices to tap high-end private banking in Asia
Citi and HSBC have newly established family office units in the region just weeks after similar moves by Credit Suisse and UBS.
Revised CVA capital charge does not go far enough, say dealers
Modifications by the Basel Committee are welcomed, but further changes are needed, dealers claim
UBS hires senior equities managers
Deutsche Bank alumni Marcus Overhaus and Ricardo Honegger move to UBS' equities department
Diversification can be dangerous, warns Noster Capital
Diversified investing is not the way to achieve returns and investors should avoid broad market exchange-traded funds (ETFs) and anything structured, according to hedge fund Noster Capital
Eurozone CDS spreads continue narrowing trend
Debt protection costs on eurozone peripherals declined again, while fears of Egyptian unrest remain
ECB opinion on derivatives reform spurs debate on CCP liquidity resilience
French authorities welcome ECB's call for the resilience of central bank money to be recognised in EU derivatives legislation.
The EU’s problem is solvency, not liquidity, says Pimco’s El-Erian
The EU faces a tricky 2011 as it navigates excessive debt, but needs to address solvency issues rather than liquidity, says Pimco's CEO Mohamed El-Erian.
European government borrowing to 9.2% decline in 2011, says Fitch
A new report from Fitch Ratings suggests Europe's public finances are on the mend, reducing pressure to borrow in 2011