News
Straley moves to Accenture to run risk management for Asia
Phillip Straley has left consultancy Ernst & Young to join rival Accenture where he will lead the risk management services division for Asia Pacific.
SNB rejects Irish debt as collateral
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
Insurers' Solvency II programmes unrealistic, suggests PwC survey
Insurers' over-confidence about their Solvency II preparations could mean a last-minute rush to the finish line, according to a PwC survey
Chilton to support comments on position limits
Commissioner supports publishing position limits proposals for public comment; continues to call for interim position "points" system to collect data
Bank of Ireland CDSs rise sharply
The cost of insuring against a default by the Bank of Ireland rose today, as the Swiss central bank stopped accepting the bonds of Irish banks as collateral
Look to equities and commodities in 2011, says BarCap
Barclays Capital’s December 2010 Global Outlook forecast for this year advises investors to buy commodities, credit and stay long-equities. Growth in 2011 is predicted to reach 4.5% as fears of a double-dip recession recede.
UK products offer access to commodities, emerging markets and overseas indexes
Despite a near-impossible pricing environment, issuers continue to offer investors returns on FTSE 100-based products, with a few surprise exotics.
Deutsche Bank private wealth names head of north Asia client products
Deutsche Bank Private Wealth Management (PWM) has added Tony Tang as head of north Asia client solutions and Eleonore Dachicourt as head of hedge fund sales in Asia as it continues to expand in the region.
Hong Kong lawmakers to enforce mandatory CCP by the end of 2012
Hong Kong joins Japan in mandating central counterparty clearing for OTC derivatives with CCPs and a central repository expected to be set up in the coming months.
Seed capital for hedge funds set to hit $5 billion in 2011
Blackstone, Skybridge Capital, NewAlpha Asset Management and Revere Capital are all raising funds
Brazil’s Tombini sets out inflation fighting credentials with calls for lower target
Central Bank of Brazil governor says country’s inflation target should be similar to those of other leading emerging market economies
Debt protection cost on Irish financials increases over holidays
CDS spreads for Irish banks widen over holiday period, while peripheral EU states remain steady
Insurers ring changes in Asian businesses
Axa, Manulife and Prudential all make changes in management of subsidiaries in key growth market for 2011
Swiss exchange-traded funds hit record highs in 2010
While the rest of the market saw moderate growth or falls, ETFs fared well last year according to the Six Swiss Exchange and Scoach.
Nomura appoints Asia-Pacific head of equity derivatives trading
Japanese firm names El Khoury for Hong Kong-based equity derivatives role
Stoxx climbs onto emerging markets bandwagon
Stoxx climbs onto emerging markets bandwagon
FTSE collaborates with CSE on Moroccan index launch
FTSE collaborates with CSE on Moroccan index launch
S&P launches risk control indexes to attract risk-averse investors
S&P launches risk control indexes to attract risk-averse investors
Aegon looks to cost of capital to price optionality in VA liabilities
A proposed new modelling framework from the Dutch insurer's US arm uses cost of capital in an analogous role to the market price of risk in traditional pricing theory to value long-dated options embedded in VA liabilities
Stoxx licenses Europe Christian index to serve as ETF for Deutsche Bank
Stoxx has licensed its Stoxx Europe Christian index to Deutsche Bank, allowing investors to gain exposure to the underlying in ETF form.
Bank of America sues ex-workers for theft of trade secrets
Bank of America sues ex-workers for theft of trade secrets
Separate trials set for Rajaratnam, Chiesi after FBI insider-trading crackdown
Trial dates set for Rajaratnam, Chiesi
UBS, HSBC and JP Morgan face suits over 'willful blindness' on Madoff
Three banks accused of 'willful blindness' about Madoff
Bank of America settles for $137 million over municipal bond auction fixes
Bank of America settles for $137 million over municipal bond auction fixes