News
People: Philippe El-Asmar takes over Asian distribution at Barclays Capital
People: BarCap's El-Asmar takes over Asian distribution
Policy centralisation key to future of Eurozone, says Goldman’s O’Neill
Success or failure of the Eurozone hinges on Germany ‘laying down the law’, according to chairman of Goldman Sachs Asset Management.
TD makes play for commodities market
International launch of new precious metals trading business builds on previous efforts
Merkel enraged at vote to scrap US-EU Swift data deal: WikiLeak
Leaked wire from US embassy in Berlin says Germany’s Chancellor Angela Merkel was furious at German MEPs' decision to reject Swift data sharing deal with United States
FSA names risk and IB advisers
UK regulator recruits outside advisers on risk and investment bank oversight.
CDSs on euro peripherals widen over weekend
CDSs on Ireland, Portugal, Italy, Hungary and Spain increased over the weekend, while the cost of protection against Greek default fell.
Market for CoCos could take years to develop, say Credit Institute panellists
Regulators may be sold on the idea of banks issuing loss-absorbing contingent convertible securities, but panellists at the latest Credit Institute event questioned whether there is a natural investor base for these instruments.
SG to start secondary marketing for exchange-traded autocalls
Societe Generale is about to start the sale in secondary of three exchange-traded autocallables listed on the London Stock Exchange in November.
Sovereign CDS spreads continue to fall after volatile week
Tightening of peripheral CDS continues for third day after Trichet announcement
World Cup victory will trigger commodity infrastructure improvements in Russia, say analysts
The decision to host the 2018 World Cup in Russia will boost much-needed infrastructure investment and lower operational risk for the steel industry, say analysts
Tier 1 Vif will mean no additional capital needed under Solvency II
Consideration of VIF as Tier I will save insurers from financing increased solvency capital requirements, says head of Italian insurance association
Certificates lift Nordic Growth Market trading activity to record highs
The Nordic Growth Market in Sweden has reported record high turnover in November for the fourth consecutive month.
SocGen studies hedge fund fraud to reduce risk
French bank completes statistical study on statistical properties of fraudulent funds
Peripheral CDSs fall on ECB liquidity promise
The cost of insuring against a default of peripheral European states continued to fall today, after peaking at record highs on Tuesday.
BAML index aims to offer more complete view of market risk
Bank of America Merrill Lynch has launched a new index which measures risks not normally visible in public markets by incorporating assets trading in the over-the-counter market.
BarCap offers institutional investors 'advanced' emerging markets index
Barclays Capital has launched an index that provides investors with exposure to emerging markets with political stability and good long-term prospects
StanChart sheds Asia credit risk via $1.25bn securitisation
Standard Chartered has reopened its Start collateralised loan obligation programme for the first time since the global finance crisis spread to Asia. The bank has shed $1.25 billion of credit risk related primarily to loans extended to counterparties in…
Rouyere takes over global equity derivatives at Daiwa
Daiwa Capital Markets has named Martial Rouyere global head of equity derivatives in London, replacing Clarke Pitts, who has left the bank.
Regulators moving closer to creating an Asian funds ‘passport’ regime
Asian regulators are increasingly warming to the concept of an Asian funds passport similar to the Ucits directive of the European Union. This might result in the region having its own cross-border fund vehicle enabling funds to be freely 'passported'…
Barclays launches short and leveraged iPath ETNs
Barclays Bank has listed 11 short and leveraged ETNs in New York, giving exposure to domestic and international equities and volatility.
Video: Hang Seng’s Andrew Fung optimistic on offshore RMB growth
Andrew Fung, head of treasury and investment at Hang Seng Bank in Hong Kong, believes the Hong Kong and Chinese governments should simplify procedures for offshore renminbi to be remitted to mainland China. This would increase the appeal of RMB bond…
UK government responds to industry criticism of regulatory restructure
HM Treasury issues consultation summary on proposed changes to financial oversight in UK
CFTC wants power market input on Dodd-Frank rule-makings
CFTC commissioners are concerned about the breadth of the Dodd-Frank swap dealer definition; staff call for electricity sector comments