News
Raiffeisen joins growing Romanian structured products market
Raiffeisen lists its first certificates on the Bucharest Stock Exchange
China’s CDM trade threatened by uncertain carbon legislation
Investment in CDM carbon credits in China may slow because of the prolonged uncertainty over global climate change legislation, analysts say
RMB-denominated OTC derivatives poised to take off in Hong Kong
The renminbi deliverable forwards market has hit at least $28 million during the first month of trading following an agreement in July between the the PBOC and HKMA that enabled Hong Kong to act as an offshore centre for the Chinese currency.
Bank funding blow from ECB repo withdrawal
As the European Central Bank winds down its repo facility, there are fears that traditional avenues of securitisation issuance are still not viable.
Banks face suit over mis-sold subprime loans
Cambridge Place Investment Partners accuses 15 banks of mis-selling.
Spanish banks tap ECB for record €130bn in funding
Increased borrowing reflects fears on country's banking sector.
Morgan Stanley is buyer of Natixis CDS portfolio
US bank believed to have purchased bulk of $8.6 billion credit derivatives portfolio.
BlueBay recruits Deutsche’s Mark Dowding
Former head of European fixed income for DWS Investments hired to build government bond franchise.
Brownstone names investment grade director
Sean Richter arrives from Stifel Nicolaus.
Deutsche Bank nabs Mayer and Cai from UBS
Jeffrey Meyer will become new head of global markets for North America, while Cai takes responsibility for corporate and investment banking in Asia.
Pimco recruits chief for Asia-Pacific office
Ki Myung Hong joins the asset manager from Bank of America Merrill Lynch.
BP’s Gulf of Mexico oil spill will not push fuel switching
Experts quash fears that tighter restrictions following BP’s Gulf of Mexico oil spill will result in oil to gas fuel switching in the US, thus pushing up gas prices
Regulators kick off derivatives reform discussion
Market participants call for clearing decisions to be left to market forces and caution regulators about clearing house ownership
China’s drop in oil demand is "warning sign’"
Alarm bells hit the market after China’s oil demand slump signals a possible unexpected slowdown in energy demand growth
Basel Committee to rethink CVA capital charge
Regulators might adapt the bond-equivalent approach amid claims the methodology will lead to perverse incentives
Regulators tout new impact studies as proof of Basel III’s viability
Basel Committee and FSB studies play down the economic impact of Basel III - proof, regulators say, that the reforms are fit for purpose.
Sizeable portion of banks not planning to become clearing members
Battle for client clearing business set to heat up, reveals Risk interdealer poll
Indian regulator tightens derivatives rules
Sebi has banned mutual funds from writing options and placed prudential limits on the amount of derivatives investments that can be made by mutual funds in the country in a bid to tighten regulation
Former BoA chief risk officer Curl joins Singapore's Temasek as president
Temasek has hired former BoA CRO Gregory Curl and promoted Simon Israel as co-presidents to work alongside existing president and former SGX chief executive, Hsieh Fu Hua
BNP Paribas enters US retail space via Bank of the West
BNP Paribas is offering market-linked certificates of deposit to US retail investors for the first time through subsidiary Bank of the West
UBS names Bahurel head of equity derivatives sales in Asia
UBS will add Julien Bahurel as head of equity derivative sales in Asia by the end of this year
'Forum shopping' frustrates European high yield investors
An increasing number of European companies are moving their operations abroad to avoid punitive bankruptcy regimes, leaving bondholders at a disadvantage.