News
‘Bail-in’ rather than bailout, says European markets group
Association for Financial Markets in Europe proposes regulator-enforced version of contingent capital to replace state-funded bailouts; proposals still troublesome, Goodhart says
S&P launches indexes to measure risk premiums between asset classes
Standard & Poor's has launched four indexes to measure risk premiums, which have gained a lot of interest from product providers.
UK Wrap: The holy grail - income and capital protection
Products are still being influenced by the pricing environment and despite a couple of spicy options most of the products seen this fortnight are safe repeats
FDIC creates new units as US regulators expand for Dodd-Frank systemic oversight
US regulators are hiring more staff in preparation for Dodd-Frank changes
Hedging costs to soar for UK pension funds
Best of RPI and CPI exposure will cost up to 100 basis points to hedge, as well as increase the size of liabilities, say participants
European distressed debt investors could benefit from double-dip
Alcentra head of special situations says second wave of global recession is likely, and predicts distressed debt opportunities in Europe.
Opaque bond documentation a risk to high yield investors
Market participants have warned an increasing number of European high yield bond offerings are accompanied by unclear – even misleading – documentation.
Gilliat Financial Solutions taps European distribution networks
Gilliat has joined the Federation of European Financial Advisers, enabling it to expand its distribution into Europe
China beefing up derivatives master agreements; possible Isda friction?
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
Standard Chartered hires Arnold to head South-east Asia financial market sales
David Arnold joins Standard Chartered in Singapore from BNP Paribas in Hong Kong.
SMX gets nod from MAS to start operations
The Singapore Mercantile Exchange plans to create a commodity and derivatives trading platform on a par with the best global exchanges in New York and London.
Solvency II poses bigger danger to economic stability than bank refinancing
Refinancing risk dwarfed by Solvency II’s impact on insurer appetite for corporate debt
Barclays adds fixed-income exchange-traded notes to its $7 billion business
Barclays in the US has built on its exchange-traded note business with the launch of eight new fixed-income products.
RBS takes on Latin America DCM head from Credit Suisse
Charles Achoa joins Royal Bank of Scotland after 13 years at Credit Suisse.
Dodd-Frank prop desk carve-out creates restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce
US intensifies efforts to develop clean coal, carbon capture
The US Department of Energy has announced further funding for clean coal technology R&D as part of plan to maintain a diversified energy portfolio
India’s latest commodity exchange won’t compete, say experts
India's fifth commodities bourse - ACE Derivatives and Commodity Exchange - will struggle to compete with market leading platforms, say experts
Lloyds TSB appoints head of risk solutions
Polyakov leaves Barclays Capital.
Singapore’s commodities derivatives exchange to go live
Singapore’s central bank Monetary Authority of Singapore (MAS) gives the green light for new commodity and currency derivatives bourse
Barclays launches retirement notes as retiree assets expected to hit $1 trillion per year
Barclays has created notes to provide regular income for pensioners as the 'baby boomer' generation reaches retirement.
Société Générale recruits Richard Wolff from Barclays Capital
Richard Wolff will head French bank's US debt capital markets syndicate.
Morgan Stanley appoints new European ABS head
Cecile Houlot takes up post after 13 years at JP Morgan.
Global pension funds on the hunt for new custodians
Requests for proposals from continental Europe soar says JP Morgan pensions expert
FOMC pledges to maintain scale of asset purchases
Federal Reserve fails to announce additional quantitative easing but pledges to keep size of purchases at current levels; calls for more easing spurred by weak jobs data