News
FSA will be ready to implement the bulk of the final CRD rules in two weeks
The FSA chief executive confirms that UK is set for Basel II implementation.
BarCap appoints Sbai to consolidate aircraft financing
Barclays Capital has appointed Abdellah Sbai as director and head of aircraft finance, a newly created position based in London.
HSBC and Babson close $502 million CDO
HSBC and Babson Capital, the Massachusetts-based asset managers, have closed a $502 million managed synthetic CDO.
Institutional demand for hedge funds to reach $1 trillion by 2010
Worldwide institutional demand for hedge funds will reach $1 trillion by 2010, according to a survey of institutional investors conducted by Bank of New York and Casey, Quirk and Associates, a Connecticut-based investment consultancy.
International South African bank selects Reveleus for AIRB calculations
Investec will use leading solutions provider to meet Basel II deadlines.
Deutsche appoints new global credit head in Asia
Deutsche Bank has appointed Sajid Javid as head of global credit trading in Asia excluding Japan.
Bear Stearns poaches equity structurers from Deutsche
Bear Stearns has expanded its structured equity products team in Asia with three new hires in Hong Kong.
Barclays bullish on oil
Crude oil's recent slide is set to reverse with prices returning to over $70 by the end of the year, Barclays Capital says in its latest commodity research.
SG, Rhodia launch emissions company
Société Générale and Rhodia Energy Services, a global specialty chemicals company, have formed a joint venture company to trade carbon.
Speed and compliance dominate data market
Despite consolidations and rationalisations, user firms are paying more for market data than ever before, according to speakers on a panel entitled "Small change: A look at market data spending" at sister publication Inside Market Data’s Europe…
Concern continues over Basel II in US
US Congressmen have questioned the effectiveness of Basel II risk modelling, and complained that it puts US banks at a disadvantage.
UK consumer watchdog approves NYSE/Euronext tie-up
The UK’s Office of Fair Trading (OFT) has cleared the merger between the New York Stock Exchange (NYSE) and the European exchange operator Euronext.
Fortis' operational risk head becomes chief risk officer
Frédéric Matterne, Fortis' former head of operational risk, has become chief risk officer of Fortis Commercial and Private Banking.
UK businesses unprepared for hedging changes
Medium-sized UK companies are unprepared for forthcoming rule changes on accounting standards that require more rigorous reporting of foreign exchange exposure, according to FX specialist HiFX.
Dark Pools, Clear Results
As the markets continue to fragment, firms are looking to algorithms to help them seek out dark pools of liquidity.
DME reveals trading platform details
Energy futures exchange the Dubai Mercantile Exchange (DME), due to launch in the fourth quarter of this year, has unveiled details of its trading platform.
New Nordic exchange combines OMX feeds
Swedish exchange group and technology provider OMX has combined the market data from three of its subsidiaries, the Copenhagen, Stockholm and Helsinki exchanges, creating a single feed of Nordic market data, officials announced last week.
Berry leaves Société Générale for BarCap
David Berry is leaving his job as global head of commercial market data at French bank Société Générale for a post at Barclays Capital.