News
In brief:
FSA begins consultation for Mifid implementation FSA releases policy statement and feedback to capital standards under the CRD State of financial integration in the EU reviewed
Taifex appoints new chairman and president
The Taiwan Futures Exchange (Taifex) has appointed Wu Rong-I as chairman and Steve Wang as president for three-year terms, replacing outgoing chairman Wang Der-shan and president Foo-shiung Ho, both of whom have retired.
Isda and BMA respond to GASB views on derivatives
The International Swaps and Derivatives Association and the Bond Market Association (TBMA) have responded to the US’s Government Accounting Standards Board's (GASB) views on accounting and disclosure of derivatives and hedging activities by governmental…
Walter to run Basel Committee secretariat
Federal Bank of New York senior vice-president for banking supervision, Stefan Walter, is due to take over the role of secretary general for the Basel Committee on Banking Supervision’s secretariat at the Bank for International Settlements in Basel,…
Fitch acquires Reoch Credit
Fitch has today announced the acquisition of London-based credit derivatives analytics firm Reoch Credit as part of its drive to provide market risk assessment services for the synthetic collateralised debt obligation (CDO) market.
SIA and BMA to merge
The Securities Industry Association (SIA) and the Bond Market Association (BMA) have announced that they will merge to form the Securities Industry and Financial Markets Association (SIFMA).
Tiner warns banks of cross-market correlation risk
John Tiner, chief executive of the UK Financial Services Authority, has warned UK banks that their stress testing may not be adequate against a widespread downturn.
Korea derivatives trading volumes almost double in first quarter
South Korea saw a 93.5% increase in the notional volume of derivatives trading in the first quarter of 2006. In January to March, 12,907 trillion won ($13.7 trillion) were traded, compared with 6,671 trillion won in the corresponding period last year.