News
GFI opens new Islamic broking desk in London
Interdealer broker GFI has opened a new Islamic banking and finance broking desk in London to meet growing demand for securities that are compliant with Islamic law.
S&P places six Asia-Pacific CDOs on CreditWatch negative
Standard & Poor’s Ratings Services (S&P) has placed the ratings on six Asia-Pacifc synthetic collateralised debt obligations (CDOs) on 'CreditWatch with negative implications'. The agency affirmed the ratings on two other CDOs.
Advanced risk management training offered for new banking elite
Elite risk management professionals will be able to take the first advanced programme on risk management for executives at the Wharton School of the University of Pennsylvania.
SwapsWire recruits new staff globally
SwapsWire, which is owned by a consortium of 21 leading derivatives dealers, has today unveiled a series of appointments in its customer service and account management teams.
Caution, experimentation and disregard is key to dealing with uncertainty, says governor of the Bank of France
Unlike the concept of risk, uncertainty cannot be defined by probability, and therefore must be treated differently by central bankers, according to Christian Noyer, governor of the Bank of France.
Bank of England hits out at quality of dealer stress-tests
The Bank of England gave the UK banking industry a stark warning today to improve stress-testing systems to avoid being dangerously exposed if there is a 'severe shock' to the financial system. The UK’s central bank made the comments in its twice-yearly…
Linklaters bolsters New York derivatives practice
Law firm Linklaters has hired Stan Renas as a partner in its structured finance and derivatives practice in New York. He will report to Adam Glass, who is a partner and head of the group.
Jump in private equity deals puts corporate balance sheets at risk
The UK’s Bank of England has today warned that a sharp jump in borrowing linked to private equity deals has left corporations at increasing risk of defaulting on loan commitments.
Jefferies & Co makes aother senior equity derivatives hire
New York-headquartered investment bank Jefferies & Company has hired Jason Glover as a senior equity derivatives trader in its new equity derivatives trading group. Glover was previously a portfolio manager in the emerging managers fund at US alternative…
Credit quality sees rapid deterioration in June
Hawaii-based risk technology vendor Kamakura Corporation today reported a steep increase in its monthly global index of troubled companies, signifying a decline in global credit quality.
Credit DPCs are growing rapidly, says Fitch
Credit derivatives product companies (CDPCs), such as Primus Guaranty, are emerging as important participants in the burgeoning credit derivatives market, according to a new criteria report by Fitch Ratings.
BarCap snares Bes from BNP Paribas to head private bank coverage
Barclays Capital has today appointed Pierre Bes as a managing director and head of private bank coverage, Europe.