News
BGC appoints global head of inflation
Inter-dealer broker BGC has promoted D’Arcy Miell to global head of inflation products at its London headquarters. He moves from the broker’s New York office, where he worked as a director of US inflation derivatives for the past three years.
BoA snares Taishin's CRO as its new Taiwan chief
Financial markets veteran James Lin has become Bank of America’s (BoA) chief executive in Taiwan, moving from local firm Taishin Financial Holdings, where he was chief risk officer.
BNP Paribas adds to London fixed-income sales
BNP Paribas has recruited two senior fixed-income salesmen from Deutsche Bank for its flow rates sales team in Europe.
Most funds lack internal controls and capability to handle derivatives, says PwC
Most fund management companies do not have adequate internal controls and are unable to handle derivatives properly, according to a survey by UK accountants PricewaterhouseCoopers (PwC).
In Brief:
Final Mifid text now under review in the European Parliament The European Parliament is now reviewing the draft Level II text for the Markets in Financial Instruments Directive (Mifid). The draft, which is expected to remain largely unchanged, will then…
Algorithmic trading accounts for 20% of forex trades
The algorithmic trading market has mushroomed to around one-fifth of the total volume of foreign exchange trading, according to Icap, the London-based interdealer broker. Latest figures show that application programming interface (API) or 'black box'…
ABN Amro creates emerging market ABS role
ABN Amro has appointed Gary Watmore to the newly created position of head of emerging markets asset-backed securitisation (ABS) in London. He moves from the bank’s Hong Kong office, where he was most recently head of Asian ABS.
Isda complains about FSA treatment of CFDs
The International Swaps and Derivatives Association has complained that proposed UK rules regarding disclosure requirements for contracts for difference (CFD) transactions will hamper the growth of the market.
Industry to call for €50,000 minimum EU hedge fund threshold
An industry body formed to analyse the current organisation of the alternative investments business in the European Union (EU) will tomorrow call for no specific regulation of hedge funds save for a minimum investment threshold requirement of €50,000.
Markit to supply FSA with CDS pricing
The UK Financial Services Authority (FSA) has picked Markit to supply pricing information on credit derivatives.
SunGard expands Asian operations
Financial software vendor SunGard has boosted its Asia-Pacific presence with the rollout of an order-to-cash process system called AvantGard Getpaid, and increased on-the-ground support in Singapore and Malaysia.
Plan C for Eurotunnel
Deutsche Bank outlines alternative restructuring plan for tunnel operator
New Zealand welcomes first retail credit CPPI deal
The $63m Credit Sails deal is linked to the DJ CDX and iTraxx Europe indices
Barcelona summit highlights challenges of ABS growth
Global ABS conference focuses on reporting standards in asset-backed securities market
Nervy US investors steer clear of high-grade bonds
Concerns over inflation and event risk hit investment-grade bond allocations
Maple bonds take root after Canada pension shake-up
Scrapping of limits on foreign investment by pension funds sparks issuance run