News
EC calls for evidence on transparency in bond and non-equity markets
The European Commission (EC) has launched a call for evidence on transparency in bond and non-equity markets. The evidence will be used to determine whether mandatory pre- and post-trade transparency should be introduced throughout the European Union (EU…
ASX chief D'Aloisio forced out
Chief executive Tony D'Aloisio is to leave the Australian Stock Exchange (ASX) after its merger with the Sydney Futures Exchange (SFE).
ABN Amro names new head of Asian derivatives
ABN Amro has named Muse Kwong as its new head of Asian derivatives.
Deutsche Bank recruits head of north Asian institutional clients
Deutsche Bank has hired Shen Yan as head of its institutional client group for north Asia and head of credit sales for Asia.
Deutsche Bank names Lippmann head of ABS trading
Deutsche Bank has appointed Greg Lippmann, already head of collateralised debt obligation (CDO) trading, as global head of trading and syndicate in asset-backed securities (ABS).
Calyon and Forsyth Barr launch first retail credit CPPI in New Zealand
The first credit product offered to retail investors in New Zealand using constant proportion portfolio insurance (CPPI) techniques has been launched by French bank Calyon and Forsyth Barr, a New Zealand stockbroking and investment advisory firm.
Wachovia selects Reveleus to ensure Basel II compliance
A Tier I bank obligated to implement Basel II in the US has selected Reveleus to compute regulatory capital for the advanced internal ratings-based approach under the revised Accord. Wachovia, the fourth-largest bank in the US, has announced that it will…
Reuters buys risk management specialist Application Networks
Reuters has paid $41 million for Application Networks, a risk management software specialist.
Three dealers trial historical swaps archiving via SwapsWire
Three dealers – ABN Amro, JP Morgan and UBS – have uploaded a sample of historical swaps trading data to SwapsWire in London as part of a pilot project for resolving mismatches.
Growth in derivatives trading speeds up, says BIS
Trading on international derivatives exchanges has continued to pick up pace, according to the latest Bank for International Settlements (BIS) Quarterly Review, which was released today. The combined turnover in interest rate, equity and currency…
US senator voices concerns over Basel II in senate committee hearing
Senator Tim Johnson (Democrat, South Dakota) slammed aspects of Basel II in a US Senate committee on banking, housing and urban affairs yesterday for its regulatory burden on banks and claimed that the revised accord would stymie US competitiveness.
EC issues draft implementing measures for the Transparency Directive
The European Commission has published draft implementing guidelines for Directive 2004/109/EC, commonly known as the Transparency Directive. The Directive was created to boost investor protection safeguards and enhance market efficiency.
Caruana to join the IMF
Jaime Caruana, the current chairman of the Basel Committee on Banking Supervision (BCBS) and the governor of the Bank of Spain, has been appointed by the International Monetary Fund (IMF) as counsellor and director of the new financial, capital and…
McDonnell to head DB convertible bond trading
Deutsche Bank has named Andy McDonnell as global head of convertible bond trading.
Pay rises for risk managers, says report
Compensation for risk management professionals working in asset management firms grew 18% in 2005, with salaries rising 5.5% and bonuses up 20-30% on average, according to a study by US-based recruitment firm Risk Talent Associates.
New CDS documentation from Isda
The International Swaps and Derivatives Association has released standard documentation for three classes of credit default swap (CDS).
Regulators need balanced hedge funds supervision, say panellists at Iosco event
Hedge funds are providing more liquidity in financial markets but more regulation is also needed to allow them to grow and operate efficiently, said participants at the second public panel at the 31st Annual Conference of the International Organization…