News
Misys links to DTCC
Users of Misys Summit FT now have a real-time link to the Depository Trust & Clearing Corporation’s Deriv/SERV matching and confirmation service for over-the-counter derivatives. Misys Summit is a cross-asset trade booking and straight-through processing…
Deutsche Bank loses high-yield research head
Lee Hope, head of high-yield research at Deutsche Bank in London, has left his position.
BNP hires two for fixed-income insurance risk
BNP Paribas has made two additions to the insurance team within the bank’s Global Risk Solutions (GRS) group for fixed income. Earl Lancaster joins from Standard & Poor’s, where he has worked as a director in the insurance practice since 2001. Mark…
Structured finance upgrades soar in Q1
Upgrades of global structured finance tranches in the first quarter of 2006 outnumbered downgrades by 4.1 to 1, Fitch Ratings said today. The ratio compares with 1.1 to 1 for the same period in 2005 and 2.5 to 1 for the whole of 2005.
Moscow bourse launches interest rate futures
The Moscow Interbank Currency Exchange (Micex) launched trading in short-term rouble interest rate futures this morning.
Isda survey finds credit derivatives backlogs improving
International banks have been making progress in speeding up the processing of credit derivatives trades, according to a survey by the International Swaps and Derivatives Association.
Icap profits up on electronic boom
UK interdealer broker Icap reported rising revenues and profits this morning, after a successful year for its growing electronic broking business.
Lane rejoins Deutsche in collateral management role
Deutsche Bank has appointed David Lane as head of equity financial resource management in New York. He rejoins Deutsche after two years at Merrill Lynch, where he was global head of the asset optimisation group. Before joining Merrill Lynch, Lane was…
BNP Paribas hires two for fixed-income insurance team
BNP Paribas has added two new structurers to the insurance unit in its fixed-income global risk solutions group.
Banc of America Securities joins TradeWeb
Banc of America Securities has started trading on TradeWeb’s electronic government bond trading platform in Europe.
Vodafone downgraded
Vodafone’s full-year results and strategic update spelt bad news for the firm’s bondholders as the UK mobile phone operator saw its credit rating revised down to the low single-A category.
Standard Chartered sets up commodity derivatives desks
Standard Chartered has set up commodity derivatives desks in London and Singapore as part of a move to strengthen its global rates and foreign exchange business.
FSA’s consultation paper scraps plans to provide an Integrated Sourcebook
The Financial Services Authority (FSA) in the UK has published consultation paper 06/10, ‘Strengthening capital standards – restructuring the handbook’. The CP sets out the FSA’s proposals to revise the prudential structure of the handbook as a…