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FSA chief hits out at structured products
Financial Services Authority (FSA) chairman Callum McCarthy has warned of the dangers of banks selling complicated financial products to customers who do not fully understand them.
Former BoA global markets head joins Icap
Duncan Goldie-Morrison has joined Icap as a non-executive director and member of the UK inter-dealer broker's audit, remuneration and nominations committees.
Credit derivatives innovations essential for health of credit market
Product structurers must continue to develop innovative credit derivatives products to keep people interested in credit, according to Bob Janjuah, ABN Amro’s global head of credit strategy.
Emisphere recruits chief financial officer
New York-based biopharmaceutical company Emisphere Technologies has hired former Ernst and Young derivatives specialist Elliot Maza as chief financial officer. He will be responsible for leading the company's effort in financial operations, planning and…
Regulation to hit UK insurers for £15bn with little tangible gain
New risk-based regulation will cost the UK insurance industry between £10 billion and £15 billion, with tangible benefits measured at less than £1 billion, according to a cost-benefit analysis conducted by the UK's chief financial watchdog, the Financial…
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Regulation to hit UK insurers for £15bn with little tangible gain
New risk-based regulation will cost the UK insurance industry between £10 billion and £15 billion, with tangible benefits measured at less than £1 billion, according to a cost-benefit analysis conducted by the UK’s chief financial watchdog, the Financial…
Canada tightens derivatives disclosure regulation
The Canadian Securities Administrators (CSA) has approved new rules designed to more adequately cover certain derivatives transactions.
Caterpillar chooses SuperDerivatives for forex hedging
Caterpillar, the US-based manufacturer of construction machinery, has bought the SuperDerivatives system for pricing foreign exchange options.
Wells Fargo signs up to Calypso
Wells Fargo will use Calypso Technology transaction and processing software to support its interest rate derivatives trading desk in San Francisco, said Calypso and bank officials.
FSA director to chair Joint Forum
UK financial regulator the Financial Services Authority’s director of markets, Gay Huey Evans, will take over the chairmanship of the Joint Forum in January. She succeeds José María Roldán, general director of financial regulation at the Bank of Spain,…
Stockholmsborsen fills derivatives post internally
Henrik Paulsson has been promoted to the post of president of derivatives markets at Swedish equities and derivatives market-place Stockholmborsen, part of the combined Nordic securities market OMHEX.
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Bear expands credit
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DTCC and Swapswire launch CDS services
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Australia's credit market booming
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