News
Deutsche Bank lists Europe's first short emerging markets ETF
db x-trackers has listed the MSCI Emerging Market Short Daily Index ETF on the London Stock Exchange and predicts more sector and emerging markets interest this year.
Industry and regulators face off over captives’ proportionality exception
Industry and regulators face off over captives’ proportionality exception
Swiss Re launches inaugural trend risk securitisation
Swiss Re launches inaugural trend risk securitisation
New highs for CDS spreads on Ireland and Belgium
The cost of insuring against Irish and Belgian state defaults reaches unprecedented levels
Investors becoming more sophisticated in their use of ETFs, says iShares
Inflows into US exchange-traded funds are expected to favour risky equity assets this year, and will also express specific country or sector views, according to iShares.
Regulation to be ‘primary driver’ for reference data investment in 2011
Financial services firms say client data is a critical area for development, driven by US Office of Financial Research
UBS launches Asia family services unit and names Lau as regional head
UBS has joined rival Credit Suisse by setting up a family services business in Asia to cater to the fast-growing wealth of ultra high-net worth families in the region.
Canada may establish domestic OTC clearing house
Regulators seek feedback on pros and cons of Canadian CCP as consultation draws to close
Brussels sets the stage for senior debt haircuts
Internal markets directorate publishes consultation paper calling for senior bondholder haircuts in resolution regimes; analysts worry move could further disrupt funding for troubled banks
CER/ERU spread to tighten this year, say experts
On the back of Russia starting to issue ERUs, increased market liquidity will lead to tighter ERU/CER spreads, say analysts
Haircut fears push up bank CDS prices
Spreads on the credit index for senior European financials widen as EU releases burden-sharing consultation paper
FSA penalties likely to continue to grow
The UK regulator took £89 million in fines in 2010 and experts says it will only grow tougher
Straley moves to Accenture to run risk management for Asia
Phillip Straley has left consultancy Ernst & Young to join rival Accenture where he will lead the risk management services division for Asia Pacific.
SNB rejects Irish debt as collateral
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
Insurers' Solvency II programmes unrealistic, suggests PwC survey
Insurers' over-confidence about their Solvency II preparations could mean a last-minute rush to the finish line, according to a PwC survey
Chilton to support comments on position limits
Commissioner supports publishing position limits proposals for public comment; continues to call for interim position "points" system to collect data
Bank of Ireland CDSs rise sharply
The cost of insuring against a default by the Bank of Ireland rose today, as the Swiss central bank stopped accepting the bonds of Irish banks as collateral
Look to equities and commodities in 2011, says BarCap
Barclays Capital’s December 2010 Global Outlook forecast for this year advises investors to buy commodities, credit and stay long-equities. Growth in 2011 is predicted to reach 4.5% as fears of a double-dip recession recede.
UK products offer access to commodities, emerging markets and overseas indexes
Despite a near-impossible pricing environment, issuers continue to offer investors returns on FTSE 100-based products, with a few surprise exotics.
Deutsche Bank private wealth names head of north Asia client products
Deutsche Bank Private Wealth Management (PWM) has added Tony Tang as head of north Asia client solutions and Eleonore Dachicourt as head of hedge fund sales in Asia as it continues to expand in the region.
Hong Kong lawmakers to enforce mandatory CCP by the end of 2012
Hong Kong joins Japan in mandating central counterparty clearing for OTC derivatives with CCPs and a central repository expected to be set up in the coming months.
Seed capital for hedge funds set to hit $5 billion in 2011
Blackstone, Skybridge Capital, NewAlpha Asset Management and Revere Capital are all raising funds
Brazil’s Tombini sets out inflation fighting credentials with calls for lower target
Central Bank of Brazil governor says country’s inflation target should be similar to those of other leading emerging market economies
Debt protection cost on Irish financials increases over holidays
CDS spreads for Irish banks widen over holiday period, while peripheral EU states remain steady