News
Credit Suisse lists merger arbitrage ETN on NYSE Arca
Credit Suisse has listed an ETN based on the merger arbitrage market, picking up on the increased interest in this sector. The returns are generally uncorrelated to the broader financial markets, according to the Swiss bank
Speed streaming on the Straits Times Index
New streaming technology has been introduced in Singapore to increase the speed and improve the transparency of structured products trades.
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BNP Paribas splits GECD group into four
RBC Capital Markets adds Glenn Anson to head central bank sales in Asia
RBC has hired 70 employees this year in a bid to build its presence in the Asia-Pacific region
HKEx names former CSRC director to head mainland development
The Hong Kong Exchange's new hire, Yang Qiumei, was recently deputy director-general in the department of investment fund supervision at the China Securities Regulatory Commission, where she was in charge of matters related to QFII and QDII
Basel's new 7% equity capital minimum met with relief
Basel's new 7% equity capital minimum met with relief
Amundi recruits senior fixed income investors to London office
Amundi names senior fixed income investors
Anti-money laundering is a long-term fight, says software company
Banks must think strategically instead of tactically; committing to the long haul to fight financial crime
iShares launches first currency-hedged ETFs in Europe
iShares has launched five equity ETFs with a currency hedge in response to demand from institutional investors
Evolving risks require new answers
The methods Asian energy and commodities companies use to finance and hedge projects have merged, says Natixis’s Asia-Pacific energy and commodities chief
Keep pre-Dodd-Frank swaps data for now: CFTC
CFTC deals with pre-enactment swaps reporting and tells energy companies to maintain required data until Dodd-Frank definitions are finalised
Basel liquidity rules hit fresh objections
A reworking of part of the liquidity coverage ratio is rejected by the Basel Committee
CFTC resurrects CCP ownership limits
Proposed limits on CCP ownership aimed at reducing conflicts of interest
Corporates to drive EM growth but watch financial market development, say Credit Institute panellists
Panellists in the Credit Institute forum on ‘Sovereign or Corporate, Global or Local’ said that corporates will drive credit growth in emerging markets, but investors cannot afford to ignore financial market development or to forgo due diligence.
Senate confirms two out of three Fed directors
Last-minute deal seats Yellen and Raskin, Diamond turned down
Gap between emerging and developed economies growing, says Credit Institute panel
Investors remain under-allocated to emerging market debt, despite emerging countries growing more rapidly – and, in many cases, boasting healthier balance sheets – than developed economies, panellists say.
Regulatory changes push OTC energy and commodities markets to Asia
The over-the-counter energy and commodities market is being pushed to Asia by fears over Western regulatory changes, says managing director of technology provider Trayport
Regulators must distinguish physical and financial energy transactions, says risk manager
Financial risk manager from the US’s largest utility, Southern Company, says regulators should make sure they make a distinction between physical and financial transactions before setting US regulatory changes in stone
US federal regulators endorse "appropriate" Basel III
Bair says evidence supported even higher capital requirements under revised Accord
Basel Committee sovereign debt plans criticised
Basel Committee’s proposal to increase bank liquidity through sovereign bonds could hinder efforts to meet capital ratio targets, conference hears
FSCS denies compensation on capital-at-risk Lehman products
The UK Financial Services Compensation Scheme has concluded that the marketing material for Lehman Brothers's capital-at-risk products was adequate and appropriate
Citi opens China desks overseas following Chinese companies' expansion
Citi opens hedging desks in Johannesburg, London, Sao Paolo and New York to help Chinese multinationals with hedging, cash management, trade and treasury services and lending activities
US equivalence "impossible" in forseeable future - Allianz CRO
CRO says lack of market consistency will prevent regime being granted equivalent status under Solvency II - and this will lead to European companies being disadvantaged
Carr joins Rabobank as head of ETF marketing
After leaving BNP Paribas in February, Matthew Carr has been appointed head of ETF marketing for Rabobank in London.