News
JP Morgan names Rahul Malhotra head of India uHNW business
India’s private wealth market grew by more than 50% in 2009, following a surge in its stock market capitalisatio, according to JP Morgan.
Experts doubt impact from environmental study on gas prices
The US EPA continues hydraulic fracturing investigation but experts predict negligible effect on near-term natural gas prices
Goldman Sachs hit by £17.5m reporting fine
Bank to pay UK regulator for failing to disclose SEC investigation
Eurex freezes marketing of CDS clearing
Eurex has halted the marketing of its credit default swap (CDS) clearing operation after failing to attract sufficient business, Risk understands.
Morrison & Foerster expands capital markets business with hire of Elana Hahn
Elana Hahn joins Morrison & Foerster's capital markets group in a role that involves guiding clients through regulatory changes.
MSCI targets ESG investors with new index series
MSCI has developed a series of ESG indexes to serve the growing community of principles-based investors
Subbarao concerned over Basel III countercyclical measures
Reserve Bank of India governor Duvvuri Subbarao cites concern over variable likely to be used to calibrate countercyclical buffers
Total eyes growing Asia and China energy market
French energy giant Total takes a large stake in an Australian liquefied natural gas (LNG) project with an eye to growing energy demand from Asia and China
Stoxx launches country-specific and risk-controlled versions of Eurostoxx 50
Stoxx launches country-specific and risk-controlled versions of Eurostoxx 50
FTSE hires Filippa to head Italian business
FTSE has appointed a head for its Italian operations as it continues to invest in a market that now promises good opportunities in indexing and ETFs
BNPP's Franc moves to Wealth Management
BNP Paribas Wealth Management has bolstered its offering with the addition of Rémy Franc, previously head of equity derivatives sales and structuring for the corporate investment bank
US economy faces sluggish end to 2010
The Q2 slowdown in US growth is no short-term blip, according to investors.
Energy firms demand more clarity on Dodd-Frank reforms
Energy companies say key definitions in recently adopted US financial legislation are too broad or need clarifying, and call for additional 'trader' classification
BNP Paribas reshuffles global equities and commodities derivatives business
French bank BNP Paribas has reshuffled its global equity and commodity derivatives (GECD) business units and says there are no job losses
Hong Kong regulators warn market about synthetic ETFs
Hong Kong regulators have sent reminder letters and circulars on the business operations surrounding products denominated in renminbi and synthetic exchange-traded funds.
EDHEC-Risk slams France on commodity derivatives regulation
Influential risk management and analytics business school, the EDHEC-Risk Institute, has criticised France for its hardline approach to commodity derivatives market regulation on lack of evidence
Increasing FDIC’s powers could penalise senior debt holders
David Knutson, senior research analyst at LGIMA, says granting the FDIC powers to determine the priority of creditors’ claims in failing financial institutions would be a costly mistake.
Lax TSO rules could increase power and gas VAT fraud
Relaxed registration rules for Transmission System Operators (TSOs) could increase VAT fraud in the power and gas over-the-counter (OTC) markets as exchanges tighten controls, say analysts
Capital levels for Sampension would have tripled under Solvency II without retreat from intentional guarantees
Longevity component of Solvency II drives Danish pension fund away from hard guarantees
OECD urges IASB to review scheme definitions
International body says there is "a lot of confusion in the treatment of a lot of plans around the world".
Equities may have reached nadir - BlackRock's Doll
Commodity price increases may indicate improved economic prospects
Central banks are preferred regulators: CentralBanking.com panel
Charles Goodhart, Sir John Gieve and Paul Mortimer-Lee say regulation is best housed within the central bank but warn challenges remain
Swiss issuance paints a mixed picture
Highs and lows recorded for structured products, according to SVSP and Scoach figures.