News
BNP Paribas enters US retail space via Bank of the West
BNP Paribas is offering market-linked certificates of deposit to US retail investors for the first time through subsidiary Bank of the West
UBS names Bahurel head of equity derivatives sales in Asia
UBS will add Julien Bahurel as head of equity derivative sales in Asia by the end of this year
'Forum shopping' frustrates European high yield investors
An increasing number of European companies are moving their operations abroad to avoid punitive bankruptcy regimes, leaving bondholders at a disadvantage.
Asian banks in OTC derivatives reconciliation drive
Efforts by Isda and international banks to get Asian counterparties to use portfolio reconciliation services for OTC derivatives are starting to pay off
Citi names Asia-Pacifc head for wealth management investment products
Paul Hodes will relocated from Malaysia to Singapore to look after traditional managed investments in Asia for Citi's wealth management unit.
Platts’ new coal price assessment reflects Indian potential
Launch of Platts thermal coal price assessment for India highlights the country's growing importance as a leading coal producer and importer
UK end-users face power and gas price volatility
Experts warn that major UK end-users may face another quarter of power and gas price volatility, indicating the necessity of a risk management programme
Brazil opts for IAIS approach to risk-based regulation
Brazil declines to take a Solvency II approach to insurance regulation choosing IAIS mode
European insurers would need regulatory action to survive Greek default
Fitch Ratings stress test concludes that eight european insurers would require "further analysis" after sovereign risk fallout
UK investment managers prepare for Fatca ahead of 2013
New US-based requirements will increase the reporting burden for international firms
End-users adopt more complex hedging tools and methods
End-users’ energy and commodities hedging strategies are growing in sophistication as they adopt more complex products and non-traditional tools, says the head of RWE npower’s optimisation desk
Data and systems top concern for op risk managers, says survey
Survey responses from more than 50 op risk managers suggest data and systems management is the leading concern, rather than adopting an enterprise risk management framework, which was flagged as the top issue in last year's poll
UBS snares Siddiqi as head for fixed-income corporate coverage in Asia
UBS hires Siddiqi to head Asia-Pacific FICC corporate coverage group as part of an effort to build up its fixed-income operation in the region
BNP Paribas makes senior US appointments
Changes at top level of New York derivatives business
StormHarbour appoints new managing principal
Thierry Sciard, previously head of alternatives at Fortis Investments, joins StormHarbour.
LBOs remain vulnerable to restructuring, says Pimco’s Jessop
The current low default rate in the high yield market does not tell the full story, the executive vice-president and portfolio manager at Pimco tells Credit.
HSBC on global hiring spree
HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed today (August 17).
EC approves Aegon bailout without forcing coupon deferrment
Absence of measures forcing payments to Dutch state at expense of subordinated debt holders means Fitch upgrades firm's hybrid capital
Trading group fined $12 million for inflating oil price
CFTC fines ConAgra Trade Group for artificially pushing crude to $100 per barrel in January 2008, the year prices hit all-time peak of $147 per barrel
FSC clamps down on unsecured lending while bolstering Korean repo market
Reform to broaden the use of the onshore repo market in South Korea is expected to help smaller banks and financial institutions better manage their short-term funding and reduce systemic risk. It should also facilitate the development of interest rate…
Spanish bank borrowing from ECB continues to balloon
Spanish banks continue to depend on European Central Bank after stress tests exposed capital shortfalls
Australian superannuation funds holding operational risk reserves
An Australian study by Mercer says 75% of super funds hold op risk reserves
Interview: Donald Kohn
Blair Baker talked to Donald Kohn on 9 July about his career at the Federal Reserve, monetary policy, the crisis and the future of financial regulation.