News
Interview: UK MP Jonathan Evans on financial regulation
Chair of All Party Group on Insurance and Financial Services says reorganisation of UK regulatory structure is welcome
Hedge funds hit by risk reversal fears in May and June
Hedges funds have grappled with poor performance during the past two months after global stock market tumbled, with investors parking their money in cash as the Greece sovereign-debt crisis weighted heavily on Asian markets
Market abuse is a bigger risk than financial short-selling
Effort by regulators to ban naked short-selling on financial stocks is misplaced, as market abuse from short-selling on small cap stocks based on insider information is a more real problem, says Lombard Odier's hedge fund arm
UK Wrap: Vanilla repeats rule the roost
Among the few products launched in the UK during the past two weeks, the popularity of the FTSE 100 is continuing as investors remain nervous
Hong Kong poised to launch dividend futures
Hong Kong Exchange and Clearing looks set to join rival Singapore Exchange in offering dividend futures contracts
Economists fear 'global bond trap'
Economists warn fiscal belt-tightening in Europe may exacerbate imbalances in the global economy, leading to sluggish growth and excess liquidity in government bonds.
Europe hikes capital rules, slashes banker bonuses
Legislation adopted by European Parliament requires banks hold up to four times more capital to protect against trading risk; half of bankers’ bonuses to be paid in contingent capital
DBS Bank suffers IT outage
Singaporean bank suffers IT collapse of front-line and back-up systems
In-depth reports on US and EU regulation, Barclays Capital and Ucits hedge funds
Regulation from the US and EU will impact on hedge funds. Barclays Capital has plans to leverage its acquisition of Lehman’s North American prime brokerage business. Ucits hedge funds explained
Aviva Investors recruits fund manager to SRI division
Colin Purdie, formerly of Aegon Asset Management, joins Aviva Investors as SRI credit fund manager.
Lloyds TSB hires leveraged credit director
Bank hires Paul Osment from Evolution Securities.
Index hedges may be allowed in Basel CVA charge
Basel Committee modelling group chair suggests index hedges and double counting could be fixed in proposed CVA charge.
Cebs updates operational risk market guidelines
New paper in response to feedback “an improvement”
Eurozone banking sector 'a slow-motion train wreck', says economist
Much work needs to be done to salvage Europe's banking sector but the continent's leaders are proving unequal to the task, says Larry Brainard.
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
CantorCO2e’s UK carbon desk closure signals consolidation trend
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected.
Head of Lehman Brothers UK administration steps back
Insolvency veteran Lomas to head Lehman Brothers International (Europe) (LBIE) administration in Pearson's absence.
UBS offers access to MLPs through fast-growing ETN market
UBS has launched a new exchange-traded note in the US, offering leveraged exposure to the Alerian MLP Infrastructure Index.
Indian loss data consortium Cordex ready to float
The long-expected Indian op risk loss database is in the process of being floated as a private limited company
Questions raised about CCP collateral
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
Governors gloomy on outlook for pan-African currency
South African, Nigerian and Ghanaian central bank governors say path to regional and continent-wide single currency littered with obstacles; single currency will not correct underlying problems
Aon takes a measured approach to GRC implementation
Aon Corporation, a global provider of risk management services, insurance and reinsurance brokerage, has opted for a more measured approach to adopting a GRC platform by starting with an upgrade of its existing Sarbanes-Oxley (Sox) compliance system and…
China homes in on shale gas
China hopes to replicate the United States’ success in exploring and producing shale gas as the country looks to tap into new energy resources
