News
Solvency II to increase FX hedging
Solvency II could cause rise in foreign exchange hedging programmes by insurers
Solvency II to push annuity providers to gilts
Fitch analysts say demand for corporate bonds could drop as Solvency II forces UK insurers to opt for gilts
Basel Committee: no decision yet to scrap Basel III liquidity rules
Regulators accept reform package will need to be reshaped but claim no decisions will be taken until July's committee meeting
Container swap derivative clearing to boost market
LCH Clearnet's launch of a new over-the-counter (OTC) clearing service for container freight swap agreements is set to inject liquidity into the emerging market
Asian traders lukewarm to renminbi despite US dollar-depeg
Asian exporters and importers are waiting to see more investment and hedging instruments for offshore renminbi before adopting the currency for trading
Recruitment and staff retention a challenge for the FSA
One of the key challenges for the FSA will be the retention of talent throughout its restructure
Regulators refute calls for Basel III rethink
Speculation that Basel Committee will scrap key proposals in bank capital framework is misplaced, say insiders.
FSA heads push back on regulator's abolition
Chairman and chief executive of the UK regulator say decision to break it up is ill-timed
Petrone rejoins Citi as head of capital markets
Citi Private Bank in New York has named Thomas Petrone as head of capital markets, with responsibility for the bank's ultra-high-net-worth clients
BNP Paribas snares Quentin Renaud from SocGen for MTNs and structured products
BNP Paribas has added Quentin Renaud to its London-based global MTN trading desk
FTSE indexes track firms' carbon exposure risk
Two new carbon indexes will enable investors to make investment decisions based on how carbon reduction schemes affect company earnings
RBC offers exposure to BP through structured products
Royal Bank of Canada has issued a new reverse convertible based on BP. The oil company's shares have risen in the US market in recent trading despite hitting a 13-year low on the London Stock Exchange
Capital gains tax reprieve cheers investors amid budget gloom
The less-than-expected increase in capital gains tax announced by UK chancellor George Osborne means structured products retain their tax-efficient status
Asia's rich overtake Europe, says wealth report
Hong Kong's population of wealthy individuals more than doubled last year - the strongest crisis rebound in the world.
Brokerage expands renewable fuels capabilities
Evolution Markets expansion targeted to respond to growing demand for alternative energy sources
White House to appeal block on drilling moratorium
The US President will immediately appeal yesterday’s ruling by a Louisiana judge to block the six-month drilling moratorium put in place in the wake of the Deepwater Horizon spill in the Gulf of Mexico
High-net-worth investment in structured products set to rise
The latest Capgemini/Merrill Lynch World Wealth Report predicts greater investment in structured products on the back of a recovery in high-net-worth investors' finances
IEA warns over medium-term global crude oil markets
Despite improvements in investment outlook since 2009, the IEA still has reservations about supply concerns in the next five years
IOR opens Asian chapter
The Institute of Operational Risk hopes its new Hong Kong chapter will enhance the profile of operational risk management in Asia
US regulatory guidance for compensation structures snubs FDIC proposal
Final pay guidance from US regulators shows no trace of Federal Deposit Insurance Corporation’s (FDIC) proposal for higher premiums for banks with risky compensation structures
Meucci and Litterman promise new portfolio system for new hedge fund
Bloomberg risk specialist Attilo Meucci has joined Bob Litterman and two ex-Goldman Sachs colleagues at a new hedge fund.
Experts examine US power clearing and netting needs
As the US Congress moves to boost derivatives clearing requirements, an industry panel has called for regulators to investigate a move towards clearing and netting across US power markets and to clarify the legal uncertainty in the area
Chris Lee reappears at Deutsche Bank as head of GMIP and db-X, Asia
Deutsche Bank has hired Chris Lee as head of structured products for Asia, just a few months after he left a similar position at UBS