News
‘Moment of truth’ for the euro, says former BoE deputy governor
John Gieve says eurozone countries are showing the political will to ensure the currency block stays intact and expresses his support for the UK's new 'twin peaks' regulatory framework
Ogata named to head SG CIB in Asia
Hikaru Ogata moves from BNP to take over SG CIB in Asia-Pacific
New contract capitalises on Canadian heavy crude growth
A Canadian heavy crude oil contract launched this week will help oil market participants to exploit expected production growth in heavy crude from Canadian oil sands
Little progress on US regulatory reform as conference ends first week
Heated debate and vote interruptions slow the reconciliation process
LCH.Clearnet re-values $218 trillion swap portfolio using OIS
Changes in valuation were “relatively small”, says clearing house
Bank of England shoulders responsibility for prudential regulation
UK Chancellor of the Exchequer confirms the FSA is to be abolished and replaced with a new regulatory regime.
French banks under pressure to hold more op risk capital
Rogue traders and a worsening financial crisis are leading French regulators to put pressure on banks to hold more capital for op risk
Winters named on UK Banking Commission
Former JP Morgan investment bank co-chief is one of five to decide on the future of UK banking
Tradition closes its first Italian gas trade
Tradition has closed its first Italian gas trade on the back of rising liquidity in the Italian gas and power markets
Banks fail to exploit market for smartphone apps
Third parties are developing downloadable applications (apps) for banking, leaving banks lagging behind
JP Morgan names Cohen as Asia head of ultra-HWI private banking
US bank seeks to put in place senior management to take on the lucrative Asian wealth market.
BIS position on OTC clearing eligibility at odds with EC
BIS top economist suggests all OTC derivatives could be standardised and sent to CCPs, but EC favours a more measured approach to determining clearing eligibility.
Credit Suisse expands Australia equity derivatives with Kiely hire
Credit Suisse has expanded its equity derivatives and structured products operations in Australia with the appointment of Lucas Kiely as director and head of equity derivatives sales and Chelsea Wise as director and head of structured products sales
Corporates should be forced onto central counterparties – BIS
Central counterparties are wrongly perceived as being more expensive than OTC transactions, says a leading economist.
S&P creates taxable municipal bond index; talks structured products and ETFs
Standard and Poor's Taxable Municipal Bond Index offers exposure to a market that has grown substantially since the beginning of 2009.
Morgan Stanley bolsters EQD team
Newcomers to focus on the Middle East and North Africa (MENA) region.
‘Fatal flaw’ may derail euro project, says Axa
Global head of fixed income at Axa says a more cohesive political union is needed if the Eurozone is to survive.
Liquidnet debuts offshore alternative trading in New Zealand
New Zealand is poised to have what is believed to be its first offshore dark pool when Liquidnet launches its trading operation on June 22.
UBS creates reverse convertible index to beat deposit returns
UBS index meets demand from German retail investors for regular income that beats the European Central Bank's base rate.
Jain takes sole charge of Deutsche’s investment banking division
Cohrs' retirement leaves Jain in pole position to succeed Ackermann, say analysts.
Capital protection retains its allure in Switzerland, SSPA
Investors continue to buy capital-protected products, but shy away from leverage.
Korea moves to restrict FX derivatives leverage
Bank of Korea and Ministry of Strategy and Finance cut back leverage caps and limit corporate hedging of currency risks to 100% from 125% of exposure
Hong Kong structured product providers warm to ‘cooling off’ period
New SFC rules will also force dealers to offer secondary pricing