News
Crédit Agricole adds five to fixed income in Hong Kong
Crédit Agricole has bolstered its fixed-income team in Asia with five sales and trading hires
UK ETF investors abandoning FTSE 100 in favour of global indexes
The balance of UK investments in ETFs has shifted from the FTSE 100 index towards ETFs based on the S&P 500, MSCI Emerging Markets and Japan in the first quarter of 2010.
Execs would not be surpised if Eurozone shrinks, report claims
RBC Capital Markets survey say Greece most likely country to leave the eurozone.
Citi strengthens emerging markets equity derivatives team
Citi has added four new hires to its CEEMEA operations as its equity derivatives platform pushes into emerging markets.
AIFM first reading vote delayed until September
Belgium is set to take over negotiations for the alternative investment fund managers (AIFM) directive after talks between the European Union council and parliament broke down last week.
Sifma members lose confidence in risk capabilities
A declining number, falling below 5%, of Sifma member firms are comfortable with their risk management capabilities, according to an updated survey of 240 Wall Street participants conducted by IBM, issued at the Sifma Financial Services Technology Expo…
BIS steps up pressure to end financial sector support
Emergency measures brought in during the crisis are now doing more harm than good, annual report says
McKinnon & Clarke’s purchase of Encore signals M&A trend
The takeover of the risk management firm signals a potential trend for further consolidation in the energy services sector
Concerns grow on correlation of derivatives collateral
Sovereign debt crisis raises fears about correlation of derivative collateral denominated in domestic currencies
Central banks’ holdings of US agency debt rise on dollar demand
Fed data show official-sector holdings of US agency securities rose for a 12th straight week; auction for seven-year US Treasury bills displayed growing demand for dollar denominated assets
$19 billion risk levy will fund US financial reform
Risk-based charge will cover cost of reform bill passed today
FDIC will apply lower deposit limits to products in circulation
If the US congress votes to lower the deposit insurance limit to $100,000, then that figure will count for products currently in circulation, says the FDIC