News
New Crude High on Supply Woes
Crude oil for May delivery hit an all time high of $113.93 in intraday trading on the New York Mercantile Exchange (Nymex) today
GSEs could endanger US credit rating
Exposure to government-sponsored enterprises (GSE) such as Fannie Mae and Freddie Mac could threaten the US government's AAA credit rating, New York-based rating agency Standard & Poor's has warned.
Nomura hires HSBC Asia risk head Denby
Nigel Denby, formerly Asia head of traded credit and market risk at HSBC in Hong Kong, joined Nomura on April 9 in a newly created post as regional head of risk management and credit in the same city.
Deutsche poaches JP Morgan credit execs for equity derivatives
Deutsche Bank has hired three former JP Morgan credit executives to form a China institutional equity derivatives sales team, to be headed by Cindy Wang.
German structured products to receive rating scrutiny
Germany’s structured products look set for a shake-up, as the country’s buoyant certificate industry receives its own rating system, designed to improve transparency in the market.
MBS capital charges coming soon in Basel II shake-up
Basel II capital requirements on structured credit products are to be raised as part of a wide-ranging review of risk management practices for financial institutions in G-7 nations, the Financial Stability Forum (FSF) has announced.
Calyon appoints Lainé head of Asia fixed income
Calyon, the corporate and investment banking arm of Credit Agricole, has promoted Frédéric Lainé to head of fixed-income markets for Asia, excluding Japan.
Wellink defends Basel II
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CESR publishes Mifid Q&A
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Iosco updates securities regulation
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IMF reports on market turmoil
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Danske Bank retail service crippled by ATM glitch
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Senior supervisors group out with new disclosure report
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Banks need more transparency, says IIF
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Review of CRD expected by September 2008
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Barclays appoints Jenkins chairman for Middle East
Barclays has appointed Roger Jenkins chairman of investment banking and investment management (IBIM) for the Middle East.
ABN Amro poaches Sturmey as Asia-Pacific ECM head from UBS
ABN Amro has appointed John Sturmey as its Hong Kong-based head of equity capital markets (ECM) for Asia-Pacific. He moves from a similar role at UBS in Hong Kong.
JP Morgan announces new heads post-merger
JP Morgan has appointed five Bear Stearns executives to top positions, in its first senior management restructuring since it rescued the rival bank.
Orbeo makes first Phase III carbon trade on ECX
Carbon trading company Orbeo has completed the first futures trade for Phase III of the EU emissions trading scheme (EU ETS), on European Climate Exchange’s new 2013 EUA contract.