News
Deutsche Bank launches ETF linked to S&P CNX Nifty index
Frankfurt-based Deutsche Bank has launched the first internationally traded exchange-traded fund (ETF) linked to the Standard & Poor's CNX Nifty, an index on the National Stock Exchange of India.
“Enron Loophole” will soon be closed: Levin
Senator Carl Levin, who chairs the US Senate's permanent subcommittee on investigations, has said that he will soon introduce legislation that will increase regulatory scrutiny of the over-the-counter (OTC) markets.
CFTC loses chief economist
James Overdahl, chief economist at the US Commodity Futures Trading Commission, has resigned to take a post at the Securities and Exchange Commission.
Nomura dissolves US structured finance research team
Nomura Securities has laid off the three remaining members in its New York-based structured finance research division and transferred two others. Among those let go was Mark Adelson, who spent six years at the firm as its head of structured finance…
SEC passes new AS5 Sox auditing rules
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OFT launches test case on unauthorised overdraft charges
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Banca Italease expects losses of €500m on derivatives
Banca Italease is expected to report losses of around €500 million on its derivatives portfolio later today.
Equity meltdown causes "sheer panic" in credit trading
As the equity markets continued their freefall today, the credit default swap market took a lead in what was described by one trader as a morning of sheer panic.
Grosvenor closes first Japanese property derivatives deal
International property company Grosvenor Group has carried out the first Japanese property derivatives trade based on the IPD Index for Japan, a two-year property total-return swap with the Royal Bank of Scotland.
Isda to publish new single-name European LCDS contract
The International Swaps and Derivatives Association (Isda) will publish a new industry-wide standard single-name European loan credit default swap (LCDS) contract. The new contract, to be published on July 30, will be non-callable with the option to be…
FSA issues good-practice advice for managing compliance risk at investment banks
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UK Government toughens money-laundering regulations
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Cayman Islands takes staged approach to Basel II
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Risk management and stability better under Basel II, but industry unprepared
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Swedish central bank head wants EU cross-border banking regulator
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Nymex to introduce new steel futures contract
The New York Mercantile Exchange (Nymex) will introduce a steel futures contract, based on an index developed by the steel industry information service World Steel Dynamics (WSD). The new contract will be available on the Nymex ClearPort electronic…
Credit Suisse boosts debt-financing team in Asia
Credit Suisse has expanded its debt-financing team for Asia ex-Japan, with 12 hires in Hong Kong.
SG CIB creates integrated swap group
Société Générale Corporate and Investment Banking (SG CIB) has created an integrated swap group to extend its franchise in the flow rates business in Europe.
Solent brings in CFO
Solent Capital Partners, the London-based collateralised debt obligation and hedge fund manager, has hired Desmond Dundon as its chief financial officer, from Merrill Lynch.
ICE names president and chairman for Ice Clear Europe
The Atlanta-based Intercontinental Exchange (Ice) has appointed new management staff for its London-based European clearing house, Ice Clear Europe.