News
Network Rail begins inflation-linked debt push
UK rail operator Network Rail is issuing a 30-year index-linked bond - the first in a series that could total more than £6 billion.
Bank of England warns of liquidity and credit risk problems
In its latest Financial Stability Report, released yesterday, the Bank of England said the UK financial system was still healthy, but warned that advances in financial engineering were exposing the system to the risk of a sudden decline in credit quality…
Credit Suisse hires in equities
Credit Suisse has made a number of new hires in equity derivatives globally, following the bank's formation of a London-based equity derivatives product management group.
Overley joins HSBC as head of structured fund origination
Kurt Overley has joined HSBC in New York as global head of origination for structured fund products.
JP Morgan adds manager to quantitative strategy
JP Morgan has launched a new synthetic quantitative strategy that gives investors exposure to the cyclicality and momentum in the commodity markets. However, in a twist to those structured products whose payouts are dependent on rules-based, quantitative…
DTCC names risk chief
The New York-based Depository Trust and Clearing Corporation (DTCC) has named Douglas George as its first chief risk officer.
Calyon names new CDO chief
Benjamin Jacquard has joined Calyon in London as global head of credit markets and collateralised debt obligation (CDO) structuring.
Derivative Fitch outlines views on collateralised FX obligations
Derivative Fitch has published its considerations for analysing and rating collateralised foreign exchange obligations (CFXOs). The CFXO report, the first to be published by a rating agency, details the structure of the product, the principal risks and…
Nymex to offer uranium futures contracts
The New York Mercantile Exchange (Nymex) has signed a 10 year agreement with Ux Consulting Company, a uranium pricing index and information provider, to introduce on and off-exchange traded uranium futures products. The contracts will be listed on the…
Fitch: fewer downgrades for European managed synthetics
European managed synthetic collateralised debt obligations (CDO) tranches have historically suffered fewer downgrades than their static counterparts, according to data produced by rating agency Derivative Fitch.
New chairman for DTCC
Donald Donahue has been named as the next chairman of the New York-based Depository Trust and Clearing Corporation (DTCC), replacing Jill Considine.
Markit hires Cameron to head indexes and equities
Niall Cameron has joined pricing information provider Markit in London as executive vice-president in charge of the index management and equities businesses.
CME plans debt index derivatives
The Chicago Mercantile Exchange (CME) will launch futures and options based on Lehman Brothers' index of US investment-grade debt later this year.
Isda to publish rules for European loan derivatives
The International Swaps and Derivatives Association will publish an industry-wide standard contract for trading loan derivatives in Europe by the end of May, according to David Geen, Isda’s European general counsel in London.