News
Paternoster leads bulk purchase buyouts
Paternoster, the London-based bulk purchase vehicle, is leading the surge in voluntary bulk buyouts of corporates’ pension schemes, a year on from the launch of these vehicles.
Trading Technologies launches gateway to Singapore Exchange, opens new Asia HQ
Trading Technologies (TT) has launched its new Singapore Exchange (SGX) gateway, the exchange connectivity software vendor’s first connection to the Asian financial markets, and moved into new Singapore offices.
E-On reaches asset agreement with Enel/Acciona over Endesa bid
German energy utility E.On has withdrawn its bid for Spanish utility Endesa. The decision was taken after E.On reached agreement with rival joint-bidders Enel, an Italian utility, and Acciona, a Spanish construction and services company, to acquire some…
Coral to acquire Avista
Coral Energy, a subsidiary of Shell Trading, has agreed to acquire all operating assets of Avista Energy, the energy marketing and trading subsidiary of Avista Corporation.
Italians win Yukos auction – for Gazprom
EniNeftegaz , a Russian joint-venture between Italian companies Eni (with a 60% stake) and Enel (with a 40% stake) is the second winner in a round of auctions selling off the assets of Russian oil giant Yukos.
China has top growth potential for Asian wealth, says BarCap
China is viewed as having the highest growth potential of any wealth management market in Asia during the next two years, followed by India, according to Barclays Capital’s annual industry survey, published on April 23.
Icap appoints new risk head
Herve Geny has joined interdealer broker Icap as global head of risk.
ISDA AGM: Credit support agreements grow
The number of credit support agreements between parties trading over the counter derivatives contracts grew 21% to 133,193 since last year, according to the International Swaps and Derivatives Association’s margin survey, previewed last week at its…
FSA to reward good "principles-based" practice
Firms seen by the UK Financial Services Authority as being “well-controlled and managed” in terms of its regulatory processes could potentially see lower capital requirements and supervision as a result of adopting principles-based regulation.
Isda AGM: FSA’s Tiner warns against complacency
Outstanding confirmations in the credit derivatives market have continued to improve, falling to 5.5 days versus 16.2 days a year ago, according to figures from the International Swaps and Derivatives Association. The amount of time it takes for firms to…
UBS enters European power and gas
UBS has launched its European power and gas business with a trade in the UK gas market.
Isda AGM: Bank of America’s Lewis urges continued vigilance as market booms
In a speech that highlighted the way in which derivatives have contributed to global economic stability and prosperity, Bank of America’s chief executive and chairman, Kenneth Lewis, cautioned that the derivatives industry must work hard to ensure its…
Isda AGM: Industry associations publish principles for retail structured products
Five leading trade associations released a draft set of principles governing structured products for retail investors at the International Swaps and Derivatives Association’s annual general meeting in Boston yesterday.
Isda AGM: new board named
Isda named its new board of directors at its annual general meeting in Boston yesterday.
Isda AGM: Collateral requirements decreasing
The International Swaps and Derivatives Association published preliminary results of an analysis on credit risk among 18 of the largest derivatives dealers, during its annual general meeting in Boston yesterday. The final report is expected to be…