News
FXMarketSpace opens for business
FX MarketSpace, an international foreign exchange trading platform run by Reuters and the Chicago Mercantile Exchange (CME), started operations today.
European defaults growing, according to Moody’s
The rate of defaults among speculative-grade European corporate bond and loan issuers more than doubled in 2006 and will increase further in 2007, according to New York-based Moody’s Investors Service.
DIB launches first sukuk
Dubai Islamic Bank (DIB) has launched its first Islamic sukuk bond.
Equities and fixed-income merged in Morgan Stanley overhaul
Morgan Stanley has made broad changes to its organisational structure and reporting lines, including ditching the separation of equities and fixed-income.
War of words escalates in Cbot battle
A week after IntercontinentalExchange (ICE) announced its audacious $10 billion attempt to prise the Chicago Board of Trade from their grip, Chicago Mercantile Exchange executives gathered in Chicago to pour scorn on the proposal.
RAPM popular, but doubts remain over reliability
Risk-adjusted performance measurement (RAPM) techniques are spreading rapidly across the risk management industry, but many still doubt how reliable the results are, according to an industry survey.
Deutsche and VTB launch CIS corporate CDO
Deutsche Bank and VTB Bank Austria have launched a collateralised debt obligation (CDO) based on corporate debt from member countries of the Commonwealth of Independent States (CIS).
RBS names Capp as leveraged capital markets head
Royal Bank of Scotland Global Banking and Markets has named Eric Capp as head of leveraged capital markets for Europe and Asia.
Canada and Australia risk banking crisis, Fitch says
Canada and Australia are running the risk of a banking crisis of the type that hit Iceland in 2006, according to a report from Fitch Ratings.
Deutsche hires securitisation head for Asia ex-Japan
Gregory Park has joined Deutsche Bank as the Hong Kong-based managing director and head of securitisation for Asia excluding Japan.
BarCap names corporate risk chief
Christopher Rees has joined Barclays Capital as head of corporate risk advisory for Scandinavia, Benelux and Switzerland, a newly created post.
Channel Capital launches CDPC
London-based asset management company Channel Capital Advisors is preparing to launch a new credit derivatives product company (CDPC).
HDFC Bank chooses Misys for rates derivatives
HDFC Bank in India will adopt Misys Summit to process interest rate and currency derivatives. The system is scheduled to go live at the end of this year.