News
BP restructures to “close performance gap”
Oil company BP has announced it will restructure its business as part of a global initiative to close a performance gap with its rivals.
Deutsche Bank appoints European co-heads for securitised products group
Deutsche Bank has appointed Marzio Keiling and Mark Graham as co-heads of its European securitised products group. Keiling and Graham will be based in London and report to Erik Falk and Frank Byrne, co-heads of the global securitised products group.
Dresdner Kleinwort strengthens equity and credit derivatives teams
Dresdner Kleinwort, the investment arm of Dresdner Bank, has added new London-based staff to its equity and credit derivatives business.
Market risk regulatory capital expected to rise
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Standard Chartered Bank appoints new global head of interest rate derivatives
Standard Chartered Bank has hired Nitin Gulabani as global head of interest rate derivatives for its wholesale banking business. Gulabani will be based in Singapore and report to Michael Bass, global head of rates and foreign exchange.
RBS expands Middle Eastern structured investor products business
RBS has appointed Nabil Kobeissi and Zineb Ayouch to its Middle Eastern structured investor products (SIP) business in London.
BNP Paribas appoints new head of ABS correlation trading
BNP Paribas has appointed Peter Nowell as head of asset-backed security (ABS) correlation trading within fixed income, as of October 17.
UK FSA approves Omgeo transaction reporting
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Banks buy into TradeWeb as shift to electronic broking continues
Nine major banks have invested a total of $180 million in Thomson TradeWeb, as part of a deal that will see the Connecticut-based online fixed-income and derivatives marketplace expand into new areas.
Basel Committee plans new default risk capital requirements
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Merrill writedowns throw light on risk management
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ABN Amro chairman Groenink to quit bank
Rijkman Groenink, chairman of the managing board of ABN Amro, has announced he will step down, after 33 years of employment at the bank.
EEX and Eurex to cooperate in CO2 trading
The European Energy Exchange (EEX) and international derivatives exchange Eurex announced today that they are to offer a common platform for emissions trading.
CPDO ratings scorned at credit risk summit
Rating agencies have come under attack once again for assigning ratings to constant proportion debt obligations (CPDOs), during a panel discussion at Risk’s 2007 Credit Risk Summit Europe in London.