News
BAML bumps up rates with Reynolds
Bank of America Merrill Lynch has hired Craig Reynolds as head of North American rates and made internal moves to beef up its rates business in Europe
UK Bribery Act guidance fails to clarify compliance issues
New guidance from the Ministry of Justice and the Serious Fraud Office helps in some areas but muddies the waters
Borrowers warned to not take refinancing risk lightly
With a debt maturity wall looming, issuers should not assume good access to markets today will still be available next year, said participants at a press conference in London
SocGen socially responsible ETN donates fees to charity
Société Générale's first London-listed note to track SRI companies also benefits charity by giving fees to the Teenage Cancer Trust
Triple threat to sovereign default-risk-free status
European policymakers and regulators are considering dramatic changes to the capital treatment for government bonds
Apra QIS shows operational risk capital to increase for insurance firms
Australian Prudential Regulation Authority says industry not ready to model for operational risk capital rules
iShares launches first short-dated sterling corporate bond ETF on the LSE
iShares' latest fixed-income ETF gives investors a tool to manage duration risk and the potential for good returns
NZ Reserve Bank releases sector-specific money-laundering assessment
New Zealand's central bank carries out sector risk assessment to help firms comply with the NZ Anti-Money Laundering and Countering Financing of Terrorism Act
S&P: Negative hedging outlook for nat gas producers
High natural gas supply, weak prices to continue; non-investment grade producers to suffer as current hedges roll off
Thai linker issue pushed back to end of June
Mandate may be awarded to mix of foreign and local banks, PDMO official says
MAS appoints Menon as new managing director
The Monetary Authority of Singapore (MAS) has named Ravi Menon as its new managing director. He replaces Heng Swee Keat who is leaving administrative service.
HSBC's new global custody head talks Japan and priorities for 2011
John van Verre, HSBC's head of global custody at HSBC Securities Services, has told ICFA there has been little impact to its business in Japan following the devastating earthquake and tsunami.
US regulators propose standards to give securitisers skin in the game
Regulators release risk retention rule; publish a specific loan-to-value ratio for those mortgages that will be exempted
Prop traders switching to Hong Kong hedge funds boost industry
Proprietary traders moving from banks to Hong Kong hedge funds has helped the industry turn a corner, say hedge fund market participants, and an SFC hedge fund report indicates the industry is bouncing back in Asia.
Polish OTC clearer aims for 2012 launch as Europe fragments
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps
Tepco spreads tighten as nationalisation rumours grow
Credit default spreads narrow on Fukushima plant operator and Japanese sovereign while BP widens on manslaughter charge reports
CFTC urged to raise bar for CCP stress tests
Market participants say CFTC proposals should be more detailed, more prescriptive
'Media misinformation' is harming US structured products industry
A torrent of misinformation printed by the media and calls from plaintiff law firms for investors to bring claims is damaging the industry, according to structured product bankers and lawyers
Periphery and inflation offer headaches for Eurozone – Credit Institute panel
Participants on a Credit Institute panel debate held in London argued that peripheral funding and inflation are the major challenges for the Eurozone
Conflicting interests at heart of Eurozone crisis, say Credit Institute panellists
Marrying the needs of strong core and weak periphery is far from straightforward, said panellists at latest Credit Institute event
Time runs out for position limits comments
CFTC’s latest position limits plan attracts thousands of comments; opinion deeply divided; new commissioner to affect final vote
Deutsche Bank and PowerShares list first ETNs linked to foreign sovereign bond futures
Deutsche Bank and PowerShares list first ETNs linked to foreign sovereign bond futures
HKMA’s Yuen urges banks to take action now on Basel III LCR; warns of negative impact for corporate debt markets
Banks should begin preparing in earnest to meet the Basel III liquidity requirements as regulators begin the process of supervising banks’ compliance with the new rules, according to the deputy chief executive of the HKMA.
Morgan Stanley names Christianson and Strong co-CEOs Asia-Pacific
Morgan Stanley has named Wei Sun Christianson and William Strong as co-heads of Asia to replace outgoing Owen Thomas.