News
US federal regulators endorse "appropriate" Basel III
Bair says evidence supported even higher capital requirements under revised Accord
Basel Committee sovereign debt plans criticised
Basel Committee’s proposal to increase bank liquidity through sovereign bonds could hinder efforts to meet capital ratio targets, conference hears
FSCS denies compensation on capital-at-risk Lehman products
The UK Financial Services Compensation Scheme has concluded that the marketing material for Lehman Brothers's capital-at-risk products was adequate and appropriate
Citi opens China desks overseas following Chinese companies' expansion
Citi opens hedging desks in Johannesburg, London, Sao Paolo and New York to help Chinese multinationals with hedging, cash management, trade and treasury services and lending activities
US equivalence "impossible" in forseeable future - Allianz CRO
CRO says lack of market consistency will prevent regime being granted equivalent status under Solvency II - and this will lead to European companies being disadvantaged
Carr joins Rabobank as head of ETF marketing
After leaving BNP Paribas in February, Matthew Carr has been appointed head of ETF marketing for Rabobank in London.
Sigor chair says Basel guidance on insurance as op risk mitigant imminent
Guidance paper approved by Basel Committee looks at insurance as a mitigant for AMA institutions
CME chief says central clearing house removes 'black swan' threat
Chicago Merchantile Exchange's (CME) Asia energy and metals chief says the group’s central counterparty clearing (CCP) house removes the possibility of a ‘black swan’ incident
Crédit Agricole moves Lainé to lead financials in Asia
Crédit Agricole moves Lainé to lead financials in Asia
Credit Suisse names Abbasi as new Asia chief exec
Credit Suisse names Abbasi as new Asia chief exec
HSBC AM names Asia sovereigns head
HSBC AM names Asia sovereigns head
Lombard Odier hires EM debt chief
Lombard Odier hires EM debt chief
MTS recruits new head of markets
MTS recruits new head of markets
Harrisburg woes spark fears of muni crisis
Harrisburg woes spark fears of muni crisis
Growth in Bric nations may not help global economy
Growth in Bric nations may not help global economy
European issuers flock to Yankee market to benefit from dollar/euro basis swaps
European issuers flock to Yankee market to benefit from dollar/euro basis swaps
UK businesses relieved over CRC’s dumping of carbon trade
Government plans to dump the cap-and-trade element of the UK Carbon Reduction Commitment (CRC) will ease risks for participating companies
Fears of rising interest rates spurs switch and floored note issuance
As investors seek protection against interest rate rises, Bank of America Merrill Lynch and Morgan Stanley are among the banks responding with rates products offering minimum returns.
Future of OTC operational commitments under review
OTC derivatives legislation prompts rethink of industry letters to the New York Fed
Stricter regulation possible for Ucits hedge funds
French seeking to apply stricter rules to funds using complex investment strategies, claim Cesr support
New methodology to address 'dearth' of forestry offsets
Methodology should increase supply, developer says, providing end-users with high-quality carbon offsets
2010 Asia Pacific CVA Forum: Singapore going live with CVA, Korea next?
Domestic banks in Singapore are starting to set up CVA desks at the behest of their regulator, but elsewhere in Asia there are significant obstacles to CVA
Potential back-door route to Solvency II equivalence for US insurers
EC outlines potential route for US insurance regulatory regime being granted equivalent status to Solvency II
ATP hits out at resurgence of hybrids
Hybrid debt is in the firing line for offering equity risk but only bond yields