News
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Isda launches Chinese collateral glossary
The International Swaps and Derivatives Association today launched a Mandarin/ English glossary of collateral terms, as it seeks to encourage the use of collateral in credit risk mitigation for the Chinese-speaking world.
Bumper 2005 for exchange-traded derivatives
Exchange-traded derivatives had another bumper year in 2005, with a record volume of transactions being logged on both sides of the Atlantic.
Eurex board confirms it is seeking US partner
Swiss-German derivatives exchange Eurex has confirmed it is in talks with a number of rival US-based exchanges about forming a partnership to expand its ailing US business.
London public-sector pension fund aims to close liability gap
The London Pensions Fund Authority (LPFA), which manages total net assets of £3.2 billion for local authorities and other public sector bodies in the UK capital, plans to substantially revamp its investment strategy to make up for its liability deficit…
Patsystems poaches chief executive from AttentiV
David Paul Webber, former chief executive of UK financial services software developer AttentiV Systems Group, joins Patsystems today as chief executive to replace outgoing head Kevin Ashby.
Calyon appoints new London treasurer
Calyon's Asia-Pacific treasurer, Phillipe Cotillon, is set to leave the French bank's Hong Kong office to take up a similar treasury role in London, according to RiskNews ' sister publication FX Week .
NASD fines State Street for reporting failures
The record $1.4m fine is for neglecting to report trades to Trace
2,000 sign up to Isda Novation Protocol
But some buy-side institutions claim they were given little choice in signing up
S&P admits that GM bankruptcy is no longer 'far-fetched'
Continued uncertainty over the sale of GMAC has exacerbated negative sentiment surrounding the automaker