News
People briefs
People
Spanish hedge funds await rules
New angles
Katrina sparks model rethink
New angles
Hedge fund losses help secondary trading
New angles
Bayou fraud puts focus on due diligence
New angles
NewSmith uses option redemption on CDO
New angles
RiskNews
RiskNews
Dealers set to eliminate most unconfirmed trades by mid-2006
Dealers plan to eliminate the majority of unconfirmed credit derivatives trades by mid-2006, Mark Davies, head of global credit derivatives trading at Bear Stearns, told delegates at an International Swaps and Derivatives Association conference in New…
SEC’s Atkins slams hedge fund rule again
Paul Atkins, a commissioner at the US Securities and Exchange Commission (SEC), has renewed his criticism of the regulator’s hedge fund registration rule – due to go into effect in February 2006.
BarCap hires Orpin to its UK pensions team
Barclays Capital has hired Gavin Orpin as an associate director in its UK pensions team which assists pension fund clients with asset/ liability management, risk management, yield enhancement and alternative assets.
SuperDerivatives launches equity option pricing service
New York-based option pricing software company SuperDerivatives has expanded its valuations service into the equity asset class. This supplements its existing option pricing service in foreign exchange and its recent foray into interest rate products on…
MBIA moves to boost Asian structuring business
Monoline insurer MBIA has recruited Hee Suk Noh from Bank of America’s global asset-backed securitisation team to boost its marketing effort in Tokyo.
BarCap snares Seeger from ABN Amro
Barclays Capital has hired Kai Seeger from ABN Amro as a director in its credit derivatives trading team in London.
Credit derivative market grew 48% during first half of 2005, says Isda
The notional amount of credit derivatives outstanding hit $12.43 trillion at the end of June, according to the International Swaps and Derivatives Association.
European Parliament gives green light to Basel II
The European Parliament has voted to adopt the new rules governing the Capital Requirements Directive, which will implement the Basel II framework in the EU.
EEX to launch carbon derivatives contract
The European Energy Exchange (EEX) plans to launch a futures contract for carbon emissions allowances in October, pending regulatory approval.
FASB likely to announce fair-value pensions project in October
The US Financial Accounting Standards Board (FASB) will consider a proposal from its staff for the overhaul of pension accounting in October. Some analysts predict that it will subsequently add to its agenda a project to require mark-to-market accounting…
BNP Paribas makes two senior hires to its equity derivatives team
BNP Paribas has bolstered its equities and derivatives trading business with two new hires. Eric Le Brusq will join as deputy head of equities and derivatives worldwide, and Todd Steinberg becomes deputy head of equities and derivatives for the Americas.
Del Missier and Kvalheim named co-presidents of BarCap
Jerry del Missier and Grant Kvalheim have been named co-presidents of Barclays Capital amid wider organisational changes at the UK bank. Both will report to Robert Diamond, president of Barclays.