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FSA looks into hedge fund risks
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Specialist credit manager Credaris taps CEO
Credaris Portfolio Management (CPM), a credit-focused asset management company, has hired Andrew Donaldson as chief executive officer. Donaldson joins from JP Morgan Securities, where he led the investor client management practice for European banking…
Hedge fund panel advocates CRO function
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Task force formed on transatlantic derivatives trade
US and EU regulators have set up a task force to help integrate regulated derivatives markets on each side of the Atlantic.
Deutsche Bank expands US structuring desk
Deutsche Bank has expanded its US retail structuring desk by hiring Christopher Yeagley as head of the desk and Scott Milner as a vice-president in retail structuring.
CBOT receives merger bids
With an initial public offering (IPO) due in the next few months, the Chicago Board of Trade has received several merger bids from an unnamed source.
Austrian Energy Exchange launches emissions trading
The Austrian Energy Exchange, EXAA, joined the ranks of European exchanges trading emissions yesterday with its first spot auction of European Union CO 2 allowances (EUAs).
FRS to buy Providus compliance software
FRS, a division of S1 Corporation, is to buy the Providus risk management and compliance arm of Zions Bancorporation for $800,000.
November launch for Dubai exchange
The Dubai Gold and Commodities Exchange (DGCX) will open for trading in November this year, chairman David Rutledge said today.
Swiss Re to launch emissions desk
Global reinsurance firm Swiss Re will set up an emissions desk in within a month, says Chris Walker, New York-based managing director of the greenhouse gas risk solutions team at the company.
Bank of England says back office delays still a risk
Delays in trade confirmations are still a problem in credit derivatives trading and expose the industry to unnecessary risk, according to a report by the Bank of England.
UK speeds towards Basel II implementation
LONDON – Momentum is gathering at the UK’s Financial Services Authority (FSA) for the implementation of Basel II in the island nation.
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US banks hold $91 trillion in derivatives, says OCC
The notional volume of derivatives held by US banks rose by $3.2 trillion to $91.1 trillion in the first quarter of the year, according to the US Office of the Comptroller of the Currency (OCC).
Linklaters strengthens Asian securitisation teams
Linklaters has added four more lawyers to its Asian structured finance and securitisation practice, set up earlier this month under Paul Kruger.
Schwab quits Barclays to return to AIG
AIG Financial Products, the derivatives arm of the American International Group, has hired Matthew Schwab as managing director in its investor coverage group.