News
Moscow bourse launches interest rate futures
The Moscow Interbank Currency Exchange (Micex) launched trading in short-term rouble interest rate futures this morning.
Isda survey finds credit derivatives backlogs improving
International banks have been making progress in speeding up the processing of credit derivatives trades, according to a survey by the International Swaps and Derivatives Association.
Icap profits up on electronic boom
UK interdealer broker Icap reported rising revenues and profits this morning, after a successful year for its growing electronic broking business.
Lane rejoins Deutsche in collateral management role
Deutsche Bank has appointed David Lane as head of equity financial resource management in New York. He rejoins Deutsche after two years at Merrill Lynch, where he was global head of the asset optimisation group. Before joining Merrill Lynch, Lane was…
BNP Paribas hires two for fixed-income insurance team
BNP Paribas has added two new structurers to the insurance unit in its fixed-income global risk solutions group.
Banc of America Securities joins TradeWeb
Banc of America Securities has started trading on TradeWeb’s electronic government bond trading platform in Europe.
Vodafone downgraded
Vodafone’s full-year results and strategic update spelt bad news for the firm’s bondholders as the UK mobile phone operator saw its credit rating revised down to the low single-A category.
Standard Chartered sets up commodity derivatives desks
Standard Chartered has set up commodity derivatives desks in London and Singapore as part of a move to strengthen its global rates and foreign exchange business.
FSA’s consultation paper scraps plans to provide an Integrated Sourcebook
The Financial Services Authority (FSA) in the UK has published consultation paper 06/10, ‘Strengthening capital standards – restructuring the handbook’. The CP sets out the FSA’s proposals to revise the prudential structure of the handbook as a…
Moody’s revises foreign currency country ceilings
A number of Europe, Middle East and Africa foreign currency issuers have seen their family ratings rise after Moody’s revised its methodology for foreign currency country ceilings for bonds and notes. The new policy incorporates the possibility that a…
Risk managers' salaries and bonuses soared in 2005, says study
Risk management professionals received high bonuses on top of sharply higher salaries in 2005, according to a recent survey by Risk Talent Associates, a US-based risk recruiting company.
Dubai Mercantile Exchange strengthens management team
The Dubai Mercantile Exchange (DME), which is set to launch in the fourth quarter of this year, has strengthened its management team with newly appointed chief operating officer, Thomas Leaver, and chief compliance officer, Sarah Watts. They have both…
TSX will trade derivatives with or without Montreal Exchange
The Toronto Stock Exchange (TSX) will set up its own derivatives exchange in 2009 if a merger with the Montreal Exchange does not go ahead, chief executive Richard Nesbitt said yesterday.
Bank of China’s credit risk chief quits, say reports
Lonnie Dounn, the Bank of China’s credit risk chief, resigned in April, slightly more than a year after he was appointed, according to Hong Kong’s English daily South China Morning Post ( SCMP ).
T-Zero teams with Calypso
Market technology provider T-Zero has teamed up with San Francisco software company Calypso to provide improved processing of credit derivatives trades
Enron's Lay and Skilling guilty of fraud and conspiracy
Enron's former chairman Kenneth Lay and chief executive Jeffrey Skilling were found guilty of conspiracy and fraud today by a Houston jury.
Atticus backs Euronext merger plans
Atticus Capital, a US hedge fund that holds 9% of the Euronext stock exchange, has encouraged Euronext to seek a merger with either Deutsche Borse or the New York Stock Exchange.
SG expands Chinese commodities team
Societe Generale has named Stephanie Clement de Givry as its new head of commodities finance in China.