News
Polling starts on Risk and EPRM’s 2003 energy and commodity rankings
Risk magazine and sister publication Energy & Power Risk Management (EPRM) today began polling for their 2003 energy and commodity rankings.
Danske restructures FX sales
Danske Bank has reorganised its forex sales team in London into separate units for corporate and institutional customers.
Bank One updates technology to boost derivatives
Bank One is hoping to expand its global interest rate derivatives trading business by replacing decade-old customised trading software with new off-the-shelf technology.
Robeco to offer new equity derivatives-based fund
Dutch asset manager Robeco plans to launch a second guaranteed fund product that uses equity derivatives.
Green light for securities firms
New angles
Coupon clamp-down on Italian retail products
The Banca d’Italia is considering a plan to cap coupon payments on structured investment products targeted at retail investors, according to market sources. Coupons would be limited to no more than double the one-year Euribor rate, which currently stands…
Japan follows US in holiday mood
Trading in Japan’s credit default swap market remained subdued throughout the week, because of Thursday’s Thanksgiving holiday in the US and a general month-end slow down in activity.
Synergy snaps up Cor Risk solution for investment strategy management
Toronto-based Synergy Asset Management (Synergy) has implemented a risk portfolio management tool from London-based software analytics Cor Risk Solutions. Synergy said it has licensed Bita Research and Bits Risk Modeller to support its investment…
Europe sees low trading volumes in credit derivatives following US holiday
Trading volumes in the European credit default swap market have dissipated towards the end of the week, following yesterday’s holiday in the US. Spreads remain tight with muted reaction to negative news on particular credits, including Munich Re’s poor…
French credit derivatives trade rules relaxed
Credit derivatives dealers are in line to win more business from French fund managers after the country’s regulator today ruled that trading restraints are to be liberalised.
Icap sees 30% profits increase
Inter-dealer broker Icap has increased its interim pre-tax profits by 30% to £58.2 million, thanks to longer-term interest rate and credit volatility, the company reported.
More insurers to outsource says Swiss Re
Insurance companies are increasingly turning to outsourcing of their asset management operations to manage risks and improve returns, according to Swiss Re.
Swiss banks low risk but face market saturation, says Moody's
The two-tiered Swiss banking system, split between global giants Credit Suisse Group (CGS) and UBS at one level and smaller regional and private banks at another, continues to exhibit comparatively low risk levels, said Moody’s in a report on Swiss banks…
Lazard Asset Management appoints ex derivatives strategist head of fixed income
Lazard Asset Management has appointed Steven Blitz as head of global fixed income. He joins from wealth management group Offitbank and was previously a derivatives product strategist at Salomon Brothers.
Merrill Lynch in drive to promote active currency risk management
Any investor with international dealings should examine their currency exposure in a systematic way and treat foreign exchange as an asset class, according to securities house Merrill Lynch.