News
BoNY appoints head of EMEA structured finance
The Bank of New York Mellon has appointed Dean Fletcher as managing director of its structured products group covering Europe, the Middle East and Africa (EMEA) for the international division of the company’s global corporate trust business.
Carson global head of Deutsche’s new derivatives unit
Deutsche Bank has named Richard Carson as global head of global equity derivatives (GED) - a newly-integrated business unit that includes the bank's vanilla, synthetic and complex equity derivatives franchises.
UBS appoints Philip Lofts as new group risk COO
UBS has made changes to its risk division, appointing Philip Lofts as group risk chief operating officer. The appointment comes a month after the bank, which has been the biggest victim of the subprime losses, released a report to shareholders citing …
SunGard acquires Strohl Systems
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UBS in risk management shake-up
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EU Council says Lamfalussy Committees need strengthening
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Solvency II QIS4 receives lukewarm UK reception
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US regulators to publish TSA plans for Basel II
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DGCX to launch two new crude oil futures contracts
Two new crude oil futures products will be launched by the Dubai Gold & Commodities Exchange (DGCX) on 27 May.
Crude surges past $129
Crude oil reached record highs of $129 a barrel on the New York Mercantile Exchange (Nymex) today as the Organisation of Petrolium Exporting Countries announces it will not be boosting output.
Crude surges past $129
Crude oil reached record highs of $129 a barrel on the New York Mercantile Exchange (Nymex) today as the Organisation of Petrolium Exporting Countries announces it will not be boosting output.
Kamakura launches sovereign default probability service
Risk information provider Kamakura has launched a Basel II-compliant default probability service for sovereigns.
UBS names head of US equity structuring
Greg Morris has left Deutsche Bank to join UBS Investment Bank as head of US equity structuring.
CME information head retires
James Krause, chief information officer at the Chicago Mercantile Exchange, is to retire at the end of June. He will be replaced by his deputy, Kevin Kometer.
Gazprom joins Nord Pool’s carbon market
Russian energy giant Gazprom has signed up to trade carbon products at Nord Pool, the power derivatives exchange.
CFTC energy markets committee members announced
Members of the Commodity Futures Trading Commission’s new Energy Markets Advisory Committee (EMAC) have been named.
Corporates shy away from FX e-trading
Corporates have been avoiding the use of electronic platforms in the execution of their foreign exchange (FX) trades, with most showing a preference for traditional voice trading.
Markit's Red now free to low-volume buy-side firms
London-based data provider Markit has created a free licence for the Markit Reference Entity Database (Red), aimed at smaller buy-side firms.
Wider Libor-OIS spreads can offer cheaper MBS funding opportunities
UBS report reveals investors could be able to access attractive mortgage-backed securities funding
Mortgage lenders to follow in HBOS and RBS footsteps
Rights issues are the flavour of the month, with mortgage lenders following some of the larger banks' example as they seek to boost long-term solvency ratios
Nationwide's mortgage cut-back adds fuel to fears of market slump
Market commentators "surprised" as lenders look to cut back on risky mortgage offerings
Credit crisis past its worst, claims Bank of England
Despite the optimism from the central bank's latest report, analysts believe it will still take some time before such confidence filters down into the mortgage-backed securities business