News
ICG acquires 15% of newly created Creditex Group
Pennsylvania-based Internet Capital Group (ICG) has taken a 15% stake in Creditex Group, just days after it was formed from London-based interdealer broker CreditTrade and New York-based credit derivatives trading platform Creditex.
Calyon hires former SG veteran Raphael Blot
Raphael Blot, formerly head of equity derivatives sales for Asia ex-Japan at Société Générale, has joined Calyon Corporate and Investment Bank as regional head of equity and fund derivatives marketing and sales for Asia-Pacific, including Japan.
Emirates joins jet fuel futures working group
Dubai-based airline Emirates has joined the working group set up by the Dubai Mercantile Exchange (DME) and ENOC Supply & Trading to explore the development of the first physically delivered jet fuel futures contract.
UBS hires Liverance
UBS has announced the appointment of Eric Liverance as executive director and head of US rate derivatives strategy.
Monetary Authority of Singapore announce proposals for next stage of Basel II implementation
MAS set out their fourth consultation on Basel II and its requirements
CEBS Chair speaks at European Parliament hearing
Daniele Nouy speaks about the Committee's latest work on the Basel Accord
BNP Paribas expands CER portfolio
BNP Paribas has entered into two new contracts to purchase certified emissions reductions (CERs) generated from Clean Development Mechanism projects in Mexico and India.
Global clearing head leaves Bear Stearns
Richard Lindsey, Bear Stearns’ co-president and head of global clearing services, is leaving at the end of the year.
UK financial firms face £1 billlion start-up bill for Mifid
UK-based financial services firms could face a £1 billion bill for implementing the Markets in Financial Instruments Directive (Mifid), the UK’s Financial Services Authority (FSA) estimates.
Hefes nominated to equalise Euronext board
French financier Sylvain Hefes has been nominated by Euronext to the future board of NYSE Euronext, to equalise the number of American and European directors.
Credit Suisse hires Toone
Credit Suisse has announced the appointment of Alex Toone as managing director and head of global metal sales for its alliance with Switzerland-based commodities trading group Glencore International.
RBS appoints emerging market rate head
The Royal Bank of Scotland has appointed Stephen Laughton to the new position of head of global emerging-market interest rate options and exotics.
Isda praises letter to Geithner on equity derivatives
The International Swaps and Derivatives Assocation (Isda) has said it “applauds and supports” a letter from 17 investment banks to Timothy Geithner, president of the Federal Reserve Bank of New York, which commits them to improving the efficiency of the…