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Early trade slow at Canada's carbon exchange
The first Canadian carbon emissions exchange has opened for trading, but may struggle to find traction amid regulatory uncertainty, finds Katie Holliday
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Four UBS directors to leave as bank steps up risk oversight
Four directors of UBS will step down in October as the bank attempts to overcome the stigma of its massive writedowns over the past 12 months.
BNP Paribas reshuffles investment bank
BNP Paribas has reorganised its commercial and investment banking arm to concentrate more attention on its valued major clients.
Ex-Goldman Sachs vice-chairman to lead hedge funds standards group
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RBS Asset Management appoints O’Neill as head of distribution
RBS Asset Management, a subsidiary of the Royal Bank of Scotland Group Plc, has appointed Kate O’Neill as head of Distribution, a newly created position in which she will report to Philip Basil, chief executive of RBS Asset Management.
BNP Paribas takes two from Bear Stearns
BNP Paribas has scooped up two new hires from Bear Stearns. Andrew Miller and Adam Brodnicki have been appointed as directors in the French bank’s New York fixed income team, where they will be responsible for FX, rate and structured products for…
BIS chief points to central banks and warns of inflation risk
As the Bank for International Settlements released its annual report today, general manager Malcolm Knight warned that central banks faced a difficult struggle to deal with rising inflation.
Wilson takes over as Dresdner's risk chief
Thomas Wilson has succeeded Otto Steinmetz as chief risk officer of Dresdner Bank in Frankfurt, after Steinmetz retired earlier this month.
BIS chief executive will quit in September
Malcolm Knight, general manager and chief executive of the Bank for International Settlements (BIS), will step down at the end of September, ahead of his planned departure in June 2009.
Derivatives Summit: UK shadow minister urges policy reforms
In his keynote address at the Risk Derivatives Summit held in London on June 24, Philip Hammond, Conservative MP for Runnymede and Weybridge, and shadow chief secretary to the Treasury, said the time has come for a major rethink on monetary policy.