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Dresdner Kleinwort hires in equity derivatives
Dresdner Kleinwort has appointed Iain Clamp as head of index equity derivatives trading, a newly created position based in London.
ABN hires to expand client coverage in Asia
ABN Amro has appointed George Koo as head of financial institutions and public sector. Koo joins from Barclays Capital, where he was the Asian head of the financial institutions group.
Deutsche appoints head of commodities
Deutsche Bank has appointed David Silbert as global head of commodities. Silbert replaces Mark Ritter, who moved internally to become chief operating officer of global credit trading earlier this year.
IMF report praises Australian preparedness for Basel II
The IMF has released its September Financial System Stability Analysis on the Australian financial sector, and commends the country’s progress on Basel II.
Basel II may increase cyclical swings, says the adviser to the governor at the bank of England
Cyclicality was considered late in Basel II negotiations, and while it needs to be kept under review, it is too early to propose policy changes.
Main challenge to sustainable growth is regulatory convergence, says vice-president of the ECB
Faster and sustainable growth may be hindered if the ultimate goal of regulatory convergence is not met, according Lucas Papademos.
Morley and Smith spearhead Deutsche Bank’s emerging market drive
Deutsche Bank has announced the appointment of Daniel Morley and Niall Smith as global heads of emerging market debt and emerging market equity structuring.
Trading Technologies expands team in Asia
Chicago-based trading platform provider Trading Technologies (TT) has made several hires in Asia, following the opening of its Asia-Pacific headquarters in Singapore in July.
The correlation debate
In response to an article on asset value correlations for retail banking portfolios, published in the July issue of Risk, Ashish Dev of KeyCorp argues that the current Basel II rules are slightly too liberal for high-quality credit cards and overly…
The MiFID Threat
Thanks to compliance, many of the European Union’s smaller exchanges now face fresh competition.
Hong Kong SFC appoints chairman
Hong Kong’s Securities and Futures Commission (SFC) has appointed Eddy Fong as chairman with effect from October 20. The position had been vacant since late June, when previous chairman Martin Wheatley became chief executive.
NY bank regulator is appointed head of supervision by Qatar financial centre
Head of bank supervision at the NY state banking department to lead regulatory dialogue with authorised institutions in the country’s new financial centre.
Morley hires sell-side derivatives specialist
London-based Morley Fund Management, the asset management arm of insurance company Aviva, has recruited a sell-side derivatives specialist as it prepares to make greater use of over-the-counter products.
GFI boosts coal derivatives team
US interdealer broker GFI Group has expanded its Newcastle free-on-board (FOB) coal derivatives coverage in London and Singapore. The Singapore desk has been set up to complement the company’s growing physical coal broking business in the Asia-Pacific…