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When Risks Collide

Operational-risk projects like Sarbanes-Oxley and Basel II compliance have more in common than many firms realize. Waters asks industry participants: Does it make sense to combine op-risk efforts?

Regulatory penalties force out Chinatrust chairman

Jeffrey Koo has resigned as chairman of Chinatrust Commercial Bank, one of the largest private banks in Taiwan, due to a regulatory backlash over the bank’s acquisition of a rival bank’s shares through a structured note transaction conducted by…

Brown-Hruska steps down from CFTC

Sharon Brown-Hruska has left the US Commodity Futures Trading Commission (CFTC) to take up a role as vice president in the securities and finance practice of Washington DC-based NERA Economic Consulting.

ABN Amro unveils new inflation team

ABN Amro has named Vincent Voeten as global head of integrated inflation products, which encompasses both trading and structuring. Voeten was previously head of macro exotics trading for ABN Amro in the US.

Brown-Hruska quits CFTC for new role at Nera

Sharon Brown-Hruska has quit  the US Commodity Futures Trading Commission (CFTC) to join the Washington DC-based National Economic Research Associates (Nera) Economic Consulting as vice-president in the securities and finance practice.

Rabobank trades its first hybrid derivatives

Rabobank International has traded its first hybrid product this week. According to Michael Weber, London-based head of the bank’s hybrid division, the contract was a quarterly callable dual range accrual on crude oil and the US dollar foreign exchange…

Citigroup sets up inflation trading team

Citigroup has hired five senior bankers to form a European inflation products team. The team, which is within the European rates trading arm of the bank, will be headed by Sebastien Goldenberg, managing director and head of inflation trading.

US firms poach reg workers

NEW YORK – The securities industry firms are snatching skilled personnel from the regulatory agencies at a worrying rate, NYSE Regulation executives say.

Lehman Brothers appoints new Indian head

Lehman Brothers has relocated one of its most senior employees, Tarun Jotwani, from Europe to Mumbai to head its Indian operations. Jotwani will leave his role as European co-head of fixed income to become chairman and chief executive of Lehman Brothers…

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