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Caruana to end stint as Basel Committee chairman
Jaime Caruana will step down as chairman of the Basel Committee on Banking Supervision in July, when his six-year tenure as head of the Spanish central bank expires. A Bank for International Settlements (BIS official says the Committee plans to discuss…
FSA puts flu on the agenda
The UK's Financial Services Authority (FSA) has urged banks to draw up business continuity plans in the case of a global pandemic, a month after the first human cases of avian flu emerged in Europe.
Scaling op risk management for SMIs: how to avoid boundary disputes
In the fourth of the series, Eric Holmquist looks at managing the crossover between op risk and other risk types to ensure no potential risk events fall between the cracks
Hong Kong’s SFC to strengthen enforcement
Hong Kong’s Securities and Futures Commission (SFC), the securities industry watchdog, will continue to place emphasis on enforcement and investor education in the coming year, said SFC chairman Martin Wheatley.
SG's Raphael Blot departs
Raphael Blot, head of equity derivatives and structured products at SG Securities in Hong Kong, has left the bank.
Gooch named as Nymex Europe CEO
Nymex Europe has named Andy Gooch as its new chief executive, replacing interim CEO Samuel Gaer.
Noble suspends two traders
Noble Group, a Singapore-listed global supply chain manager of agricultural, industrial and energy products, has suspended two traders in the company's aluminum business.
StanChart appoints three in FX and rates
Standard Chartered has made three new appointments to its foreign currency options and interest rates derivatives desks based in London.
The Basel II Race
Accessing operational risk is vital for any bank that wants to reach Basel II compliance.
RBC loses two commodity seniors to DrKW
Dresdner Kleinwort Wasserstein (DrKW) has hired two senior executives from Royal Bank of Canada (RBC) to join its commodities desk in London.
Bank of America takes on HSBC metals group
Bank of America has recruited Peter Merritt to head a new metals trading team. Merritt, previously head of global metals at HSBC, will bring a team of metals traders and marketers with him from HSBC to Bank of America's New York office.
MiFID support high, despite the costs
In the first of a new series of articles surveys exploring in more detail the inner workings of the op risk and compliance disciplines, Georgina Kenyon examines the results of a recent survey into the controversial MiFID directive
BNP Paribas hires Hervella for LatAm structuring role
Francisco Hervella has joined BNP Paribas as a New York-based director and senior Latin American structured products marketer in the equity and derivatives sales group. He reports to Nick Kello, US head of equity and derivatives sales for financial…
Abner named head of ETF trading at BNP Paribas
BNP Paribas has recruited David Abner as head of exchange-traded fund (ETF) trading in New York.
Tullett appoints head of equity options
Inter-dealer broker Tullett Prebon has appointed Simon Drake as director of equity options in its new London-based volatility division.
Bear Stearns names risk chiefs
Investment bank Bear Stearns has named Michael Alix as chief risk officer and Robert Neff as his deputy.
SG names new deputy head of alternative investment sales
Société Générale Corporate and Investment Banking (SGCIB) has appointed Tom Doyle as deputy head of alternative investment sales for its equity derivatives operation.