People
Ferguson quits the Fed
Roger Ferguson, the vice-chairman of the Federal Reserve, resigned today after two years in the post.
Timetable chaos
US regulators' decision to delay Basel II by one year has frustrated international banks, causing some to reassess their global implementation plans. With the US regulators yet to release national implementation guidelines, bankers and supervisors are…
Five brokers promoted at Tullett Prebon
Tullett Prebon has promoted four rates brokers and an energy broker in its London office.
The spotlight swings
The hedge fund industry has come under severe pressure for increased disclosure, with new SEC rules on the registration of hedge fund advisers to be implemented this month. Now, the private equity market is starting to attract the interest of supervisors…
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.
Deutsche Bank recruits US liability structuring head
Deutsche Bank's debt capital markets group has recruited John Curran as head of liability structuring in North America.
Deciding on a future
A handful of companies are exploring how markets can improve decision-making, while academics are using futures trading to predict influenza outbreaks. Prediction markets have come a long way since the collapse of a controversial Pentagon-funded project…
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