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Regulatory Update
Global accounting bodies reject US PCAOB home-host framework
Solvency II paper leaves op risk capital treatment wide open
Regulatory Update
Reynolds to retire
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Diamond
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Two of a kind?
Equity default swaps
The iconoclast of Brooklyn
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Keeping it regional
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OpRisk accord sans frontières?
Capital Accord Comment
Davies lures another ex-CSFB credit derivatives head to Bear Stearns
Mark Davies, head of global credit derivatives trading at Bear Stearns, has lured another former CSFB colleague to the US investment bank.
Merrill boosts equity teams in Asia-Pacific
US investment bank Merrill Lynch has made four new equity derivatives-related hires in Japan, two in Hong Kong and two in Australia.
DrKW adds to credit derivatives team in Singapore
Dresdner Kleinwort Wasserstein (DrKW) has transferred Stephen Patterson, New York-based senior structurer for structured credit derivatives, to Singapore as a credit derivatives structurer.
KWI appoints COO
KWI, a trading and risk management software provider to the energy industry, has appointed Christopher Fountain as its chief operating officer.
Deutsche Bank hires Zia from Merrill
Deutsche Bank has hired Zia Huque from Merrill Lynch to take charge of its European and Asia-Pacific debt syndicate.
Barclays appoints group risk director
UK banking conglomerate Barclays has appointed Robert Le Blanc as group risk director, succeeding Rob Nimmo, who is due to retire.
RBC unveils new forex structure
Royal Bank of Canada (RBC) has confirmed a new senior management structure in foreign exchange following the departure of global foreign exchange head David Gibbins, reports Risk’s sister publication, FX Week .
Fannie Mae appoints Leslie Rahl to board of directors
US mortgage agency Fannie Mae has appointed Leslie Rahl to its board of directors, filling the seat Stephen Friedman vacated after he resigned to become assistant to the president for economic policy and director of the National Economic Council.
Standard Bank takes on structured product marketers
Standard Bank London (SLB) has hired Rupert Boyd from Morgan Stanley and Michele Maffei from JP Morgan Chase for its sales and structured products marketing teams.
All change on the BIS op risk team
Three well-known regulatory figures will be changing places over the course of February as various secondment arrangements between the Bank for International Settlements (BIS), the Bank of England (BofE) and the Federal Reserve in the US come to an end.
ABN Amro bolsters equities franchise in Hong Kong
Dutch bank ABN Amro has boosted its equities franchise in the Asia-Pacific region with a series of appointments in sales, trading and research in Hong Kong.
Ex-Merrill Lynch energy trader pleads guilty to fraud
At 24, Daniel Gordon headed Merrill Lynch's energy trading business. He has now pleaded guilty to a $43 million fraud.
The science of compliance
The Sarbanes-Oxley Act is placing urgent demands on many US companies for accurate reporting of financial information. Clive Davidson reports on the implications for financial technology.
Hatstadt leaves Merrill after less than a year
Philippe Hatstadt, a managing director and head of structured credit derivatives trading at Merrill Lynch in New York, has resigned.
Sibling rivalry
argentina
ISE appoints vice-presidents
The International Securities Exchange (ISE) has elected Thomas Bendixen as vice-president of corporate initiatives and Robert Cornish as vice-president of automation and development.