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What price regulatory compliance?
The US banking industry has been inundated with a set of mandatory changes such as Basel II, the Sarbanes-Oxley Act and the Patriot Act, which, responded to individually, represent a significant portion of an organisation's change budget. Dai Bedford,…
BarCap lures Joshi from CSFB
Barclays Capital (BarCap) has appointed Dixit Joshi as a managing director in its equity-linked products group. He will assume responsibility for running the UK bank’s global equity derivatives trading and arbitrage business.
Industry Slips on Phase One of BCP Tests
NEW YORK - The U.S. securities industry will wind down Phase 1 of industry-wide business continuity planning (BCP) tests later than expected and will begin Phase 2 in the third quarter of next year, confirm officials who are taking a lead role in the…
US SEC to begin work on Basel II rules
The US Securities and Exchange Commission (SEC) will soon issue a set of proposals, consisting of rule amendments and new rules, to create two separate voluntary regulatory frameworks for the supervision of broker-dealers and their affiliates on a…
US SEC to begin work on Basel II rules
The US Securities and Exchange Commission (SEC) will soon issue a set of proposals, consisting of rule amendments and new rules, to create two separate voluntary regulatory frameworks for the supervision of broker-dealers and their affiliates on a…
Investors and auditors differ on Sarbanes-Oxley's effectiveness
WASHINGTON, DC - Institutional investors and auditors remain at odds over how effective the Sarbanes-Oxley Act has been so far, with the former advocating a broader scope for the act and the latter warning that it may have already gone too far.
Time-series pioneers share Nobel Prize for Economics
Recipients’ work on the analysis of time-series data has provided powerful mathematical tools for research in derivatives pricing, risk management and economics
BarCap appoints head of US fixed-income strategy
Barclays Capital, the investment banking arm of the UK's Barclays Bank, has hired Bulent Baygun from Citigroup/ Salomon Smith Barney (SSB) as director and head of US fixed-income strategy.
SuperDerivatives hires North America director of sales
SuperDerivatives, the London-based currency options pricing systems vendor, has appointed Carmine Ricciardi as director of sales for North America.
People swaps
Buchanan appointed Ofgem chief executive UK energy regulator the Office of Gas and Electricity Markets (Ofgem) has appointed Alistair Buchanan as chief executive. Previously head of European utilities research at Dutch bank ABN Amro, Buchanan (pictured)…
Banks get set to prepare feisty responses to the US ANPR
NEW YORK - US banks are going to hit back hard at the country's regulatory agencies in their responses to the advance notice of proposed rulemaking (ANPR).
New fund taps computational trade models for forex trading
US-based online futures commission merchant FX Solutions is set to launch a managed currency fund next week based on newly developed computational trading models, senior officials told RiskNews ' sister publication FX Week .
Corporate Statement > Alliance & Leicester Choose WhiteLight
After an extensive review of vendor solutions, Alliance & Leicester, one of the UK's major financial services groups, has chosen WhiteLight, a SymphonyRPM company, to provide their Basel II Retail Credit Risk solution.
Deutsche reshuffles commodity business
Deutsche Bank has reshuffled its global commodity management structure to boost its derivatives business and deal with increased business flows.
Isda opens Washington office in lobbying push
The International Swaps and Derivatives Association, the New York-based trade association for the over-the-counter derivatives industry, is opening an office in Washington DC to increase its lobbying of the US government.
Isda opens Washington office in lobbying push
The International Swaps and Derivatives Association, the New York-based trade association for the over-the-counter derivatives industry, is opening an office in Washington DC to increase its lobbying of the US government.
BNP Paribas hires flow credit trader in Japan
French bank BNP Paribas has hired Satoshi Yui as a credit derivatives flow trader in Japan.
SG hires credit derivatives marketers
French bank SG, the investment banking division of Société Générale, has hired Daniel Schlaichert from Crèdit Agricole Indosuez and Edgar Leibovici from Mizuho International to sell credit derivatives.
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