People
The consulting conundrum
Gone are the Y2K days, when consultancies could exploit their strong positions and bill their clients big money for questionable services. The roles have been reversed for financial services firms, and consultancies are having to back up their ‘smoke and…
Industry leaders revive client-facing forex options teams
Top-tier banks are moving to set up core groups of client-facing options specialists, turning away from a previous trend to re-train all sales dealers to have derivatives expertise.
Ferc calls for risk manager vigilance
William Hederman, director of the office of market oversight and investigations (OMOI) at the US Federal Energy Regulatory Commission (Ferc), today urged energy risk managers to alert his office to any suspicious market practices.
Framework developed for German banks
BONN, GERMANY - Many of Germany's banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad).
Deutsche Bank hires head of institutional sales in Asia
Deutsche Bank has hired Denis McCarthy as director and head of institutional sales, Asia, for its global equity derivatives business.
Creditex co-founder McEvoy leaves company
John McEvoy, co-founder and co-chief executive of credit default swap and structured credit broker Creditex, based in New York, has left the firm "to pursue other personal and professional opportunities".
Reference Data's Dirty Little Secret
It turns out reference data standards will make it easier for customers to switch data vendors. There are growing whispers about how positively vendors will view that.
ABN Amro adds to global currency options team in Asia
Dutch bank ABN Amro has hired Clifford Bayne as an exotic options specialist in Asia, in a move to boost the bank's global currency options capabilities within its recently established financial markets business.
Debreu sets up new Los Angeles derivatives office for SG
Stanislas Debreu, formerly head of global equity derivatives sales and marketing at SG in Paris, has founded a new equity derivatives sales office in Los Angeles for the French bank. Debreu took up his new role as SG's head of West Coast-based equity…
SAS brings in Alexander as risk adviser
US risk analytics provider SAS has recruited British author and financial engineering academic Carol Alexander as a risk management adviser.
Bank One set to launch options desk in London
Bank One has hired two senior dealers to set up a new foreign exchange options desk in London, a senior official at the Chicago-based bank told RiskNews' sister publication, FX Week .
BoA links major and emerging forex forwards in risk strategy drive
Bank of America (BoA) has merged its forwards and emerging markets forwards businesses in London, and hired three forwards traders globally as part of a continued drive to move to a strategic risk management model, a senior official told RiskNews' sister…
Cofiri’s risk transformation
Investment banking
Bespoke panacea?
Substitution rights
Protecting the investor
Roundtable
On a wing and a prayer
Airlines
Bearing the brunt
Finance
Branching out
Basket-linked notes
Swap enthusiast
Profile
TI-Olivetti: happily engaged
Credit of the month
