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Daniel Roth steps up to become NFA president
Daniel Roth has been named as the new president and chief executive of the Chicago-based National Futures Association (NFA), effective January 1, 2003. He replaces Robert Wilmouth, NFA's president since its inception in 1982. Wilmouth will remain at the…
Leader of WorldCom investigation to leave SEC
William Baker - one of the leading enforcement investigators at the Securities and Exchange Commision (SEC) – is to leave the US agency’s enforcement division.
Dongwon Securities poaches JP Morgan Chase banker
South Korea’s Dongwon Securities has hired BJ Kim, an ex-JP Morgan Chase banker, as executive vice-president to boost the firm’s over-the-counter derivatives capabilities. Previously, Kim was head of credit markets at JP Morgan Chase in Seoul.
Ice addresses energy trading market concerns with two new hires
Atlanta-based online commodities exchange IntercontinentalExchange (Ice), has appointed two new directors as part of its plans to address concerns about the health and legitimacy of the energy trading markets. Ann Cresce has been appointed assistant…
UK opposed to allowing wider op risk insurance role in European capital rules
UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
US domestic politics have dominated equities sector
Potential removal of double taxation paid on dividends gives hope to US investors.
Macro magic
Permal's global macro strategy has worked wonders for its FX, Financials and Futures fund.
US interest rate moves increases market activity
Managers are moving to take advantage of the current FX climate.
Lawyers investigate following collapse of Beacon Hill funds
european investors examining possible civil action against us group
Telent spotting
A manager's long-only track record may not be enough to go by when it comes to managing long/short hedge funds. So what are the key things you should be looking out for?
Gartmore plans retail fund of hedge fund for early 2003
MORE HEDGE PLANS IN THE PIPELINE FOLLOWING RIVERVIEW ACQUISITION
UK opposed to allowing wider op-risk insurance role in European capital rules
LONDON – UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
SunGard appoints new Asia-Pacific president
Pennsylvania-based risk technology vendor SunGard has appointed John Wilson as president of the company’s Asia-Pacific business. Wilson will take over the reins from Matt Mandalinci, who has been appointed president of SunGard eProcess Intelligence,…
BNP Paribas looks for new interest rate derivatives trading head
BNP Paribas is looking for a head of interest rate derivatives trading for Asia-Pacific, following the departure of Monty Agarwal in mid-October.
Europe considers wider op-risk insurance role in new capital rules
BRUSSELS - The European Commission confirmed today it proposes the possible recognition of operational risk insurance as a way of reducing capital charges in all three methods of measuring op risk in its new protective capital rules for banks and…
Ambac hires Dresdner derivatives dealer
Michael Cush has joined Ambac Financial Services, a financial services subsidiary of Ambac Financial Group, in its interest rate and cross-currency swap team in New York. The hire is in response to increased derivatives activities, an official at Ambac…
Citigroup, Deutsche Bank and UBS Warburg dominate FX derivatives in FX Week awards
Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.
Leclerc appointed chief operating officer at West LB
German bank WestLB will make Matthias Leclerc chief operating officer of its global financial markets (GFM) business unit with effect from December 1. GFM is the central business unit of WestLB responsible for treasury business, bond and derivatives…
Basel II will lead to more instability, critic argues
LONDON - The Basel II bank capital accord will result in more banking instability and more pro-cyclicality, where bank actions taken in response to solvency rules reinforce economic and market cycles, a leading critic of the accord said in October.