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UK charts insurance regulations shake-up
FRONT PAGE NEWS
QIS 3 suggests Basel II op risk charges and insurance role
BASEL II UPDATE
Commerzbank appoints structurer to US derivatives group
Commerzbank Securities, the investment banking arm of Germany's Commerzbank, has made Henry Flowers a senior structurer at its US structuring desk, part of Commerzbank's derivatives group in New York.
Chapter 11: not the end of the story
With several major derivatives counterparties in or facing Chapter 11, an understanding of the legal ramifications of doing business with them is essential, say Mark Speiser and Sherri Venokur
First-class post
Stefano Calderano, head of retail products at BancoPosta, Poste Italiane’s financial services arm, has bankers throwing their balance sheets at his feet
RiskNews review
September’s leading stories from RiskNews. Breaking news on derivatives and risk management, see RiskNews – www.RiskNews.net
Job moves
QUOTE OF THE MONTH: - “We don’t have a problem with regulators telling us that we should tie our shoelaces, but we don’t want them to tell us how to do it” George Mathewson, chairman of the Royal Bank of Scotland, commenting on the rigidity of the Basel…
Pricing debate bedevils employee option accounting
US corporates are lining up to advertise their virtue by being the latest to account for their employee stock options as an expense. But with no consensus on how to price these instruments, will it bring more clarity or confusion?
Reuters beefs-up treasury team
Technology and information provider Reuters has added to its Treasury marketing and strategy team, the firm said last week.
Singapore FX build-up for BoA
Bank of America (BofA) made four new hires in FX trading in Singapore in September. The hires are part of the bank’s ongoing move to strengthen foreign exchange, said Larry Baum, New York-based global head of spot, forward and proprietary trading.
FNX appoints new technology officer
FNX, the Pennsylvania-based risk management provider, has promoted Andrew Vickers to the role of chief technology officer. In this new position, Vickers assumes responsibility for all technical aspects of the software services developed by FNX.
ABN Amro hires German global financial markets head
Dutch bank ABN Amro has hired Hermann Watzinger to head its global financial markets group in Germany, covering all of the bank’s activities in fixed income, including structured finance, treasury, asset securitisation and fixed-income derivatives…
Barclays Capital adds to futures sales desk in Singapore
UK bank Barclays Capital has hired James Clarke in its futures sales desk in Singapore, according to an official at the bank in Hong Kong.
Dresdner corporate and markets head Fischer resigns
Leonhard Fischer, head of corporates and markets at Dresdner Bank, has resigned, according to senior Dresdner officials.