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Nayak takes up global structuring at Deutsche Bank
Ram Nayak has been appointed head of global markets structuring at Deutsche Bank, taking responsibility for Deutsche's multi-asset class structuring capabilities across product and coverage businesses. Nayak will take over some of the responsibilities of…
Obama reform plans show no progress on OTC derivatives clearing
The Obama administration's much-hyped regulatory reform proposals disappointed over-the-counter derivatives dealers and end users yesterday by again failing to provide new details on how OTC markets with mandatory central clearing would operate.
Lukken leaves CFTC for NYSE Euronext
Walter Lukken, a commissioner and former chairman of the US Commodity Futures Trading Commission (CFTC), will leave the regulator on July 10.
Waxman-Markey early action provisions criticized as unclear
Industry commentators have spoken out about the provisions for early adoption of carbon emission reduction strategies in the cap-and-trade legislation currently going through the US House of Representatives.
Deutsche hires new equity derivatives head
Deutsche Bank Securities has appointed Dushyant Chadha as head of equity derivatives in North America, within the bank's global markets division.
US Fed's director of banking supervision to retire
Roger Cole, the director of banking supervision and regulation at the Federal Reserve Board of Governors, will retire on August 1 after 30 years at the regulator.
Basel Committee extends membership to G-20
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Peter Bernstein dies aged 90
US economist and financial historian Peter Bernstein, a well-known promulgator of the efficient market theory, died on June 5.
US banks keep a close eye on compliance
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Essent Trading CEO resigns
Paymon Aliabadi, managing director and chief executive of Essent Trading, has resigned.
Industry panel: avoid one-size-fits-all approach to OTC derivatives
A panel of industry experts on June 9 urged the US House Financial Services Subcommittee to steer clear of broad, one-size-fits-all regulation for over-the-counter derivatives.
Bassi takes up the helm at the European Commission
Ugo Bassi has been appointed head of unit for asset management in DG Markt, replacing Niall Bohan, and in turn will take over the lead for the discussion of structured products in the context of other retail investment products in Europe.
Merrill Lynch dealmaker now CRO at Bank of America
Gregory Curl, the lead negotiator on Bank of America's troubled acquisition of Merrill Lynch, has been appointed chief risk officer at the Charlotte-based firm.
Bank of America ousts chief risk officer
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Cooke joins Barclays Wealth
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Risk Europe : Walter sets out programme for Basel II changes
In his keynote address at the Risk Europe conference in Frankfurt on June 4, Stefan Walter, secretary-general of the Basel Committee on Banking Supervision, highlighted strengthening capital requirements and the need to look at risk at a systemic level…
New chief risk officer for Barclays Wealth
Mark Cooke has been appointed global chief risk officer at Barclays Wealth, the wealth management arm of Barclays Bank.
New heads of global listed derivatives for Morgan Stanley
Morgan Stanley has appointed Clark Hutchison and Bill Templer global co-heads of listed derivatives.
Pang and Park start at Credit Suisse
One of the worst kept secrets in the Asian structured products market was revealed to the public earlier today, when Credit Suisse confirmed the appointment of Ken Pang and Min Park as co-heads of equity derivatives and convertibles, Asia-Pacific. Pang…
US climate legislation not vital for Copenhagen talks, says Obama advisor
An advisor to President Barack Obama and director of the New America Foundation's Climate Policy Program, Terry Tamminen, has said international progress on climate change does not depend on the US passing legislation first.
Convergence on securitisation is vital, ESF told
A prominent securitisation lawyer has criticised the lack of convergence between regulatory bodies with regard to securitisation regulation.
Credit Suisse strengthens Asia-Pacific equity derivatives
Credit Suisse has appointed Min Park and Ken Pang as co-heads of equity derivatives and convertibles for the Asia-Pacific region. Both men will be based in Hong Kong and report to Osama Abbasi, head of Asia-Pacific equities.
Toxic loan PPIP purchases postponed, feared dead
The purchase of distressed whole loans using taxpayer funds under the US Treasury's Public-Private Investment Program (PPIP) has been postponed, the Federal Deposit Insurance Corporation (FDIC) has announced, raising speculation that the scheme might be…
Berkovitz named CFTC general counsel
Dan Berkovitz has taken over the role of general counsel at the Commodity Futures Trading Commission (CFTC) at the request of Gary Gensler, the regulator's recently appointed chairman.