People
New equity derivatives head for China at SGCIB
Gilbert Tse has replaced Sandra Lee as chief executive of global equities and derivatives solutions for China at Société Générale Corporate and Investment Bank (SGCIB).
US municipal market faces clean-up under new rules
The municipal bond market in the US is still largely in a state of disarray, well over a year after the collapse of the auction rate securities (ARS) sector, though signs of recovery are visible in the fixed-rated debt market, congressmen have heard.
Most risk managers still expect bonuses
Despite a global recession, the crisis in the financial sector, and massive and widespread failures in risk management, a majority of UK risk managers still expect to receive a bonus this year, a survey has found.
OTC trade repository plan faces hurdles
Financial authorities in the US and Europe have advocated the introduction of a central trade repository to gather data on the over-the-counter (OTC) derivatives market, but there is concern that multiple repositories could do more harm than good.
The ups and downs of the Japanese yen
Asia Risk FX Review & Outlook 2009 - Sponsored statement
Forex freefall
Asia Risk FX Review & Outlook 2009 - Funding
Hoax hedges
Asia Risk FX Review & Outlook 2009 - Corporates
Fit for forex
Asia Risk FX Review & Outlook 2009 - Trading systems
No Indian summer
Asia Risk FX Review & Outlook 2009 - Regulation
Wolin returns to Treasury as deputy secretary
Neal Wolin has returned to the US Treasury as deputy secretary to work alongside secretary Timothy Geithner, after having left the department in 2001.
Gensler voted in as CFTC chairman
Gary Gensler, US President Barack Obama's choice for chairman of the Commodity Futures Trading Commission (CFTC), was confirmed by the US Senate on May 19 by 88 votes to six.
BarCap hires equity derivatives flow sales head
Timothy Last, former head of equity derivatives sales for the Asia-Pacific region at Merrill Lynch in Hong Kong, has taken on the role of head of equity derivatives flow sales for Asia excluding Japan at Barclays Capital.
Société Générale promotes Cassot as Joubert departs for BarCap
Société Générale Corporate and Investment Banking (SG CIB) has appointed Vincent Cassot as head of equity derivatives research, after previous head Arnaud Joubert left the bank to join Barclays Capital.
Isda's Handjinicolaou moves to Hellenic Capital Markets Commission
George Handjinicolaou, the deputy chief executive officer and regional director for Europe, the Middle East and Africa (EMEA) at the International Swaps and Derivatives Association, has joined the Hellenic Capital Markets Commission (HCMC).
Regulators and exchanges prepare for boom in carbon trading
As the Obama administration moves closer to introducing a cap-and-trade system for controlling greenhouse gases, US regulators and other players are preparing for steep growth in the emissions market.
Hess leaves Goldman Sachs and returns to Citi
Dirk Hess has joined Citi as a director in the EMEA retail structured products business. Hess will split his time between London and Frankfurt, and be responsible for working across the sales, marketing and new issuance teams to build out Citi's cross…
Regulator expands energy panel to examine carbon trading
The Commodity Futures Trading Commission (CFTC) has appointed 11 members to a newly expanded panel established to prepare the government for carbon trading.
Industry believes better regulation could have averted crisis
Daily news headlines
Stephen Friedman relinquishes post at New York Fed
Stephen Friedman, chairman of the board of directors at the Federal Reserve Bank of New York, resigned his post on May 7, following controversy over his decision to remain on the board of directors at Goldman Sachs.
OTC Global Holdings announces new crude options brokerage
New York based interdealer broker, OTC Global Holdings (OTCGH), has launched a new crude options brokerage called Riviera Commodities.
ICFR appoints Michel Prada to board
The International Centre for Financial Regulation (ICFR) has appointed Michel Prada to its board as a non-executive director with immediate effect.
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Column: Charles Cronin
Flawed models, conflicts of interest, ineffectual leadership: the rating agencies have emerged from the financial crisis with little credit, and reform may strip them further of their influence
Financial pricing for the 21st century
Putting a price on assets for which no active market exists is a process mired in complexity and no little controversy. But the pricing models of yesteryear are simply not up to the job. David Patrikarakos looks at the new generation of valuation models…