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Johansson departs UBS after 12 months
Jerker Johansson, the chief executive officer of UBS Investment Bank, has resigned from the bank with immediate effect, after just over one year spent with the institution. Johansson will be replaced by two new co-heads from within UBS: Carsten Kengeter…
European credit head leaves UBS
Henrik Raber, London-based co-head of European credit flow trading and sales at UBS, has left the bank.
UBS replaces head of investment banking
UBS has replaced its head of investment banking, Jerker Johansson, after 13 months in the role.
OpRisk Europe: FSA condemns operational risk weaknesses
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Freddie Mac's ex-CEO rejoins within a month of resigning
The ex-chief executive of US government-supported mortgage buyer Freddie Mac, David Moffett, has rejoined the firm only a month after he resigned.
IMF: leverage best for determining bank bailouts
Leverage ratios, return on assets and stock data are among the most reliable indicators for predicting whether banks would require government intervention in the credit crisis, according to a study published by the International Monetary Fund (IMF) this…
Credit Suisse reshuffles CRO positions
As Credit Suisse announced its first quarter results on April 23, which included reporting profits of Sfr2 billion ($1.72 billion) for the period, it also revealed changes to its risk management team.
Proposed replacement for IAS 39 to be released in October
The International Accounting Standards Board (IASB) will release proposals to replace IAS 39 - the accounting standard for financial instruments - in October this year.
OpRisk Europe: FSA condemns operational risk weaknesses
Financial institutions have failed to properly manage their operational risk in recent years and can expect to be subjected to higher requirements in future, an official from the UK Financial Services Authority (FSA) warned yesterday.
Isda AGM: Election of 11 board members
The International Swaps and Derivatives Association has elected 11 directors, seven of whom currently serve on the board.
Rajendra joins Henderson Global Investors in structured products
London-based asset manager Henderson Global Investors has appointed Ganesh Rajendra in a newly created role as head of advisory and research within its structured products team.
Freddie Mac's acting CFO dies
David Kellermann, the acting chief financial officer of US government-supported mortgage buyer Freddie Mac, has died.
Singapore Mercantile Exchange appoints new CEO
The Singapore Mercantile Exchange (SME), the commodity derivatives exchange, has named Thomas McMahon as its first chief executive.
Markit names McPherson head of structured finance pricing services
London-based data provider Markit has appointed Neil McPherson as managing director of its structured finance pricing services.
New CEO for Fannie Mae
Michael Williams has been appointed president and chief executive for US mortgage lender Fannie Mae.
ANZ appoints Australia CRO
Australia and New Zealand Banking Group (ANZ) has made two appointments in its risk management department, who will report to the bank's chief risk officer Chris Page.
Liquidity regulation to cost £700 million and 15 man-years of work
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Cross returns to SEC as director of corporate finance
The US Securities and Exchange Commission (SEC) has appointed Meredith Cross as its new director of the corporate finance division.
CIBC names Rule head of forex trading
CIBC has appointed Duncan Rule as head of foreign exchange trading, effective from April 27.
Sting in the tail
Credit spreads on highly rated names have blown out to levels that are proving irresistible to many buy-and-hold investors such as pension funds. But tail risk in the form of increased default expectations is still a major consideration. Blake Evans…
Klaas Knot
One of the architects of the Basel II Accord - and a senior Dutch regulator - defends the framework against criticisms that it was ineffectual in the face of the recent banking turmoil
Legal spotlight
The global nature of the financial crisis has led to an unprecedented spirit of co-operation amongst securities regulators in different jurisdictions, says Robert Brownlie