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Liquidity regulation to cost £700 million and 15 man-years of work
Daily news headlines
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
Robert Stheeman
The head of the UK's Debt Management Office, the body responsible for administering the wave of recent government issuance, tells Sarfraz Thind that the recent failed auction doesn't spell a death of demand for gilts
Gary Jenkins: Turner's blank canvas
The FSA's chairman, Lord Turner, has published his much-anticipated recommendations for a shake-up of the regulatory system. Do they go far enough?
Heineken
Our regular look at groundbreaking and innovative deals in the primary markets takes in the £400 million unrated Heineken deal, and BP's monster $3.25 billion offering
Stopping the rot
Noises from leading banks that they may be returning to profitability are failing to mask the painful truth that vast quantities of toxic assets are still causing a stink on banks' balance sheets. Credit looks at the various plans being put forward to…
Credit Suisse strengthens private banking in Singapore
Credit Suisse has appointed Lim Eng Guan as managing director and market leader for Singapore in its private banking division. Singapore-based Lim will lead Credit Suisse's local team and aim to strengthen its business in Singapore's domestic private…
Ho hops from Hang Seng to HKMEx
Jimmy Ho, formerly head of structured products and business development in Hang Seng Bank's Treasury division, has been appointed chief operating officer, markets at the Hong Kong Mercantile Exchange (HKMEx), and will oversee the marketing, membership…
Reilly to head SwapClear at LCH.Clearnet
LCH.Clearnet has appointed Joe Reilly to lead its SwapClear service, which provides clearing for over-the-counter interest rate swaps.
Jubilee Financial Products adds Elia and Caines
Jubilee Financial Products has added Vito Elia, formerly a managing director and co-head of Italy at Credit Suisse with responsibilities for all distribution to Italy and a member of the bank's European distribution management committee, as a managing…
Corbat appointed chief of Citi Holdings
Citi has appointed Mike Corbat as chief executive of Citi Holdings, which includes brokerage and asset management, local consumer finance and a pool of toxic assets that are partly covered by a loss-sharing agreement with the US government.
G-20 working groups release final reports
Daily news headlines
Cowperthwaite departs Credit Suisse Asia-Pacific
Adam Cowperthwaite, Asia-Pacific head of structured retail products at Credit Suisse in Hong Kong, has left the bank and will take a six-month break from the business. Cowperthwaite and other members of Credit Suisse's equity derivatives team leave the…
BNP Paribas appoints Blotto
BNP Paribas Corporate & Investment Banking has appointed Stefano Blotto to the Institutional relationship management team for European coverage of institutional accounts. Blotto is based in London and reports to Talbot Stark, global relationship manager…
Trading spreads
Ray Eyles, JP Morgan's CEO for European commodities, a 20-year market veteran, speaks to Roderick Bruce about the bank's continued expansion in commodity markets during challenging times for the banking sector
Marc Mourre
To celebrate its 15th anniversary, Energy Risk is talking with industry veterans who have been instrumental in shaping today's energy markets. This month Marc Mourre, managing director and vice-chairman of commodities at Morgan Stanley, talks with Stella…