Brazil
Funds the key to unlocking Spanish market
Structured products distribution in Spain stalled during the financial crisis as banks turned away from open architecture. The answer seems to lie in fund-based products, for which the distribution networks remain open. Richard Jory reports from…
Market cautious on Brazil’s 2010 oil bloc auction
News that Brazil is looking to auction more oil and gas blocs this year has met with a lukewarm reception from the oil markets as they await more clarity on the timing, production estimates and pending oil regulations, say analysts.
BP and Devon team up to develop oil sands play
BP and Devon Energy have entered into a joint venture that will use the latter’s in-situ production expertise to develop BP’s Kirby oil sands leases in Alberta, Canada.
EIA eyes Brazil for non-Opec supply growth
Brazil could be the largest source of non- Organization of Petroleum Exporting Countries (Opec) oil and liquids supply growth between 2009 and 2011, with an annual production expected to increase by 410,000 barrels per day (b/d) within this period, says…
Sponsored statement: Santander – investing in Latin American equities through derivatives
Santander is the largest financial franchise in Latin America, but that does not prevent it from acting with agility and foresight. Leveraging its expertise and capabilities in western Europe – with leadership positions in Spain and the UK – an…
Sixteen again
Arc is offering a sterling-denominated play on emerging markets - specifically the iShares MSCI Brazil Index Fund ETF and Hang Seng China Enterprise Index - which promises returns of 16% for each year of its five-year term if no kickout occurs
CDS premiums boost option participation in structured products
Participation rates and coupons in structured products are being boosted by premiums from credit default swaps (CDS) sold on sovereign and corporate entities, say dealers.
Op risk centre stage
Profile: Domingos Figueiredo de Abreu
Australia, Brazil, China, India, Korea, Mexico and Russia join Basel Committee
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Brazil faulty
Profile
Incisive Itau
Banco Itau is one of the few banks in the Brazilian structured products market that is able to structure and distribute both capital-protected funds and synthetic structured notes. The fact that the bank can also hedge most of its products in-house has…
In search of flexible friends
The onshore Brazilian retail structured products market could embrace a new structured instrument next year, which would bring much-needed flexibility to a highly restrictive environment. Recent regulations for mutual funds have also given foreign banks…
Brazil looks to controls
New legislation in Brazil on banking systems and controls has triggered a flood of sales from large accountancy firms and specialist service providers. John Rumsey looks at the new rules and how Brazilian banks are responding
A ripe market for corporate governance
Financial institutions across Latin America aspire to corporate governance best practices, writes John Rumsey. But while many nations are using governance as a force for good, others have a less healthy approach
ABN Amro opens commodity desk in Brazil
ABN Amro has started trading commodity futures in Brazil with the opening of its new sugar desk in Sao Paulo.
Weighing up the options
The Brazilian energy market is set for more upheaval as the incoming president seeks a compromise between his campaign promises of greater state control over energy and the goal of attracting foreign investors into the sector. Maria Kielmas reports
Tailor-made for tails
Hedging strategies