Risk magazine
DTCC names risk chief
The New York-based Depository Trust and Clearing Corporation (DTCC) has named Douglas George as its first chief risk officer.
Calyon names new CDO chief
Benjamin Jacquard has joined Calyon in London as global head of credit markets and collateralised debt obligation (CDO) structuring.
Derivative Fitch outlines views on collateralised FX obligations
Derivative Fitch has published its considerations for analysing and rating collateralised foreign exchange obligations (CFXOs). The CFXO report, the first to be published by a rating agency, details the structure of the product, the principal risks and…
Fitch: fewer downgrades for European managed synthetics
European managed synthetic collateralised debt obligations (CDO) tranches have historically suffered fewer downgrades than their static counterparts, according to data produced by rating agency Derivative Fitch.
New chairman for DTCC
Donald Donahue has been named as the next chairman of the New York-based Depository Trust and Clearing Corporation (DTCC), replacing Jill Considine.
Markit hires Cameron to head indexes and equities
Niall Cameron has joined pricing information provider Markit in London as executive vice-president in charge of the index management and equities businesses.
CME plans debt index derivatives
The Chicago Mercantile Exchange (CME) will launch futures and options based on Lehman Brothers' index of US investment-grade debt later this year.
Isda to publish rules for European loan derivatives
The International Swaps and Derivatives Association will publish an industry-wide standard contract for trading loan derivatives in Europe by the end of May, according to David Geen, Isda’s European general counsel in London.
Paternoster leads bulk purchase buyouts
Paternoster, the London-based bulk purchase vehicle, is leading the surge in voluntary bulk buyouts of corporates’ pension schemes, a year on from the launch of these vehicles.
Trading Technologies launches gateway to Singapore Exchange, opens new Asia HQ
Trading Technologies (TT) has launched its new Singapore Exchange (SGX) gateway, the exchange connectivity software vendor’s first connection to the Asian financial markets, and moved into new Singapore offices.
China has top growth potential for Asian wealth, says BarCap
China is viewed as having the highest growth potential of any wealth management market in Asia during the next two years, followed by India, according to Barclays Capital’s annual industry survey, published on April 23.
Icap appoints new risk head
Herve Geny has joined interdealer broker Icap as global head of risk.
ISDA AGM: Credit support agreements grow
The number of credit support agreements between parties trading over the counter derivatives contracts grew 21% to 133,193 since last year, according to the International Swaps and Derivatives Association’s margin survey, previewed last week at its…
FSA to reward good "principles-based" practice
Firms seen by the UK Financial Services Authority as being “well-controlled and managed” in terms of its regulatory processes could potentially see lower capital requirements and supervision as a result of adopting principles-based regulation.
Isda AGM: FSA’s Tiner warns against complacency
Outstanding confirmations in the credit derivatives market have continued to improve, falling to 5.5 days versus 16.2 days a year ago, according to figures from the International Swaps and Derivatives Association. The amount of time it takes for firms to…
Isda AGM: Bank of America’s Lewis urges continued vigilance as market booms
In a speech that highlighted the way in which derivatives have contributed to global economic stability and prosperity, Bank of America’s chief executive and chairman, Kenneth Lewis, cautioned that the derivatives industry must work hard to ensure its…
Isda AGM: Industry associations publish principles for retail structured products
Five leading trade associations released a draft set of principles governing structured products for retail investors at the International Swaps and Derivatives Association’s annual general meeting in Boston yesterday.
Isda AGM: new board named
Isda named its new board of directors at its annual general meeting in Boston yesterday.
Isda AGM: Collateral requirements decreasing
The International Swaps and Derivatives Association published preliminary results of an analysis on credit risk among 18 of the largest derivatives dealers, during its annual general meeting in Boston yesterday. The final report is expected to be…
Dubai Mercantile Exchange delays launch by a month
The Dubai Mercantile Exchange (DME) has pushed back its launch date to June 1, subject to regulatory approvals of its clearing arrangement.
CDS market size hits $34.5 trillion, says Isda
The credit default swap (CDS) market has continued its rapid growth, rocketing to $34.5 trillion in notional outstanding by the end of 2006, according to the latest market survey by the International Swaps and Derivatives Association which was released…
Moody’s: European credit quality decline slowing, but no upturn expected
The decline of credit quality in western Europe slowed over the first quarter of 2007 due to strong economic growth especially in the financial sector, but an upturn in the credit cycle is not in sight this year, according to a report by Moody’s…
Isda AGM: Trichet calls for more transparency
Greater transparency is needed in the credit derivatives market to allow risk managers to understand the size, distribution and concentration of risks accumulated by participants, according to Jean-Claude Trichet, president of the European Central Bank.
Bear Stearns names new European heads
Bear Stearns has named two new heads of European operations, both to be based in London.