Risk magazine
Bear Stearns poaches equity structurers from Deutsche
Bear Stearns has expanded its structured equity products team in Asia with three new hires in Hong Kong.
Speed and compliance dominate data market
Despite consolidations and rationalisations, user firms are paying more for market data than ever before, according to speakers on a panel entitled "Small change: A look at market data spending" at sister publication Inside Market Data’s Europe…
Concern continues over Basel II in US
US Congressmen have questioned the effectiveness of Basel II risk modelling, and complained that it puts US banks at a disadvantage.
UK consumer watchdog approves NYSE/Euronext tie-up
The UK’s Office of Fair Trading (OFT) has cleared the merger between the New York Stock Exchange (NYSE) and the European exchange operator Euronext.
Fortis' operational risk head becomes chief risk officer
Frédéric Matterne, Fortis' former head of operational risk, has become chief risk officer of Fortis Commercial and Private Banking.
UK businesses unprepared for hedging changes
Medium-sized UK companies are unprepared for forthcoming rule changes on accounting standards that require more rigorous reporting of foreign exchange exposure, according to FX specialist HiFX.
New Nordic exchange combines OMX feeds
Swedish exchange group and technology provider OMX has combined the market data from three of its subsidiaries, the Copenhagen, Stockholm and Helsinki exchanges, creating a single feed of Nordic market data, officials announced last week.
Berry leaves Société Générale for BarCap
David Berry is leaving his job as global head of commercial market data at French bank Société Générale for a post at Barclays Capital.
SG names new Orbeo emissions joint venture with Rhodia
Paris-based bank Société Générale (SG) has released more details of its emissions trading joint venture with the French chemicals giant Rhodia, including the new company's name - Orbeo.
RiskBusiness appoints new executive director
RiskBusiness, the London-based operational risk advisory firm, has hired Rick Cech as chief executive for the Americas.
Schroders' head of group risk moves to BGI
David Ridgway, head of group risk at Schroders in London, will leave the firm in mid-October to take a new post with Barclays Global Investors.
Bank of China becomes CLS Group shareholder
Bank of China (BoC) has become the first Chinese bank with a shareholding in settlement provider CLS Group.
Greenwich: European institutions keen on alternatives
European institutions are to shift more money into private equity and hedge funds, according to a report released by Connecticut-based financial research firm Greenwich Associates.
Banking supervisors endorse new Basel Core Principles
International banking regulators, meeting in Mexico, have endorsed 25 updated Basel core principles for effective banking supervision.
Deutsche and UBS top Asia Risk’s derivatives house awards
Deutsche Bank and UBS have won Asia Risk’s top derivatives awards for 2006, with the German bank sweeping two top-house awards – one for Asia ex-Japan and one for Japan – and the Swiss bank winning the award for derivatives house of the year for…
BarCap begins online book-building for structured products
Barclays Capital has launched online book-building on equity structured note issues.
TSE consults customers for trading technology upgrade
The Tokyo Stock Exchange (TSE) plans to cut response times and improve safety margins with a new IT system, according to a TSE report.
BIS: debt now bigger problem than inflation
The main structural threat to global economic growth is no longer runaway inflation, but a slower rebalancing of excess debt, according to a working paper released by the Bank for International Settlements (BIS).
RBS snares alternative risk transfer head from Morgan Stanley
The Royal Bank of Scotland has recruited Eugene Dimitriou as head of alternative risk transfer, global banking and markets.
Euronext.liffe extends trading hours
Euronext.liffe will increase its trading hours for Euribor interest rate futures from the second quarter of 2007.
Lefferts joins Markit in best execution role
London-based data provider Markit has today announced the appointment of David Lefferts as a director.
GFI releases most-traded CDS list
Interdealer broker GFI has released its monthly report on the most actively traded US, European and Asian names in the credit default swap (CDS) market in September.
Amaranth investors should have known risks, says Edhec analyst
Investors in Amaranth, the US hedge fund now preparing to liquidate after taking large losses on natural gas derivatives, should have known that the fund was a risky investment, according to an analyst from France's Edhec business school.
BarCap hires chief sterling strategist
Barclays Capital has appointed Paul Robinson as chief sterling strategist.