Risk magazine
China allows RMB interest rate swaps
The People’s Bank of China (PBOC) has issued new regulations allowing banks to conduct renminbi-denominated interest rate swap transactions on a trial basis. The move is the latest in a series of measures by the central bank to liberalise the RMB…
StanChart appoints three in FX and rates
Standard Chartered has made three new appointments to its foreign currency options and interest rates derivatives desks based in London.
OCC merges credit and market risk units
The Office of the Comptroller of the Currency (OCC), a division of the US Department of Treasury, which regulates national banks, is in the process of merging its credit and market risk divisions.
CME launches snow derivatives
The Chicago Mercantile Exchange (CME) will list snowfall futures and options from February 26 on its Globex electronic trading platform.
NYSE fines Bear Stearns $1.5 million
The New York Stock Exchange (NYSE) has fined Bear Stearns $1.5 million for various violations of its trading rules.
RBC loses two commodity seniors to DrKW
Dresdner Kleinwort Wasserstein (DrKW) has hired two senior executives from Royal Bank of Canada (RBC) to join its commodities desk in London.
CalPERS picks AlphaEngine for currency group
CalPERS, the largest pension fund in the US, has picked Mcube's AlphaEngine software to support its currency investment team.
DTCC continues post-trade processing push
The Depository Trust & Clearing Corporation (DTCC) has appointed Gina Ghent as a vice-president for business development. Ghent will be responsible for expanding the New York-based clearance and settlement firm’s over the-counter derivatives post-trade…
Bank of America takes on HSBC metals group
Bank of America has recruited Peter Merritt to head a new metals trading team. Merritt, previously head of global metals at HSBC, will bring a team of metals traders and marketers with him from HSBC to Bank of America's New York office.
BarCap takes eFX options trading to the next level
Barclays Capital has become the first dealer to launch live two-way streaming tradable prices for FX options, which will be rolled out to its clients during the coming months on its proprietary platform Barx.
S&P expects more sub-investment grade sovereign issuance
Standard & Poor’s (S&P) expects a growing number of emerging market sovereigns to request ratings in the near term. This follows new ratings assigned to Georgia (B+), Sri Lanka (B+) and Nigeria (BB-).
BNP Paribas hires Hervella for LatAm structuring role
Francisco Hervella has joined BNP Paribas as a New York-based director and senior Latin American structured products marketer in the equity and derivatives sales group. He reports to Nick Kello, US head of equity and derivatives sales for financial…
Abner named head of ETF trading at BNP Paribas
BNP Paribas has recruited David Abner as head of exchange-traded fund (ETF) trading in New York.
Tullett appoints head of equity options
Inter-dealer broker Tullett Prebon has appointed Simon Drake as director of equity options in its new London-based volatility division.
Bear Stearns names risk chiefs
Investment bank Bear Stearns has named Michael Alix as chief risk officer and Robert Neff as his deputy.
Nordea books loss over hedge mistrade
A trader's error last December cost Nordic bank Nordea €20 million, the bank has admitted.
SG names new deputy head of alternative investment sales
Société Générale Corporate and Investment Banking (SGCIB) has appointed Tom Doyle as deputy head of alternative investment sales for its equity derivatives operation.
Man completes Refco Canada takeover
Man Financial has completed its takeover of Refco's Toronto-based Refco Canada subsidiary.
Fuelling change
Airlines
Know your market
Profile
Challenging the giants
Energy and commodity rankings 2006
The soft parade
Exchanges
Price rise = price risk
Mergers and acquisitions