Risk magazine
SG appoints new commodity trading deputy
Société Générale (SG) has promoted Edouard Neviaski to deputy head of commodity trading, based in Paris.
Standard Chartered appoints capital markets chief
Brad Levitt has been promoted to global head of capital markets and wholesale banking at Standard Chartered in Singapore following the departure of the previous head David Worth.
Algorithmics and Citigroup in credit risk partnership
Algorithmics, a Toronto-based specialist in enterprise risk management, has entered into a strategic alliance with global banking giant Citigroup to deliver a global suite of credit risk models. The models will provide credit risk and default analytics…
BarCap extends Barx to variance swaps
Barclays Capital has extended Barx, its electronic single-dealer trading platform, to cover variance swaps. The service will enable Barclays’ customers to trade variance swaps on a variety of equity indexes through their Bloomberg terminals.
CME names new business development chief
The Chicago Mercantile Exchange (CME) has named John Davidson as chief corporate development officer.
Standard Chartered bolsters Asian forex team
Standard Chartered has hired Fu Qing from ABN Amro to head its foreign exchange trading business in Shanghai. Fu, who started with Standard Chartered on January 4, had previously worked for ABN Amro in Shanghai, where he was assistant vice-president of…
Markit and FT Interactive Data to form strategic alliance
Markit and FT Interactive Data have formed a partnership in corporate and government bond evaluations that the companies believe will provide a greater degree of transparency in the credit markets.
Deutsche credit correlation trader under investigation for £30m shortfall
A credit derivatives trader at Deutsche Bank in London was suspended in mid-December pending an internal probe into how he managed to overstate the profits on his book by £30 million. Anshul Rustagi, who traded tranched credit indexes for the bank’s…
DrKW electronic drive sparks personnel moves
Dresdner Kleinwort Wasserstein (DrKW), the investment arm of Germany’s Dresdner Bank, plans to further separate its credit flow products and digital markets divisions as part of what it calls an effort to expand electronic trading across its business.
BIS appoints new chairman
The Bank of International Settlements (BIS) has elected Jean-Pierre Roth as its new chairman for a period of three years commencing March 1.
Caruana to step down as Basel Committee chief
Jaime Caruana will step down as chairman of the Basel Committee on Banking Supervision in July, when his six-year tenure as head of the Spanish central bank expires.
TSE unveils plans for new platform
The Tokyo Stock Exchange (TSE) has unveiled plans to develop a next-generation computer system in the next two or three years. The move comes less than a month after the exchange’s trading system rejected trade cancellation requests by a Mizuho…
Nikko hit by latest Japanese trading error
A new trading error on the Tokyo Stock Exchange looks set to cost broker Nikko Citigroup an estimated JPY1 billion ($8.6 million). The development follows a more serious trading error at Mizuho on December 8.
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Isda launches Chinese collateral glossary
The International Swaps and Derivatives Association today launched a Mandarin/ English glossary of collateral terms, as it seeks to encourage the use of collateral in credit risk mitigation for the Chinese-speaking world.
Bumper 2005 for exchange-traded derivatives
Exchange-traded derivatives had another bumper year in 2005, with a record volume of transactions being logged on both sides of the Atlantic.
Eurex board confirms it is seeking US partner
Swiss-German derivatives exchange Eurex has confirmed it is in talks with a number of rival US-based exchanges about forming a partnership to expand its ailing US business.
London public-sector pension fund aims to close liability gap
The London Pensions Fund Authority (LPFA), which manages total net assets of £3.2 billion for local authorities and other public sector bodies in the UK capital, plans to substantially revamp its investment strategy to make up for its liability deficit…
Patsystems poaches chief executive from AttentiV
David Paul Webber, former chief executive of UK financial services software developer AttentiV Systems Group, joins Patsystems today as chief executive to replace outgoing head Kevin Ashby.
Calyon appoints new London treasurer
Calyon's Asia-Pacific treasurer, Phillipe Cotillon, is set to leave the French bank's Hong Kong office to take up a similar treasury role in London, according to RiskNews ' sister publication FX Week .
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