Risk magazine
Reuters launches foreign exchange forwards in India
Reuters launched a forwards foreign exchange broking service in India last week.
ABN Amro adds in derivatives marketing
Rajiv Baruah has joined ABN Amro in Singapore as a derivatives marketer in the Asia debt markets origination group.
Deutsche Bank's options head takes on North American trading
Neehal Shah, global head of foreign exchange options at Deutsche Bank, has transferred from London to New York to assume the title of head of foreign exchange trading, North America.
Del Fante quits JP Morgan Chase
Matteo Del Fante has quit his job as head of JP Morgan Chase’s public sector business for Europe, the Middle East and Africa. Del Fante, who was not available for comment, is to take a job in the Italian public sector, according to sources.
Fed's Ferguson defends US position on Basel
The US approach to regulatory capital is "perfectly consistent" with the spirit of the new risk management proposals from the Basel Committee, said Roger Ferguson, vice-chairman of the board of governors of the US Federal Reserve System, this week.
Patsystems moves into forex trading
UK-based trading technology vendor Patsystems will expand into foreign exchange trading through a deal reached with IFX Markets. The British companies will develop an interface that will allow traders on Patsystems’ trading platform to connect directly…
Risk management held back by lack of clear definition
Risk managers must collectively define the value of their trade to be taken seriously, according to Andrew Smith, chief financial risk officer of UK bank HBOS.
RMA signs up for OpVantage First database
The Risk Management Association (RMA) has signed up to use OpVantage's First (financial institutions risk scenario trend) database. OpVantage, a division of rating agency Fitch, provides operational risk software to the industry.
There can be no more Basel delays, warns Bolkestein
The European Union will not meet its CAD 3 implementation targets if the new Basel II capital Accord is hit by further delays, Frits Bolkestein, internal market and taxation commissioner for the European Commission (EC), warned at a conference today.
Icap Energy to act as CCX liquidity provider
Icap Energy, the energy brokerage arm of UK inter-dealer broker Icap, has become a member of the Chicago Climate Exchange (CCX). Icap Energy will now act as a principal counterparty to CCX members trading on the exchange.
Strong global OTC growth continues
A surge in interest rate swaps drove a global increase in the over-the-counter derivatives market of 20% over the first half of this year, according to figures released today by the Bank for International Settlements (BIS).
Mark-it snares first French contributor
Mark-it Partners, a UK company providing daily pricing information on credit derivatives and cash credit instruments, has signed up French bank Credit Agricole Indosuez (CAI), its first French client.
WestLB boosts credit derivatives sales
Germany’s WestLB has snared Anthony Brown as executive director and head of credit sales. Based in London, he will sell a range of credit products to non-German-speaking accounts.
BoNY steps up hedge fund transparency effort
The Bank of New York has stepped up its efforts to offer hedge funds increased transparency in Europe, with the hire of David Aldrich as head of securities industry banking. Aldrich will assume responsibility for relationship management and sales to…
Nomura analyst sceptical about Nera’s ratings study
Research by National Economic Research Associates' (Nera) economic consulting division comparing different rating agencies’ rating processes has been described as “disappointingly inconclusive” by Mark Adelson, a New York-based securitisation and asset…
Former head of currency forwards returns to Bank One
Bank One’s former head of currency forwards, Paul Smith, will rejoin the company in London tomorrow (November 11) as a senior euro forwards trader, a senior official told RiskNews’ sister publication FX Week .
UBS hires Latin American trading head
Ron Goldshmidt has joined UBS's fixed income, rates and currencies division at Stamford, Connecticut, in the newly created position of head of Latin American trading.
Summit Systems names prominent hires in New York
Software vendor Summit Systems has made a number of appointments for its New York office. The hires include the return of co-founder Kathy Perrotte to the vendor after a one-year sabbatical.
CBOT chief again hits out at Eurex US
Chicago Board of Trade (CBOT) chairman Charles Carey urged the Commodity Futures Trading Commission to conduct a full and careful review of the application by Eurex to establish a US subsidiary yesterday. Carey’s comments are the latest in an ongoing…
Singapore’s OCBC signs technology deal with FSS
Oversea-Chinese Banking Corporation (OCBC), the Singapore-based financial services group, has entered an agreement with Financial Software Systems (FSS) for its foreign exchange margin trading business.
Industry veteran quits CFTC
Jane Kang Thorpe, director of the division of clearing and oversight of the Commodity Futures Trading Commission (CFTC), will leave the US regulator later this month. She leaves to take up a post as general counsel for the Dubai Regional Exchange (DRI).
US Senate rejects energy derivatives legislation
The US Senate yesterday voted down proposed legislation that sought to impose tighter controls over energy derivatives trading.
Totem and PwC terminate six-year relationship
UK derivatives pricing service provider Totem Market Valuations and international accounting firm PricewaterhouseCoopers (PwC) have ended a six-year co-operation relationship.
Bear Stearns snares another top credit derivatives executive
Bear Stearns has made another senior hire in its rapidly expanding credit derivatives department. Alex Reyfman will join the US investment bank in New York as managing director and head of credit derivatives research.