Risk magazine
Ireland’s energy regulators to probe trading rules before full liberalisation
Ireland’s Commission for Energy Regulation (CER) is working on plans to liberalise the country’s electricity market and should publish a “decision on high principles” in April this year, according to Denis Cagney, head of networks at the CER in Dublin.
US structured products head Ricciardi quits CSFB
Christopher Ricciardi, head of Credit Suisse First Boston's (CSFB) US structured credit products group in New York, has left the Swiss-owned investment bank, a CSFB spokesperson said.
Lehman’s Coym replaces Fischer as Eurex chairman
The exchange council of Eurex Deutschland has elected Peter Coym as its new chairman to replace Leonhard Fischer, who resigned the post when he left Dresdner Bank on October 31 last year.
Deutsche Asset Management to focus on retail market in Asia
Deutsche Asset Management has hired Sharon Cheng as head of retail sales for its Asia ex-Japan businesses. The newly created position is aimed at boosting the firm’s efforts in the retail market across the region.
BarCap chief hits back at Buffett’s derivatives 'time bomb' comments
Robert Diamond, chief executive of Barclays Capital, the investment banking arm of the UK’s Barclays Bank, has hit back at comments made by US investor Warren Buffett, who said on Monday that derivatives were “time bombs”. “[Buffett] should be wary of…
FT Interactive Data enhances BondEdge credit risk capabilities
FT Interactive Data, a Massachusetts-based supplier of financial information and analytical software, has expanded the credit risk management capabilities of its BondEdge fixed-income portfolio analytics product.
Feinstein asks CFTC to investigate gas pricing manipulation
Dianne Feinstein, the Democrat senator for California, yesterday urged the Commodity Futures Trading Commission (CFTC) to work with the Federal Energy Regulatory Commission (FERC) to investigate whether there has been manipulation of the US natural gas…
Fimat Group reinforces Asian operations
Fimat Group, the brokerage arm of French bank Société Généralé, has promoted a number of its staff in the Asia-Pacific, in a move aimed at reinforcing its position in the region.
Reuters 3000Xtra offered via servers
Reuters has developed a centrally managed server farm that should allow clients to deploy its premium information and trading Reuters 3000Xtra terminals at reduced cost.
BNP Paribas hires Hong Kong-based securitisation specialist from Fitch
BNP Paribas has hired Sunny Park as a Hong Kong-based associate director and structured credit research analyst. She is due to start work at the French bank this week, and was previously an analyst in the structured finance division of credit rating…
RMS releases portfolio-based pricing for weather derivatives
Risk Management Solutions (RMS), a California-based provider of software for managing natural hazard risks, has released version 3.3 of its Climetrix weather derivatives trading and risk management system.
Derivatives are “time bombs”, warns Buffett
Derivatives are “time bombs” for the parties that deal in them and for the economic system as a whole, high-profile US investor Warren Buffett warned yesterday.
Asset Alliance sues Beacon Hill for $500 million
Asset Alliance, a $4.5 billion hedge fund investor based in New York, has filed a $500 million arbitration claim against the mortgage arbitrage fund, Beacon Hill.
The CLS age dawns
Introduction
IDC finalises S&P Comstock acquisition
Interactive Data Corporation (IDC) has purchased S&P ComStock, a real-time information service providing financial data from more than 180 stock exchanges worldwide.
Credit derivatives employees reap the highest salaries
Staff employed in the credit derivatives divisions at banks on average receive the highest salaries of all staff, with an Asian-based managing director in synthetic structuring at a bulge-bracket firm earning an average basic plus bonus of £1.35 million…
Korea’s Koram Bank joins SuperDerivatives
Korea’s Koram Bank, a joint venture established by a consortium of local conglomerates, has joined SuperDerivatives, the internet-enabled currency options pricing system.
Moneyline Telerate to offer GFI repo data
Moneyline Telerate will offer access to inter-dealer broker GFI’s European repo data in the next couple of months, and plans to offer other GFI data later this year.
Canadian regulator addresses derivatives-based insider trading
The Ontario Securities Commission (OSC) plans to introduce regulations that prevent sophisticated investors from using derivatives to circumvent current insider trading rules.
Serving the pension funds
Introduction
Propping up returns
Proprietary trading
FiXing op risk
Technology
Assessing views
Portfolio management
