ABN Amro
iBoxx licenses indexes for exchange-traded funds
Frankfurt-based indexing company iBoxx and Pennsylvania-based exchange-traded fund (ETF) company iShares have struck a deal to license iBoxx indexes as the basis for European fixed-income ETFs to be launched on Deutsche Börse. The new products are…
ABN Amro to close A$1.1 billion Gibraltar synthetic CDO today
Dutch banking group ABN Amro expects to close its Gibraltar synthetic collateralised debt obligation (CDO) referenced on a portfolio of global credit default swaps worth a notional amount of A$1.1 billion today, Paul Cordeiro, ABN Amro's Sydney-based…
European asset managers gear up for CAD3
European asset management firms wanting to comply with the most sophisticated measurement method allowed in the revised Basel Accords—the advanced measurement approach (AMA)—must prepare now, as it requires them to have a whole set of advanced risk…
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Citigroup wins FX Week strategy award
Citigroup’s FX strategy team took the top spot in FX Week's best bank in FX research and strategy award, ousting last year’s winner Deutsche Bank into second place.
Weather Board of Trade delays launch as problems mount
Atlanta-based Weather Board of Trade (WBOT), which was set for an October launch, will now only start trading exchange-based weather derivatives in February 2003. WBOT has also lost a number of its charter members, encountered problems with its fund…
Data hurdles
The risk management rumour mill has been buzzing in recent weeks with the story that US banking regulators have told the senior management of the country’s 30 largest banks that they will be expected to implement the advanced internal ratings-based (IRB)…
Clients of settlement members go live today on CLS
Clients of banks that have signed up as settlement members to CLS Bank can from today have their foreign exchange transactions settled on continuous linked settlement (CLS), the system built to reduce risk in the global forex markets.
Deutsche Bank credit protection trades wider following Q3 losses
The cost of senior debt protection for Deutsche Bank has crept 5 basis points wider to 58bp-mid after the bank posted a third-quarter net loss of €299 million. In otherwise thin markets, credit derivatives traders in London said active buyers of…
Currency overlay set to hit $500 billion
Currency overlay, the management of currency exposures in an investment portfolio separate from underlying asset exposures, is set to become a $500 billion dollar industry within the next three years, according to Piero Overmars, Dutch bank ABN Amro’s…
International banks step-up German fixed-income derivatives coverage
Deregulation of the German insurance market is attracting the world's top investment banks to expand fixed-income derivatives operations in Frankfurt.
ABN Amro to release second iBoxx-linked note
ABN Amro is to issue a second credit-linked note early next week, called iBoxx 40, following the release of its iBoxx 50 credit-linked note in July. iBoxx 40 will be the first index-derived credit product issued in Swiss francs, with an initial issue…
ABN Amro hires German global financial markets head
Dutch bank ABN Amro has hired Hermann Watzinger to head its global financial markets group in Germany, covering all of the bank’s activities in fixed income, including structured finance, treasury, asset securitisation and fixed-income derivatives…
Barclays Capital adds to futures sales desk in Singapore
UK bank Barclays Capital has hired James Clarke in its futures sales desk in Singapore, according to an official at the bank in Hong Kong.
ABN Amro hires head of European CMBS
Dutch bank ABN Amro has appointed David Newby in a dual position as head of European commercial mortgage-backed securitisation (CMBS), and UK and Irish securitisation.
ORX loss database operational by the end of the year
FRANKFURT, GERMANY - The Operational Riskdata eXchange Association (ORX), a not-for-profit venture to pool op risk loss data resources, expects its operational risk database to be operating by the end of 2002, Fred Peemoeller, chief risk officer,…
Deutsche launches Cristals credit index note
Deutsche Bank has launched a five-year index-linked credit note. The underlying index for the new security will be the euro corporates overall index provided by iBoxx – the credit index consortium.
Egar Technology secures $2.5 million in new funding
Egar Technology, a risk management systems vendor set up to hedge funds, banks and commodity risk managers, has secured $1.5 million in funding from World Bank private sector investment arm, the International Finance Corporation (IFC), and $1 million…
ABN Amro Futures hires head of soft commodities in US
ABN Amro Futures Group, part of ABN Amro Clearing and Execution Services (AACES) division, has appointed John Koehne as head of soft commodities in the US.
ABN Amro appoints senior US FX strategist
ABN Amro has appointed Greg Anderson, previously senior global markets strategist at Fleet Bank Boston, as senior foreign exchange strategist in the US.
Credit liquidity at a premium as trading activity hits the August blues
Liquidity in the European and US credit derivatives markets has hit premium levels in Europe and the US this week, with trading said to have fallen to 10% of normal volumes and spreads fluctuating within a five basis point range.
ABN Amro appoints new head of Asian equity derivatives trading
Dutch Bank ABN Amro has hired Ali Ahmed as head of Asian equity derivatives trading in Hong Kong, according to an official at the bank in the territory.
ABN Amro hires global head of CDOs
Dutch bank ABN Amro has hired Fernando Guerrero, formerly managing director of structured products at TD Securities, to head its global collateralised debt obligation (CDO) business.