Foreign exchange
Bankers' incentives blamed for crisis
In the wake of the credit crisis, senior bankers and regulators are considering changes to incentive programmes, which might have encouraged traders to make short-term bets without considering long-term risks.
Investors caught short by auction rate meltdown
Investors badly misjudged the risks posed by auction rate securities (ARS), and the willingness of dealers to keep supporting the market in the event of a liquidity drought, a new report has shown.
CEBS consults on diversification benefits of internal models
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US Fed issues standardised approaches NPR
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FDIC approves Basel II standardised approach
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Small US banks free to pursue Basel II standardised approaches
The Federal Reserve has announced it will permit smaller US financial institutions to implement the standardised approach for Basel II compliance, acknowledging misgivings raised by banks over previous proposals.
Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
Derivatives Summit: UK shadow minister urges policy reforms
In his keynote address at the Risk Derivatives Summit held in London on June 24, Philip Hammond, Conservative MP for Runnymede and Weybridge, and shadow chief secretary to the Treasury, said the time has come for a major rethink on monetary policy.
Derivatives Summit: Improve processing now, OECD market chief says
Despite ongoing market turmoil, the future for derivatives is bright. Or at least it will be if the industry’s risk management infrastructure is tightened up, said Hans Blommestein, head of the capital markets programme at the Organisation for Economic…
Derivatives Summit: Investors should heed lessons of crisis, summit told
Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers speaking at Risk ’s 2008 Derivatives Summit in London.
UK issuers unveil inflation-busters
Barclays has reissued its Commodity Select protected investment, targeting UK investors looking for an inflation hedge. The re-issue follows consistent rises in the Consumer Price Index (CPI), the annual inflation of which rose 0.3% between April and May…
BarCap launches Sharia-compliant hedge fund platform
Barclays Capital has launched an investment platform, called Al Safi, which offers investors Sharia-compliant access to hedge funds.
Brown calls for oil market transparency; reveals investment plans
UK prime minister Gordon Brown has today called for increased transparency in the global oil markets, and revealed a series of international energy investment initiatives.
Careless talk
Editor's blog
Risk management discussed at Senate Banking Committee hearing
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Paulson pushes for more power to the Fed
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FTSE and NYSE Euronext launch FTSE 100 volatility index
Index provider FTSE and NYSE Euronext have launched the FTSE 100 Volatility index which is designed to capture implied volatility embedded in the price of FTSE 100 options traded on Liffe, the derivatives trading arm of Euronext.
SocGen AM departees form new sales team at Caam
Credit Agricole Asset Management (Caam) has made two new structured products sales appointments within its institutional, corporate and distributors international division. Franck du Plessix has been hired for the new role of head of structured product…
Habib parts company with Lehman Brothers
Adam Habib, managing director and head of equity structured retail products at Lehman Brothers in London will leave the bank at the end of this month to pursue his own business interests after reaching a final agreement on Friday June 13.
Barclays lists currency revaluation ETN
Barclays Capital has listed a new exchange traded note (ETN) on the Arca platform of the New York Stock Exchange. The Asian and Gulf Currency Revaluation ETN is linked to the performance of five different currencies pegged to the US dollar which could…
CEBS reports on bank transparency and illiquid product valuations
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ETF Securities expands team in Germany, UK and Ireland
ETF Securities has bolstered its sales team by appointing Nigel Longley as Sales Director based in Frankfurt, where he will join Tim Harvey and Michael Geister in covering the German and Austrian markets. Longley will report to Hector McNeil, managing…
NatWest International launches third edition of Autopilot
NatWest International Personal Banking (IPB) has unveiled a third edition of Autopilot, its capital guaranteed structured deposit account.