Foreign exchange
Mekhail to head Gatehouse Wealth
Mourad Mekhail has been appointed managing director of Institutional Wealth Management at Gatehouse Bank, the sharia-compliant wholesale investment bank. Mekhail reports directly into Ewa Gracey, Head of Distribution.
EU members reach understanding on cross-border stability
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Internal audit turns focus to risk management
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CEBS out with liquidity risk CP part two
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Basel Committee consults on liquidity risk management and supervision
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Deutsche Bank offers commodity-linked ETN exposure
Deutsche Bank and Invesco Powershares have launched eight exchange traded notes (ETNs) on the Arca platform of the New York Stock Exchange. Four will be linked to the performance of industrial metals, while the remaining notes will track crude oil price…
Hang Seng launches China index
Index provider Hang Seng Indexes has launched the Hang Seng China 50 index which is designed to provide a cross-market benchmark of the 50 largest companies listed on the Hong Kong and mainland China stock exchanges. It has also launched a series of…
Basel Committee drafts liquidity risk principles
The Basel Committee on Banking Supervision today issued for public comment enhanced global Principles for Sound Liquidity Risk Management and Supervision , with a July 29 deadline for responses.
Barclays optimises Eastern Europe exposure
Barclays Wealth has added a new option offering Eastern European exposure to its Emerging Markets Optimiser product. The original product, launched at the end of January, was linked to the performance of the iShares MSCI Emerging Markets Index exchange…
ETF Securities launches 66 short and leveraged ETCs on Deutsche Börse
ETF Securities has launched 66 short and leveraged exchange-traded commodities (ETCs) on Deutsche Börse Xetra, creating a world first for listed access to a platform of short and leveraged commodity indexes via ETCs. The 33 short and 33 leveraged ETCs…
ABN upbeat on US dollar
ABN Amro has launched two capital protected notes in Germany which are designed to provide exposure to the appreciation of the US dollar against the euro. The notes are targeted at investors anticipating a move towards a sustainable US base interest rate…
TechHackers launches structured products suite
Technology vendor TechHackers in New York has launched a Structured Products Suite to its @nalyst Excel Spreadsheet Add-Ins. The vendor is a subsidiary of fixed income electronic trading platform and software provider BondDesk.
CI launches ScotiaBank note series in Canada
CI investments has kicked off a new series of fund-linked notes for Canadian investors. The Bank of Nova Scotia – CI 2X Deposit Notes offer principal protection twinned with leveraged exposure to an income and growth fund.
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FSA introduces short seller disclosure regime
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FSA chairman gets tough on liquidity issues
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Analysts see oil prices topping around $145/bbl
After rising an unprecedented $11 a barrel on Friday to reach a record high of $139.12/bbl, New York crude futures were seen to consolidate before rising again. However some analysts believe a cap on prices exists around the $145/bbl level
EDF Trading’s Nordic office commences business
EDF Trading, the subsidiary of EDF responsible for wholesale energy market activity, announces the opening of its Nordic office in Oslo, Norway
SEC issues warning to ratings firms
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Agencies agree fee reform
Standard & Poor's, Moody's and Fitch have agreed fee reforms at the behest of New York State attorney-general Andrew Cuomo.
Evidence of risk tolerance returning, says BIS
After the turmoil of the past year, there are tentative signs that investor appetite for risk is coming back, according to the findings of the Bank for International Settlements’ (BIS) latest Quarterly Review.
Audit firms’ liability cap recommended by European Commission
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Texas power spikes set tone for summer
Surging wholesale power prices in the ERCOT region may set the tone for a summer of skyrocketing costs, say analysts.