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Experts expect to finalise Basel II securitisation issues this week
LONDON – Technical experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II accord aimed at making the world’s banking system safer – the technically thorny question of how to treat…
Basel II securitisation issues conclusion expected this week
Experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II Accord aimed at making the world’s banking system safer – the technically thorny question of how to treat the credit risks for…
FXall hires marketers from former rival Atriax
Two former employees of defunct multi-bank FX tradingportal Atriax were last week hired by rival portal FXall. Keith Hill joins FXall in London as head of Europe, Middle East and Africa sales, while Michelle Bachmann-Love was made head of North America…
Citi snares Achnitz from Goldman to head German FX
Citigroup has made two hires to its foreign exchange business in Frankfurt, in a move that global forex head Richard Moore said underlines its commitment to the German market.
Deutsche appoints new Japan head of credit
Deutsche Bank has appointed David Schrenzel as head of integrated credit trading in Japan, replacing Jeffrey Zavattero who resigned from the bank last month.
Greenspan defends Fed’s role in tech bubble
The US Federal Reserve’s chairman, Alan Greenspan, claimed that it is far from obvious that a bubble, even if identified early, can be pre-empted by a central bank without inducing a substantial contraction in the economy, but conceded that better models…
FSA releases details of landmark market manipulation legal judgement
The UK's Financial Services Authority (FSA) has released details of a legal judgement that repudiates a novel human rights defence attempted by an ex-JP Morgan equity derivatives trader accused of market manipulation.
Euronext Amsterdam hit by more technical problems
Euronext Amsterdam, the Dutch arm of the pan-European cash and derivatives exchange, halted derivatives trading for three and a half hours today due to a network problem. A Euronext spokesman was not able to elaborate on the matter, although he said all…
Lehman Brothers hires head of Japan fixed-income sales
Lehman Brothers has hired Tetsu Serizawa as managing director and head of fixed-income sales in Japan.
EnergyClear hires senior risk officer
EnergyClear Corporation (ECC) has hired Holly Arney as senior vice-president of risk management. ECC, a Houston-based, not-for-profit, industry-owned and sponsored clearing house, aims to provide comparison, netting and settlement of over-the-counter…
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