ABN Amro
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Isda launches Chinese collateral glossary
The International Swaps and Derivatives Association today launched a Mandarin/ English glossary of collateral terms, as it seeks to encourage the use of collateral in credit risk mitigation for the Chinese-speaking world.
Fed fines ABN Amro $80 million
The US Federal Reserve has ordered ABN Amro to pay $80 million in fines for lacking adequate risk management that could identify money laundering activities in its overseas branches. According to the order released on December 19, the Amsterdam-based…
Renaissance lures Becker from ABN Amro
Russian investment bank Renaissance Capital has snared Pier Becker from ABN Amro in Moscow.
China to open futures market to foreign investors
The Chinese government may relax its rules to encourage foreign investors to enter the country's lacklustre futures market, with ABN Amro the first to move.
Amro launches electronic Swiss franc swaps platform
ABN Amro has launched an electronic Swiss franc interest rate swaps trading platform on Bloomberg.
Calyon and ANZ launch Australian credit CPPI notes
Calyon and ANZ have launched what they say are the first credit constant proportion portfolio insurance (CPPI) notes for the Australian market. They are called Credit Sail and offer 100% principal protection.
ABN Amro offers record €22bn securitisation to ease balance sheet
ABN Amro has launched a €22 billion securitisation, made up of mortgage-backed notes and credit default swaps (CDS).
Risk and responsibility
A growing number of banks are producing sustainability reports detailing their environmental and socially responsible initiatives. Is this just slick PR or has sustainability become an important risk management consideration? Clive Davidson investigates
ABN Amro completes first sector property derivatives trade
ABN Amro has completed a property derivatives deal based in part on the Investment Property Databank (IPD) UK retail index, in what it claims is the first to be based on a specific sector of the market.
Calyon and Axa launch ‘Ocean’ credit CPPI notes
Calyon and Axa Investment Managers (IM) are set to join the slew of financial institutions offering 100% principle-protected notes based on a managed portfolio of synthetic credits.
ABN Amro and Axa close Synergie credit note
ABN Amro and Axa Investment Managers (Axa IM) have closed a principal-protected long/short credit note called Synergie, which has been sold to institutional investors in Europe, Asia and the Middle East.
ABN Amro beefs up Asian distribution
ABN Amro plans to build up its Asian marketing effort by adding two staff to its derivatives sales and solutions group (DSSG) in Hong Kong.
ABN Amro reinforces equity derivatives team
ABN Amro has added two senior traders to its equity derivatives team in London, hoping to tap a larger investor market.
MarketAxess launches CDS index trading platform
MarketAxess has launched a multi-dealer credit default swap (CDS) index trading service in London and New York. The New York-based company is targeting end-users to use the service.
ABN Amro boosts ABS research
Christopher Anhamm, currently head of covered bond research at ABN Amro, has been given the role of head of European asset-backed securitisation (ABS) research.
M&As spark op risk software shuffle
LONDON AND NEW YORK – Mergers and acquisitions are hotting up again in the op risk software industry. Two acquisition announcements in June have set tongues wagging on both sides of the Atlantic about who the next targets will be, and which potential…
Deutsche Bank expands US structuring desk
Deutsche Bank has expanded its US retail structuring desk by hiring Christopher Yeagley as head of the desk and Scott Milner as a vice-president in retail structuring.
CDS on ABS set for growth as documentation and sentiment improves
Asset-backed security (ABS) derivatives look set to gain increased popularity, firstly following the release of a template for ABS credit default swap (CDS) trading by the International Swaps and Derivatives Association, and second due to various bankers…
Specialist inflation funds proliferate in Europe
European funds specialising in inflation-linked products accounted for around 30% of all inflation-linked product end-users during 2004, according to ABN Amro.
iTraxx credit-linked notes launched
International Index Company, the Frankfurt-based firm that administers the European and Asian iTraxx credit derivative indexes, has launched three five-year iTraxx credit-linked notes.
Market Axess and DTCC team up to offer CDS index trading system
Electronic bond trading platform company MarketAxess has teamed up with the Depository Trust & Clearing Corporation's (DTCC) and 11 global dealers to create an electronic client-to-dealer trading platform for credit default swap (CDS) indexes. The CDS…
Creditex, Markit and major dealers launch European credit fixings
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.