People
ETF expert Deborah Fuhr steps down from managing director role
Deborah Fuhr has stepped down from her position as a managing director based in London at Morgan Stanley this week, according to the investment bank. While Fuhr remains at Morgan Stanley, the bank offers no comment on what role she will now occupy.
European Commissioner backs power exchange merger
EU energy commissioner Andris Piebalgs has backed the merger of Germany’s European Energy Exchange (EEX) and France’s Powernext to create single Franco-German power spot and futures markets.
Jon Gregory quits Barclays Capital
Jon Gregory, London-based global head of credit quantitative analytics at Barclays Capital, is leaving the firm today.
JP Morgan’s King of securitisation departs
Bill King, JP Morgan’s global co-head of securitised products, is leaving the bank.
Adair Turner to head FSA
Adair Turner will succeed Callum McCarthy as chairman of the UK Financial Services Authority in September this year.
Iosco stiffens code of conduct for rating agencies
The Madrid-based International Organisation of Securities Commissions (Iosco) has issued a report tightening its voluntary code of conduct for rating agencies.
Mishkin resigns from Fed board
Frederic Mishkin will step down as one of the governors of the US Federal Reserve in August, creating a third vacancy on the seven-seat board.
FSA publishes feedback on the liquidity requirement discussion paper
Daily news headlines
Merrill Lynch suspends equity derivatives trader
Merrill Lynch has initiated a probe into suspicious activity detected on one of its equity derivatives trading desks, suspending one of the traders at the desk.
Marking to market, to model or to matrix?
10. Mark-to-market
Monoline insurers and the super-senior bombshell
9. Monolines
The future for CDOs: An end to complexity?
12. The outlook
Ex-Bear staff leave JP Morgan only two months into their jobs
Jeff Mayer and Craig Overlander are departing JP Morgan after being appointed to senior positions at the bank in early April.
Global head of structured credit quits Morgan Stanley
Matt Zola, global head of structured credit at Morgan Stanley, has resigned from the bank.
UBS names global capital markets heads
UBS has appointed Roberto Isolani and Matthew Koder as co-heads of its global capital markets (GCM) business, which is a recently merged division of the bank's equity capital markets and debt capital markets divisions.