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Walker Review ruffles feathers in the City
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UBS hires new head of rates trading
UBS has appointed Chris Murphy as its new global head of interest rate derivatives trading.
TSE targets Japanese banks for CCP
The Tokyo Stock Exchange (TSE) is courting domestic financial institutions to become clearing members of its proposed central counterparty (CCP), which it is developing alongside its 86.3%-owned clearing arm, Japan Securities Clearing Corp (JSCC).
Amerex launches consulting service
Amerex Brokers, an over-the-counter energy broker and wholly-owned subsidiary of GFI Group, has formed a fee-based energy risk management and execution consulting division called Amerex Energy Consulting Services (AECS).
SEC inspections head resigns
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BofA-Merrill hires Zaimi to head FICC and structured products sales
Bank of America Merrill Lynch has named Sanaz Zaimi as head of Fixed Income, Currencies and Commodities (FICC) sales for Europe, Middle East and Africa (EMEA), as well as head of debt and equity Structured Products Sales for the same region.
High correlations spur interest in CCDS
Interest in using contingent credit default swaps (CCDS) as a speculative tool is being fuelled by high levels of cross-asset class correlations, according to some market participants.
Singapore's MAS bans 10 retail structured note distributors
The Monetary Authority of Singapore (MAS) has banned 10 financial institutions from selling structured notes, after their clients lost S$401 million by investing in Lehman-linked structured credit products.
SEC considers asking banks to justify director appointments
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Q&A: Ceiops' secretary-general supports EC reforms
In an interview with Risk , Carlos Montalvo Rebuelta, secretary-general of the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops), backed the European Commission's plans to replace it with a new supervisory authority that…
UBS merges quant group
UBS has merged its fixed income, currencies and commodities (FICC) and equity quantitative analysis teams, bringing them under the umbrella of the newly created investment banking (IB) quantitative analysis group, according to a leaked internal memo.
Michael Cosgrove
Our 15th anniversary profile series of key energy industry figures continues as Pauline McCallion talks with with Michael Cosgrove, head of commodities and energy brokerage, North America at GFI
Full marks
Michel Marks, former chairman and board member of Nymex, tells Roderick Bruce about his role in taking the exchange from small potatoes to a cross-commodity powerhouse
Oil & gas sector stung by Obama budget proposals
Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports
UK chancellor warns bankers off a return to excess
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FSA announces final stage of internal operational reform
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Progress slow on standards for Islamic derivatives, AAOIFI chief warns
Concerns over the nature and use of derivatives are hindering the development of a standardised agreement for sharia-compliant contracts, said Mohamad Nedal Alchaar, secretary-general of the Accounting and Auditing Organisation for Islamic Financial…
New special resolution head at Bank of England
Andrew Bailey has been appointed head of the Bank of England's Special Resolution Unit.