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Special Report - Volatility products
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HK SFC puts structured product approvals under the microscope
Regulator conducts review of sales practices after minibond fiasco
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Weathering the storm
Risk Australia 2008
FSA sets up insurance crisis team
Daily news headlines
Government stakes in banks raise counterparty conundrum
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Ceiops: risk-oriented approach to Solvency II needed
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Risk USA: Call to link risk manager compensation to performance
The compensation structure for risk managers should be revamped as part of wider changes to risk management processes in light of the credit crunch, delegates at Risk USA in New York were told yesterday.
Government stakes in banks raise counterparty conundrum
The collapse of Lehman Brothers in September has put greater focus on the issue of counterparty credit risk. But dealers admit to being stumped as to how the taking of equity stakes in major banks by governments across the globe will play out.
Daiwa expands its derivatives division
Daiwa Securities SMBC, the Japanese investment bank, has made several additions to its global derivatives team.
MF Global head steps down after Lehman losses
Kevin Davis, chief executive of US broker MF Global, has resigned as the company prepares to report unexpectedly high losses from the collapse of Lehman Brothers last month.
JP Morgan hires Asia structured product marketing head
JP Morgan has relocated David Hansson to Hong Kong as head of structured investments distributor marketing (SIDM) for Asia ex-Japan and Australia.
RBS appoints head of covered bond trading
Royal Bank of Scotland (RBS) has named Allen Rad as head of covered bond trading.
Nomura names equity heads for Asia and Europe
Japanese bank Nomura has named new heads of equity for Asia and Europe, who will take up their posts on November 1, as it continues to integrate the former Asian and European operations of Lehman Brothers which it acquired in September.
Increased regulation for hedge funds on the way, says FSA’s Sants
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Treasury names interim CIO for Tarp
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ING’s CFO departs after it received €10 billion from Dutch government
John Hele, chief financial officer of financial services group ING, will leave the firm following the company’s agreement on October 19 to receive a €10 billion capital injection from the Dutch government.
Lake joins RBS as a UK derivatives sales head
David Lake has joined Royal Bank of Scotland as head of equity derivatives and structured products sales UK and Ireland.
ANZ appoints Asia-Pacific CRO
Australia and New Zealand Banking Group (ANZ) have appointed Nigel Denby to the role of chief risk officer, Asia Pacific.
Semonin leaves BNP to set up hedge fund
Lionel Semonin, global head of commodity investor derivatives at BNP Paribas in London, has left the bank to set up a commodity hedge fund in Singapore.
US Treasury changes course on Tarp CIO
The US Treasury yesterday unveiled James Lambright as interim chief investment officer for the Troubled Asset Relief Program (Tarp), after changing its original decision to appoint undersecretary Reuben Jeffery.
Ambac appoints new CEO
David Wallis has been promoted to chief executive officer of Ambac Financial Group, the holding company of monoline insurer Ambac Assurance.