Citi
BNP Paribas hires head of forex sales
BNP Paribas has hired Clive Banks as head of foreign exchange sales for its European corporate group (ECG).
Barclays Capital continues to build equity derivatives unit
Barclays Capital has continued the expansion of its equity derivatives department with the appointments of Ed Ware, Javier Martin and Tetsuo Majima.
Knocking down barriers
A new reinsurance directive passed by the European parliament in early June will eradicate the collateral requirements demanded by European supervisors. With a unified framework agreed for Europe, politicians are now turning their sights on the US. By…
JP Morgan bolsters derivatives marketing business
JP Morgan has hired four derivatives marketers for its streamlined derivatives marketing unit, including two managing directors from Deutsche Bank. They are the first significant appointments by the US investment bank since a steady stream of senior…
One billion oil securities to be traded in London
Oil Securities is preparing to issue up to a billion debt securities, based on Brent and West Texas Intermediate prices, on the London stock exchange next week.
Ex-Citigroup prime broker sets up capital introduction firm
Paul Radley, formerly European head of Citigroup’s prime brokerage capital introduction team, has gone independent, establishing his own capital introduction firm, Radley Capital Investments.
FSA director Huey Evans quits to head hedge fund unit
Gay Huey Evans, currently the Financial Services Authority’s (FSA) director of markets, is to leave the UK regulator to join hedge fund manager Tribeca Global Management, on September 1.
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.
Drop in volatility prompts move to exotics
The drop in equity implied volatility levels is making it harder to offer yield enhancement products, says Harold Kim, Hong Kong-based Citigroup managing director, speaking at a structured products forum in the Special Administrative Region.
Citigroup reorganises equity derivatives unit
Citigroup has promoted Richard Burns to global head of structured and retail equity derivatives.
Sponsor's article > Counterparty risk – the next generation
Discussions continue on allowing the use of simulation-based estimation methods for counterparty credit exposure under Basel II. In the meantime, however, industry practice has continued to advance. David Rowe argues we should at least move regulatory…
Citibank cut out
The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the…
Nomura makes Hong Kong derivatives appointment
Nomura International has hired Alan Mak as head of structuring and marketing for Asia-Pacific derivatives.
Citigroup to rebuild after major credit derivatives defections
Barclays Capital has poached eight New York-based credit derivatives traders from Citigroup, including Doug Warren, a managing director, as well as Jonathan Koerner and Gregory Tell, both directors.
Lehman to offer onshore forex derivatives in South Korea
Lehman Brothers has transferred JS Kim, a senior vice-president in fixed income, from Tokyo to Seoul, in preparation for the launch of its onshore forex and interest rate derivatives business in the country, reports Risk’s sister publication, FX Week .
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.
Smothered by red tape
In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.
Smothered by red tape
In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.
Smothered by red tape
In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.
ABN Amro wins China derivatives licence
ABN Amro last week joined the elite group of foreign banks authorised to trade foreign exchange derivatives in China after winning a licence from regulator the China Banking Regulatory Commission, reports RiskNews’ sister publication, FX Week .
Chinese regulator extends derivatives transition period
The China Banking Regulatory Commission (CBRC) has extended the transition period for its new derivatives licensing regime, giving banks an extra three months to get licences in place that will allow them to trade derivatives onshore.
Citigroup gets new credit derivatives trading system
Citigroup has gone live with technology company Calypso’s front-office credit derivatives trading system.
First Irish covered mortgage bonds set to debut
Bank of Ireland's mortgage banking unit is readying the country’s first issuance of covered bonds backed by a pool of residential mortgages. The €2 billion issue, which will be triple-A rated, is set to be priced within the next month. Barclays Capital,…
CSFB gets OK for derivatives in China
The China Banking Regulatory Commission (CBRC) authorised Credit Suisse First Boston (CSFB) to launch a financial derivatives business in China last week, reports RiskNews’ sister publication, FX Week .