HSBC
Yellen nominated for Federal Reserve chair, and other recent job moves
Changing hats – November 2013
Cooke joins HSBC as global head of operational risk
Moves from Barclays Wealth where he was CRO
Banks to pay £400m in fees to ombudsman over PPI complaints
£900 fee per PPI claim handled has seen banks rack up millions in charges
PRA losing key op risk staff after just six months
Senior op risk staff set to move into private sector
Equity derivatives house of the year: HSBC
Equity derivatives house of the year
Easing of documentary requirements increases onshore renminbi hedging
Easing of documentary requirements increases onshore renminbi hedging
Expectation of US rates rise moves USD/CNH currency basis
Exit of "tourist money" from Asia provides more attractive funding options for firms swapping CNH into USD
Indian regulators clamp down on forex futures markets to dampen rupee volatility
Measures to reduce Indian currency volatility may prove a short-term boost to domestic OTC markets
Indian corporates count forex losses from rupee depreciation
Living on the hedge
People: Regan quits Asia CRO role at JP Morgan
US bank loses new regional CRO after just three months; HSBC unifies inflation trading business under Mirfendereski; Min Park replaced at Credit Suisse; forex hires at Bank of Montreal
HSBC preps international prime finance service
HSBC's plans to establish a global prime services platform will culminate with the launch of a full international prime finance service for US hedge funds in 2014
CNH Hibor fixing to spur interest rate swap market
Launch of the CNH Hibor to lead to an increase in CNH loans and hedging instruments such as floating rate notes and interest rate swaps
Renminbi may never be fully liberalised, says GSAM’s O’Neill
As China relaxes controls on its currency, the yuan is set to become more widely used. However, government control is likely to be maintained. Full convertibility may never happen, says Jim O’Neill
Isda AGM: CCP ‘Armageddon’ could lead to sovereign default, warns HSBC exec
Single bank default could affect multiple CCPs, leading to crippling default contribution for existing members and a chain of bank failures
Institutions overtake retail structured product investors as dominant source of Japan equity option flow
The recent rise in Japan’s equity markets have seen macro hedge funds and asset managers overtake the retail structured product investors as the dominant source of flow on Nikkei and Topix options
HSBC note offers US investors double-digit returns from global equities
Correlation temptation
OpRisk North America: Disconnect between op risk and compliance functions damaging business efficiency
Business units in banks are being asked the same question too many times, op risk heads warn
Top 50 Global Custody Mandates Survey 2013
BNP Paribas leads the way in global mandate survey
AML and framework change at Nordea
Anders Meinert Jørgensen, head of group operational risk at Nordea, talks AML awareness and pace of framework change at the bank
