HSBC
HSBC creates Asia-Pacific structured credit product head
Matthew Cannon, HSBC’s London-based head of structured credit marketing for Europe, the Middle East and Africa, has been appointed to a newly created role.
HSBC plans record-breaking SIV
HSBC has launched the largest ever structured investment vehicle (SIV) launch, with an initial portfolio of over $6 billion, called Asscher Finance.
LiquidityHub expecting launch in Q3
London-based electronic trading consortium LiquidityHub plans to start distributing the liquidity of 15 banks in interest rate swaps by the third quarter of this year.
Trading platforms strike deal with LiquidityHub
LiquidityHub, the London-based electronic trading consortium, has signed agreements to distribute its liquidity in the interest rate swap and US Treasury bond markets across the Reuters and Bloomberg trading platforms.
Overley joins HSBC as head of structured fund origination
Kurt Overley has joined HSBC in New York as global head of origination for structured fund products.
Eurex to launch UK equity futures
Frankfurt-based derivatives exchange Eurex plans to list 17 sterling-denominated single-stock futures in May.
Risk managers: rainbow warriors?
Corporate social responsibility is an oft-bandied term among big business, but frustratingly hard to define. Peter Madigan looks at the risk issues for banks and what risk and compliance executives need to know
Banks call for third way to implement Basel II
US banks want a third way for Basel II implementation
HSBC joins its peers in objections to US Basel II
HSBC North America Holdings voices its opposition to the Basel II proposal
HSBC trades first renminbi non-deliverable swaption
HSBC has traded the first ever option on a renminbi non-deliverable interest rate swap, the bank said in a statement.
HSBC appoints global head of exotics
HSBC Corporate, Investment Banking and Markets has appointed Laurent Boscherel to the newly created position of global head of exotics, within its global structured equity business.
Sharia forex hedges take off
The market for sharia-compliant foreign exchange hedges continues to grow, with Citigroup structuring the first cross-border sharia-compliant cross-currency profit rate swap worth $230 million.
HSBC and Babson close $502 million CDO
HSBC and Babson Capital, the Massachusetts-based asset managers, have closed a $502 million managed synthetic CDO.
Nine banks to build Mifid utility
Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.
CME names market-makers for renminbi futures
The Chicago Mercantile Exchange (CME) has named HSBC and Standard Chartered Bank (SCB) as the first market-makers for futures contracts on the Chinese renminbi (RMB) against the US dollar, euro and yen, which started trading on August 28.
First non-deliverable RMB rate swap traded
HSBC and Standard Chartered Bank have traded what they believe to be the first renminbi (RMB) non-deliverable interest rate swap transaction. The RMB100 million ($12.5 million) transaction has a three-year tenor and involves Standard Chartered paying a…
DGCX to launch Middle East's first currency futures
The Dubai Gold and Commodities Exchange (DGCX) is to launch currency futures in the coming months – the first such products to be made available in the Middle East. It plans to introduce futures contracts on euro/dollar, yen/dollar and sterling/dollar,…
HSBC promotes Brown to head of FX
HSBC has promoted Andrew Brown to global head of foreign exchange, a new position.
Fed gets a pasting over capital rules
WASHINGTON, DC – The new capital rules for non-Basel II banks in the US received a pasting in comments from firms and industry bodies posted on regulatory websites in late January.
Bank of America takes on HSBC metals group
Bank of America has recruited Peter Merritt to head a new metals trading team. Merritt, previously head of global metals at HSBC, will bring a team of metals traders and marketers with him from HSBC to Bank of America's New York office.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Australia sees 37% decline in forex OTC options, says Afma
Trading in over-the-counter foreign exchange options fell by more than a third over 12 months to the end-June this year, according to figures released by the Australian Financial Markets Association (Afma).
Risk and responsibility
A growing number of banks are producing sustainability reports detailing their environmental and socially responsible initiatives. Is this just slick PR or has sustainability become an important risk management consideration? Clive Davidson investigates