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CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
Japanese firm plucks banker from UBS
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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Moody’s Investors Service has changed its outlook for broker-dealer ICAP from stable to negative over concerns that the Volcker Rule, currently set to go into effect in July, will likely have a negative impact on its broking volume and raise its capital requirements on trading assets.
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Annual bonuses for investment bankers in India have plunged roughly 40% this year, but headhunters and bankers say stock options and shorter deferral periods for bonuses are a plus in terms of retaining and attracting talent.
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Morgan Stanley has placed William Bryan Jennings, its co-head of fixed income capital markets, on leave after he was arrested and charged with a hate crime involving an alleged stabbing of taxi driver of Middle Eastern descent in December.
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Piper Jaffray is said to be considering a sale of its Asia investment-banking operations after launching it in 2006 but failing to gain significant market share.
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—Peter Sime, head of risk and research at the International Swaps and Derivatives Association, explaining that a Basel III regulation should reflect that firms use CVA in different ways.
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The Reserve Bank of India issued strict guidelines for the creation of an onshore credit default swap market. The guidelines imposed high capital requirements, restrictions on which firms can trade swaps, and limited CDS to plain-vanilla corporate bonds. [Foreign multinational investment banks in India have since been sitting on the sidelines in the new credit default swap market. They’re not willing to take on the cost of collateralizing the deals and so aren’t targeting the market in any way (DI, 2/29).]