People & Markets

  • Barclays, Deutsche dodge losses thanks to risk transfer market but investors tighten terms

    Barclays, Deutsche dodge losses thanks to risk transfer market but investors tighten terms

    The synthetic risk transfer market helped some of Europe’s biggest banks dodge loan losses last year, with Barclays saving more than £300m and Deutsche at least €150m. But the backdrop last year led to investors taking a tougher line on writing new credit protection, steering clear of pools with limited disclosure and hoping to dodge the most damaged sectors.

  • Ex-Mizuho risk transfer banker lands at Munich Re

    Ex-Mizuho risk transfer banker lands at Munich Re

    Juan-Carlos Martorell, who jointly ran the risk transfer and structured solutions group at Mizuho, and before that, Lazard, has joined Munich Re Markets to work on origination, structuring and risk distribution, according to LinkedIn.

  • Trading equivalence judgments uncertain

    Trading equivalence judgments uncertain

    The lack of clarity over whether the UK and the EU will clinch a trade deal before the end of the year also makes it harder for those in financial markets to know whether equivalence decisions will be granted for the trading obligations for derivatives (DTO) and shares (STO).

  • People moves in brief

    People moves in brief

    MSCI picks up Nick Mihic — Algomi co-founder Stuart Taylor joins MUFG — Vinod Vasan changes roles at UBS

  • ESMA: no change to derivs trading rule

    ESMA: no change to derivs trading rule

    As market participants prepare for the end of the Brexit transition period on December 31, the European Securities and Markets Authority has said it will not change requirements on where derivatives can be traded, even though this could cause problems for UK branches of EU investment firms.

  • Gold bugs boosted banks' precious metals desks

    Gold bugs boosted banks' precious metals desks

    As investors sought gold and silver as a hedge against inflation and uncertainty, investment banks with the capabilities to act in these markets benefitted. Some made more than $100m in precious metals in the third quarter, according to Coalition Greenwich.

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