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--Stan August, managing director and bank and insurance analyst at Banc of America Securities, on his hesitancy to recommend the bonds of American International Group to investors.

Remarks by Mr Bandid Nijathaworn, Deputy Governor of the Bank of Thailand

IMF working paper

Bear Stearns last week started structuring equity derivatives in Hong Kong just weeks after putting a team and systems in place.

PanEuroLife, a Belgian insurance company, is offering investors an equity investment product which provides both income and growth.

Credit Suisse First Boston has reeled in Hiroshi Kobayashi, v.p. and exotic rates trader at Goldman Sachs in Tokyo, as a director in the interest rate trading group.

Stephen Lazarus, managing director and head of the structured solutions group at Deutsche Bank, has left the firm.

Over 20 years since the first official over-the-counter derivative trade went public between IBM and the World Bank, the divide between the OTC and exchange-traded derivatives industries is as wide as ever.

A group of former relative value proprietary traders from Goldman Sachs have launched their own fund with USD150 million.

The first emissions swaps have been traded in the U.S., which participants view as the beginnings of a financially settled over-the-counter market.

BNP Paribas and SG Corporate & Investment Banking have started more actively pitching derivatives to Korea customers, according to rival bankers.