Free content

David Herzberg, the former global head of equity derivatives at JPMorgan, joined BTG Pactual as managing partner and head of international equity trading in London.

In early spring 2011, UBS managers in New York put together an analysis on the regulatory impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on credit default swap trading. Later that spring, Paul Hamill, now a managing director of matched principal trading in New York, gave a presentation on what would eventually become the firm’s Price Improvement Network-Fixed Income. That platform is why the editors of Derivatives Week/Derivatives Intelligence have awarded UBS the 2012 Electronic Trading Platform Of The Year Award.

The extended results from ASIAMONEY's 2012 Private Banking Poll, including category results for each country in the region.

Analysts have been quick to hit out at Spain's bank stress test results last week, telling anyone who will listen that the 6% core tier one target under the stressed scenario will not give confidence. But the market should remember how far it has come on capital.

As bank ratings sink ever lower, profits from lending are getting harder and harder to achieve. Only a reduction in the number of lenders participating in the sector can bring about real change.

China’s decision to allow mainland companies to borrow in foreign currencies at home and send those funds to their overseas subsidiaries is being seen by some bankers as a threat to international loan volumes. But in the long run, the move could be just the opposite.

— Christopher Childs, a fund manager at F&C Asset Management in London, on the current challenges in the European dividends market surrounding potential earnings and tax.

The European credit default swaps market was in a state of confusion as Eurozone ministers announced that the scheduled EUR12 billion tranche of aid to Greece would be withheld until the approval of austerity measures by the country’s parliament.

Appetite for risk, depth in global interest rates research and strength in developing bespoke structured and flow products in both emerging and developed markets were some of the plaudits from buysiders that set the Royal Bank of Scotland apart from competitors in the interest rates derivatives market over the last year. That helped the firm land the 2012 Interest Rate Derivatives House Of The Year award from the editors of Derivatives Week/Derivatives Intelligence.

The Swiss wealth manager was considered the best overall private bank for clients with a net worth of more than US$5 million and also recognised for its performance in local markets, in the region’s largest Private Banking Poll.

The uphill task facing G20 leaders was thrown into sharp relief this week as a brief market rally following the Greek election fizzled out

Despite long being lauded as one of the very few effective private sector solutions for wholesale mortgage funding, covered bonds are not quite so divorced from the state as they might seem. Strong implied state support is clear in the most longstanding regime — a pattern that is likely to be replicated in others.