-
The International Swaps and Derivatives Association has published a change to the master agreement to deal with the impending 30% U.S. withholding tax on equity derivatives.
-
Daniel Palmer, the ex-head of global capital markets at HSBC in London and formerly co-head of global capital markets for Asia Pacific at Morgan Stanley, has rejoined the latter firm today in a new role based in London.
-
Institutional investor appetite in light exotics such as worst-of and best-of baskets has picked up in recent weeks, according to P.J. Andersson, global head of pan-Asian equity derivative and convertible sales at Citigroup in Hong Kong.
-
ING Bank has launched five-year, worst-of memory coupon notes that offer a potential 46% return depending on the performance of three underlying indices.
-
Bank of America Merrill Lynch has begun marketing six-year so-called variable coupon notes.
-
The planned retirement of Financial Accounting Standards Board Chairman Robert Herz has thrown proposed changes to derivatives accounting into question, as the exposure draft only passed the board by a 3-2 vote, with Herz in favor.
-
UBS is looking to pitch structured equity derivatives in Asia ex-Japan, a new push for the firm.
-
Structured products sales in Taiwan, through private banking channels, are picking up well from a practical standstill in the second half of 2009, market observers are saying.
-
A coalition of industry groups, including the Association for Financial Markets in Europe and the International Swaps and Derivatives Association, has expressed concerns about a single reporting regime for both transaction and position reporting on over-the-counter derivatives based on reporting through trade repositories.
-
Gary Suen, Deutsche Bank’s head of Asia warrants business, has left the firm in the last week, an official said.