All articles by Verdict Staff
Verdict Staff
NYU Sterns professors warn that European stress test risk measures are flawed
On the release of the US Fed’s latest bank stress tests, NYU Stern School of Business Nobel Laureate Robert Engle and Professor of finance Viral Acharya warn that European regulators’ stress tests miscalculate the amount of systemic risk banks will contribute to the global financial system in the event of a future financial crisis.
Former IMF chief to raise US$2 billion for hedge fund
Dominique Strauss-Kahn, the former chief of International Monetary Fund (IMF), seeks to raise US$2 billion for LSK & Partners’ macro hedge fund – DSK Global Investment Fund.
Law firm Baker & McKenzie former RPC regulatory head in London
American law firm Baker & McKenzie has hired former RPC regulatory head Steven Francis to expand its financial services and regulatory capability in London.
ANZ granted licence for direct NZD-CNY trading
ANZ has announced The People’s Bank of China has approved its licence to act as a market maker for NZD-CNY direct trading on the China Foreign Exchange Trading System, following an agreement between the New Zealand and Chinese Governments to allow banks to directly trade the two currencies.
Vontobel Asset Management announces new executive appointments
Vontobel Asset Management has announced the promotion of Rajiv Jain, a 20-year veteran of Vontobel Asset Management, New York (VAMUS), and the addition of Philipp Hensler, former CEO of Oppenheimer Funds Distributors to the VAMUS team.
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Ipes signs strategic partnership agreement with Standish
Ipes, a Guernsey-based fund administration and outsourcing services provider, has signed an international partnership agreement with Standish, a US-based fund services provider.
Maples Fund Services launches regulatory reporting service for AIFMD
Maples Fund Services, a unit of MaplesFS, has expanded its regulatory reporting service to include Annex IV reporting for AIFMD.
La Française names new Asia sales head
Global investment solutions provider La Française has appointed Guillaume Dhamelincourt as its sales head for Asia.
Cetera Financial launches DataPak service for banks
Cetera Financial Institutions has launched its consolidated DataPak service offering, which enables closer integration between an institutions’ core operations and their wealth management service offerings through seamless and consistent delivery of customized brokerage data feeds.
Deutsche Bank to slash additional 500 investment banking jobs
Deutsche Bank is planning to slash another 500 investment banking jobs in the next few months to bring down operational costs as business stagnates.