• Thu
  • Jul 31, 2014
  • Updated: 11:40pm

Derivatives

Hit by penny stock scandal, SGX tries to diversify into derivatives

Singapore Exchange, set to report its weakest profit in more than a year after a penny stock scandal hammered trading volumes, is placing a big bet on an increasingly crowded derivatives market.

Thursday, 23 January, 2014, 9:30am

Banks in Asia profiting from derivative plays that put financial system at risk

Investment banks in Asia are taking advantage of a regulatory grey area to reap big returns from rising sales of equity derivatives, increasing the systematic risks to the financial system that regulators are trying to eradicate.

22 Nov 2013 - 2:24pm 1 comment

Index launch of exchanges' joint venture clears way for derivatives

A joint venture of Hong Kong, Shanghai and Shenzhen stock exchanges will launch two new indices today and will this month allow the first batch of financial companies to use the indices for launching derivative products.

18 Mar 2013 - 2:17am

UK banks face big bills for mis-selling derivatives to small businesses

The Financial Services Authority said it found serious failings in reviews of products sold by HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking. The FSA looked at 173 sales to "non-sophisticated" customers and found that more than 90 per cent did not comply with the rules.

1 Feb 2013 - 5:23am

World’s oldest bank hit by scandal amid state rescue bid

A derivatives scandal engulfing Italy’s Banca Monte dei Paschi di Siena (BMPS) has shaken the Italian finance sector and cast a shadow over the government’s efforts to save the world’s oldest bank.

24 Jan 2013 - 12:29pm

Major banks convicted in Milan fraud case

Deutsche Bank, JP Morgan Chase, UBS and Depfa Bank have been convicted by a judge in Milan for their role in overseeing fraud by their bankers in the sale of derivatives to the city.

Judge Oscar Magi yesterday ordered that about €90 million (HK$926 million) of assets be seized from the banks and that the firms pay sanctions of €1 million each. He also convicted nine bankers of fraud.

20 Dec 2012 - 3:19am

HKEx earnings crash21pc in tough quarter

Hong Kong Exchanges and Clearing (HKEx), the operator of the city's stock and futures markets, expects a challenging time ahead after reporting a worse-than-expected 21 per cent profit drop in the second quarter.

15 Aug 2012 - 11:15pm

Goodbaby shows mastery of risky derivatives is in its infancy

Goodbaby International, a maker of strollers and other children's products, issued a warning last week that its first-half profit would be hit by foreign-exchange losses associated with currency derivatives.

The company noted that in last year's first half it had booked a gain on its bets on how the yuan would move against the US dollar.

20 Jul 2012 - 12:00am

Failure is not an option

'I locked in a profit of US$1,100 in one day during the training! Thank you Mirriam - the True Guru of Financial Freedom!' - Shamsheer Ahmed, Singapore

16 Jul 2012 - 12:00am

New licences to curb OTC risks

The Securities and Futures Commission (SFC) will introduce two new licences next year to regulate investment banks conducting over-the-counter (OTC) trading and clearing as part of a global effort to curb risk and bolster transparency.

The reform will require a change in the law submitted to Legislative Council by the end of this year.

12 Jul 2012 - 12:00am

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