Deutsche unseats UBS for prime brokerage

According to Chris Hansen, global head of macro and clearing services at Deutsche Bank in London, consistency throughout the tough conditions of the financial crisis has been key. "We've been in this business since day one. We've always been consistent while driving innovation and that's what differentiates us. These have been tortuous markets for our clients, and we have helped them navigate through the stormy seas," he said.

Among the many danger spots to avoid has been the issue of

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Clients reward UBS for post-trade innovation

Post-trade innovation and development this year has been all about mitigating settlement risk in a market fraught with concerns about counterparty default. And UBS, winner of the award for best post-trade services, has led the way in providing new tools…

Ice joins forex central clearing debate

ATLANTA - Jeffrey Sprecher, chief executive at Atlanta-based IntercontinentalExchange (Ice) has become the first major exchange official to call into question the need for central clearing of foreign exchange derivatives trades.

Budenberg appointed UKFI CEO

LONDON - Former UBS banker Robin Budenberg has been appointed chief executive of UK Financial Investments, the body established to manage the UK government's investments in financial institutions including the Royal Bank of Scotland (RBS), Lloyds TSB and…

Concerns raised over CCPs

NEW YORK - Various attendees raised concerns about central clearing at Risk USA in New York - with JP Morgan's chief risk officer even pointing to it as a possible source of the next financial crisis.

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