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LIBOR Revisited

Do you know? When LIBOR was born? Minos Zombanakis, born 88 years ago on a Greek island, remembers well the birth of the interest rate benchmark. “I was, more or less, if you excuse the lack of modesty, the one who started the whole thing,”...

Next Level for Trade Repositories – Part II

QUANT MEASURES Size refers to the scale of activity (eg volumes) or positions (eg outstanding notional or mark-to-market amounts) in a defined population. Financial institutions with large notional or mark-to-market amounts or volumes may pose...

Hedge Fund Industry – a stock taking

Internationally many regulations impacting operations of Hedge Fund industry cover the following major areas –          Advertising –          Broker Dealer Issues –          Principal Underwriter...

BPO opportunities in investment banking

Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. Originally, this was associated...

Pay and Bonus – Investment banking and evolving regulations

These times are very difficult times for our investment banks. The markets are not moving and most of the time they are hostile. There is no growth in major economies and they make these dull markets. Making money in such markets is very difficult. The...

Hedge Funds Demystified

What are Hedge Funds? Investment pools, mainly for rich individuals and large institutions that can take risks as they play both sides of various stock, bond, or currency markets. Loosely regulated private pools of investment capital that can...

The business of prime broking – an overview of opportunities

To understand better the business of prime broking, there is a felt need to understand the business of hedge funds first, as prime brokers are in their business only because of these hedge funds! According to Goldman Sachs & Co, the term...