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September 2011

News The market for catastrophe bonds (« Cat bonds ») remains dynamic!

Over the 12 months, the market for Cat bonds - bonds issued by securitization structure to refinance insurance risks related to natural disaster - remains dynamic, both in terms of volume and performance...

September 2011

Strategy Swiss franc – aggressive intervention

By announcing that it would no longer tolerate the CHF stronger than 1.20 against the EUR and highlighting that in its opinion the CHF was still overvalued above 1.20, the SNB signalled that it was prepared to intervene in the FX market to sell CHF in unlimited (...)

September 2011

News BNP Paribas denies having trouble obtaining USD funding

BNP Paribas categorically denies the statements made by a certain anonymous BNP Paribas executive who states that the bank has a liquidity problem in dollars and is participating in the creation of a market in euros to solve the (...)

September 2011

People Moves Appointments at Société Générale Securities Services

Paloma Pedrola has been appointed International Manager for Custody and Trustee Services, Nathan Derhy and Murali Narasimhan have been appointed respectively Country Manager in Ireland and India. Jean-Louis Bernardo is the new Deputy Head of Securities Services and Head of (...)

September 2011

Opinion Equities are cheap . . . and rightfully so!

Corporate earnings have never been higher. Yet, sovereign bond yields have never been lower. Have markets overreacted? Are equities a bargain?

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