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The peril in which the entire US financial system now stands, with many banks and the GSEs fitting the category of “the walking dead’, is growing from week to week.

Claymore Securities is considering its first infrastructure exchange-traded fund for U.S investors. Christian Magoon, president, said the firm will watch an infrastructure ETF it launched last week in Canada to figure out whether a U.S. version is appropriate.

David Puth, the former head of FX and commodities at JPMorgan, has resurfaced after a near two-year hiatus from the banking industry in a senior role at State Street.

The CME has hired David Emerick to its FX team as associate director, EMEA FX sales, based in London. An internal memo says that Emerick will primarily focus on looking after bank trading desks. Emerick, who started this week and reports to Andy Durrant, was most recently a business development executive at Reuters in London.

There can be no ignoring the enormous potential that exists in Asia for FX businesses.

News of its demise as a player in FX appears to have been premature. Following on from a series of hires announced last week, Bank of America has just confirmed another raft of senior appointments in its FX business. Glenn Edelson joins from Bear Stearns as managing director and head of emerging markets sales in New York; Peter Hart joins in London from ABN Amro as a principal in FX sales; Joel Holmes joins the bank’s G10 spot desk in New York from Lehman Brothers; Vanessa Holtz-Clouard has left ABN Amro to join as principal and head of London options trading; Daniel Sigler, who comes from Bear Stearns as a principal and senior emerging markets trader, will look after the South African rand, Turkish lira, Argentine peso, Colombian peso and Peruvian sol books. Finally Simon Williams has joined the real money sales team in London from Bear Stearns.

Almost half ofinvestors in the U.K. expect to boost their exposure to the Gulf region in the next three years, according to research from Société Générale subsidiary Lyxor Asset Management. Furthermore, none of the respondents said they have no plans to commit to investments in the Gulf region.

A return to a healthy level of household indebtedness and savings by the middle of next year? Just about conceivable, but the new film, “IOUSA”, needs a big impact.

Exchange-traded fund sponsors will focus on the fixed-income space for a substantial number of launches in the near future.

Eaton Vance is considering a foray into exchange-traded funds. Matthew Witkos, head of distribution, said the firm is talking with consultants about the possibility of active and passive ETFs. He said an Eaton Vance offering would likely target high-net-worth investors by pursuing tax management or other strategies that the firm specializes in. Witkos said Eaton Vance already receives many requests from clients for offerings that invest in other firms’ ETFs, and he thinks it could be a natural next step to roll out proprietary offerings.

The increased focus on risk in the current climate means that settlement and operational risk has rapidly climbed up the agenda, arguably to an unprecedented level.

Nomura has finally got around to confirming the news that it has hired industry veteran Bernd Bröker as its head of emerging markets FX and global FX derivatives. The well-liked and respected Bröker, who will be based in London, was previously European head of FX and commodities, global head of FX derivatives and European co-head of emerging markets at Bear Stearns.