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I received a fair amount of feedback about the article on the shenanigans surrounding the barrier event – or not as the case may be – in EUR/SEK on July 5. I also got a lot of requests asking me to send the story on. It’s available for everyone to read – all you need is a subscription to the Weekly FiX.

“Sounds like the rumour mill is at work”

As any FX dealer with a chalet in Verbier will tell you, you don’t always get best execution in FX. If you ever have to make a decent-sized FX transaction, chances are that one of the Robin Banks you have to deal with will not only rip off your arms and legs, but have your liver as well.

Including: Asia Pacific (ex Japan), European, US and Global Announced M&A

Systemic failure by the US financial system is tacitly admitted by the Fed “pilot scheme: on mortgage supervision, but is also apparent in the absence of market prices for CDOs.

Awards of Excellence

There should be a health warning: hedge funds can cause death. Peter Wuffli, UBS’s former chief executive was assassinated last week. A hedge fund may have contributed to his untimely departure.

Awards of Excellence

Awards of Excellence

Awards of Excellence

If Euromoney Awards for Excellence were handed out merely for size and influence, the award for best bank in Africa, like many things African, could be heading to China this year. It is impossible to ignore the impact of China’s Export-Import Bank on the continent. It has approved some $7 billion-worth of loans in the past three years, according to the Centre for Global Development, a Washington think-tank, and with no difficult strings attached such as concerns for human rights or good governance. China is fast becoming Africa’s most enthusiastic investor, pouring more than $20 billion into the continent and snapping up more than 10% of sub-Saharan Africa’s exports ($19.2 billion) in 2005, the last year for which figures are available. Other active Chinese financial institutions in Africa include the Agricultural Bank of China, the Bank of China, China Construction Bank and the China Development Bank. This activity increased in 2006 as China takes a quarter of all Angola’s oil exports. China’s influence on the region is so pervasive that the African Development Bank held its annual meeting in November last year in Beijing.

Options specialist SuperDerivatives has appointed Mark Wightman as its vice president of sales for Asia Pacific. Wightman joins the company from SunGard, where he was managing director of the trading and alternative investment solutions business in Asia Pacific. He will be based in Singapore.