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The FSA took a couple of years but the UK regulator has finally accepted the concept of covered bonds; the Netherlands will be next.

Rio de Janeiro now offers a developing market alternative to Chicago.

Government rumoured to be planning new bond deal although holdouts issue remains unresolved.

Hedge fund managers are increasingly shopping around and using more than one prime broker at the same time.

Latin America’s development bank has to change tack as countries in the region rely less on dollar funding.

Barclays believes there’s plenty of room for growth, helped by streaming prices on its own trading platform.

Société Générale Corporate & Investment Banking has appointed Serge Topolanski as its deputy head of Europe and Asia global foreign exchange activities. Topolanski, who is based in Paris, will supervise the global foreign exchange French team and the overall FX options business. He reports to Lars Hakanson, head of global foreign exchange activities, Europe and Asia.

Regulators outnumbered the regulated at a meeting at the Federal Reserve Bank of New York on February 16. Representatives of 15 bank and securities regulators and exchanges were relieved to hear that the world’s 14 largest credit derivatives dealers had fulfilled their promise, made last October, to cut by 30% the number of credit derivatives trades remaining unconfirmed for 30 days or more by January 31 2006. The backlog, which arose from high-velocity trading and assignment by hedge funds in a market with underdeveloped systems for initial confirmation of trade details, had sparked widespread alarm across the industry. More good news: electronic confirmation has risen to 62% of trade volume, from 46% in September 2005.

The rapid influx of new managers to the CDO market is a staffing headache for established players.

It’s the time of the year, with the bonus season over, when people moves are back in swing. So far, several have caused a bit of a stir.

The UK government’s commitment to imminent PFI transactions appears to be wavering. Have critics of the funding strategy won the argument?

“Probably a good idea” was how a leading market participant described the news that the International Capital Market Association (Icma), the International Swaps and Derivatives Association (Isda) and The Bond Market Association (TBMA) have formed a Global Capital Markets Board (GCMB).