Commentary

Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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Amid changes in builder, do you think the CAT project will be completed by 2020?




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May 25, 2007

Vogel's New Role

By Peter Chapman

Grace Vogel, responsible for member firm regulation at NYSE Regulation, will head up risk oversight and operational regulation at the new self-regulatory organization being created by the merger of NASD and NYSE Regulation. The department of risk oversight and operational regulation is half of the new entity's member regulation group. The other half, the department of sales practice regulation, will be headed by current NASD executive Robert Errico. The two will jointly run member regulation.

Vogel's new beat involves sending examiners into member brokerage houses on a periodic basis to check up on their compliance with industry rules. Audits cover trading departments, among others.

At NYSE Regulation, Vogel's responsibilities cover about 350 firms. In the new SRO, she will add about 4,700 more. The as-yet-unnamed SRO is expected to come into existence this quarter.