Derivative

Capital Market Forum this Friday to look at diversification of BVB products, establishment of Central Counterparty

The prospect of the Bucharest Stock Exchange (BVB) to promote to emerging market status, the diversification of BVB products, the need for setting up the Central Counterparty and the stage of the Sovereign Investment Fund are among the main topics the second Capital Market Forum taking place this Friday in Bucharest will be looking at; the event is organized by the Financial Intelligence econom

Greece's Piraeus Bank appoints new board chairman

Piraeus Bank, Greece's largest lender, has appointed George Handjinicolaou as its new board chairman, it said on Tuesday.

Handjinicolaou, who is taking over immediately, was most recently deputy chief executive officer at the London-based International Swaps and Derivatives Association (ISDA), Piraeus said in a statement.

Bitcoin to be classed as a commodity in the US

Bitcoin, a virtual currency that allows users to exchange online credits for goods and services, will now be classed as a commodity in the U.S. along with gold and oil, according to the Commodity Futures Trading Commission (CFTC).

This decision follows a clampdown on unregistered firms which trade derivatives of the crypto-currency.

Greece must pay tranche for derivative on Friday

Payments on a swap originally arranged by Goldman Sachs Group Inc in 2001 are due on Friday, said a person familiar with the matter who asked not to be identified publicly.

The derivative, now held by the National Bank of Greece, masked the country?s growing debt, helping it meet European Union rules for entering the euro area.

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