Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports
Commodity-linked structured and exchange traded products (ETPs) have suffered in the second quarter of 2009 as inflows into the investments have slowed, according to Barclays Capital.
Unauthorised trading in Brent futures contracts on June 30 by a staff member at oil broker PVM was not the main cause of a spike in oil prices, according to traders.
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The US Financial Industry Regulatory Authority (Finra) has launched an investigation into financial institutions' underwriting derivatives contracts used by US municipals to finance debt at lower costs.
A wave of downgrades to highly rated commercial mortgage-backed securities (CMBS) is threatening plans by the US Federal Reserve to rehabilitate the market for existing deals. But a recent trend towards restructuring the transactions could render the...
The freely-traded portion of the electricity market in Russia was increased from 30% to 50% on July 1. The rise is in line with the state's plans to achieve 100% free pricing by 2011 and sends a positive signal to the market that it will follow through...
Changes to the UK Financial Services Authority's (FSA) operational structure, prompted by failings in its supervision of Northern Rock, are due to be complete by October 1, the regulator said today.
Concerns over the nature and use of derivatives are hindering the development of a standardised agreement for sharia-compliant contracts, said Mohamad Nedal Alchaar, secretary-general of the Accounting and Auditing Organisation for Islamic Financial Institutions...
Modifications being made to Basel II are sufficient to tackle the flaws in the framework and "we are certainly not going in the direction of Basel III", according to the chair of the standards implementation group of the Basel Committee on Banking Supervision.
European Energy Exchange (EEX) will launch an intra-day auction on the German spot market for natural gas on July 15 2009.
Nordic Risk Rankings 2009