News/Risk management/Central banks
Bank of England will swap gilts for RMBS
The Bank of England will step in to improve the balance sheets of UK banks by allowing them to swap illiquid mortgage-backed securities for treasury bills.
Banks pack ailing debt into PDCF collateral
Investment banks could be getting rid of unsaleable high-risk loans by using them as collateral to borrow funds from the Federal Reserve through the primary dealer credit facility (PDCF).
MBS capital charges coming soon in Basel II shake-up
Basel II capital requirements on structured credit products are to be raised as part of a wide-ranging review of risk management practices for financial institutions in G-7 nations, the Financial Stability Forum (FSF) has announced.
Wellink defends Basel II
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Banks vow to improve transparency
The Institute of International Finance (IIF), a banking industry trade group, has promised to improve transparency about risk exposure and executive pay in the wake of the credit crisis.
Demand grows for business continuity in LatAm
REGULATORY NEWS
Basel Committee releases liquidity risk report
REGULATORY NEWS
Stay of execution
CLEARING & SETTLEMENT
US reforms mean more bailouts and centralised power
Plans to reform US financial services oversight will open the way for more bailouts of financial companies and more centralised regulation.
Bank of Russia and ECB announce joint banking supervision initiative
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World Bank group launches Cat DDO
The International Bank for Reconstruction and Development (IBRD), part of the World Bank, has announced a new loan facility designed to provide emergency finance for middle-income countries suffering natural catastrophes.
Making apples from pears
REGULATORY NEWS
Fed proposes changes to PSR policy
Daily news headlines
Oil reaches new record as gas continues to rise
Crude oil futures closed at a record $102.59 on the New York Mercantile Exchange (Nymex) Thursday.
Middle East should be cautious, urges Bahrain regulator
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