News/Risk management/Exchanges
Industry sets template for loan modifications
A framework sponsored by the US administration to soften the impact of subprime resets provides comfort for servicers and clarity for investors
LCH.Clearnet and Nodal Exchange to launch new trading and clearing service
LCH.Clearnet, the independent clearing house for power clearing, and Nodal Exchange, the first marketplace to use a locational nodal market for forward power trading, have signed an agreement to provide a trading and clearing service for cash settled…
CSI and BITS cut outsource risk
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Hedge funds start to police themselves
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CESR unveils new Mifid technology
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Lehman Brothers signs up to Boat
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LSE launches last-minute defence before Mifid launch
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Banks devise 'super conduit' in bid to save Sivs market
Can rescue fund M-Lec bring much-needed liquidity, or is it a temporary measure destined to fail?
Mixed reception to oversight efforts
Attempts by the US Senate to grant the CFTC greater market oversight have met with a mixed response, writes David Watkins
Global firms face increased pressure to address potential risks
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Mifid is new compliance priority, says report
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Wait and see attitude prevails for Mifid firms
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Movie Gallery in credit event auction
Troubled US video store chain Movie Gallery has seen the price of its loan derivatives fixed at 91.5% following a credit event auction.