Insurance
Australia gives go ahead to LNG project
Australian federal environment minister Peter Garrett has granted approval for the Gorgan Project, one of the world's biggest liquefied natural gas (LNG) developments.
Opposition to US climate change legislation gathers pace
The American Petroleum Institute (API) has stepped up efforts to dissuade US Senators from passing cap-and-trade legislation in September.
RBS returns to market with NDFA after Keydata collapse
Royal Bank of Scotland (RBS) is launching back into the intermediary market with its new range of structured products after replacing its now insolvent administrator Keydata with NDFA.
Federal Reserve announces extension of Talf
The US Treasury and Federal Reserve confirmed on August 17 that the Term Asset-Backed Securities Loan Facility (Talf) will be extended from its scheduled finish at the end of this year to June 2010. Some market participants have taken the news as a sign…
US regulators told to expand stress-test programme
Daily news headlines
Dynegy announces further losses and asset sale
Wholesale power provider Dynegy has implemented a cost-cutting scheme and plans to sell nine power projects after announcing a $345 million second quarter net loss.
Survey reveals record £96bn deficit for FTSE 100 pension schemes
The financial crisis has plunged the pension schemes of the UK's 100 largest companies into a £96 billion deficit, according to a report by the London-based actuarial consultancy Lane Clark & Peacock (LCP).
MS hires ex-Quantum distribution head for structured products team
Morgan Stanley has appointed Neville Godley as vice president of its retail structured products distribution team in London. In his new role he will report to executive director, Marc Chamberlain.
TAQA to operate Brent system
TAQA Bratani, the UK arm of the Abu Dhabi National Energy Company (TAQA) is the new operator of the North Sea Brent System pipeline and facilities. TAQA acquired the assets from oil major Shell UK, which has owned and operated them since the mid 1970s.
AA for effort
Profile
On debt row
Feature
Primus restructures $1.2 billion of CDSs on monolines
New York-based credit derivatives product company (CDPC) Primus Financial Products has restructured $1.2 billion of credit derivatives protection the firm had written referencing a monoline insurer.
Bank of England to buy up commercial paper
The Bank of England yesterday announced its intention to buy asset-backed commercial paper from struggling UK companies in a continuing effort to increase the flow of credit, starting on Monday August 3.
Billions more deficit for PBGC after GM bankruptcy
The bankruptcy of General Motors has left the pension schemes of the company's bankrupt supplier Delphi in the hands of the US Pension Benefits Guaranty Corporation (PBGC) - adding an estimated $6.2 billion to the corporation's already massive deficit.
Cutting credit
Catastrophe Bonds
Double jeopardy
Accurately estimating longevity risk has been a thankless task for insurers, but questions are being raised that Solvency II's standard model could result in companies 'double counting' their capital requirements for this risk. Aaron Woolner Reports
End of the equity
Strategic Asset Allocation
Rise of the Replicants
Replicating Portfolios
Eastern promise
ALM
Striking the right balance
Strategic Asset Allocation
