Feature
Bush calls for change to SOX implementation
SOX implementation is too expensive, says Bush.
CESR calls for evidence
The Committee of European Supervisors (CESR) has published a call for evidence on non-equities markets transparency.
Energy & Commodity Rankings
Energy : Leader of the pack Metals : UBS takes top metals spot
2007 rankings result tables
A full breakdown of the top dealers and brokers, category by category, including: oil, natural gas, electricity, coal, environment, research, structured products, agricultural products and metals
S&P buys Goldman Sachs Commodity Index
Standard & Poor's has acquired the Goldman Sachs Commodity Index (GSCI) as well as two equity indexes. The GSCI is widely considered the benchmark for commodity indexes and serves as the underlying for many structured products. It will be renamed the S&P…
DJ expands EU dividend index
Dow Jones has expanded its European Select Dividend Index Series to include the enlarged European Union (EU). The Dow Jones Stoxx EU Enlarged Select Dividend 15 Index is the first index that measures the performance of high-dividend yielding stocks in…
Goldman Sachs signs MOU with NCB
US investment bank Goldman Sachs has signed a memorandum of understanding (MOU) with the National Commercial Bank of Saudi Arabia (NCB) to pursue "a broad strategic relationship", according to documents obtained by SP Extra . NCB is a distributor of…
Deutsche Börse and BNP Paribas like luxury
French investment bank BNP Paribas and index provider Deutsche Börse have launched the World Luxury Index. The index is calculated by Deutsche Börse for BNP as a customised index.
A Ratings Quandary
The US Securities and Exchange Commission is set to hammer out several key provisions of the US Credit Rating Agency Reform Act, intended to increase transparency in the ratings industry. But some analysts are concerned the legislation could go too far.
With a bang or a fizzle?
With the deadline having passed for submitting Basel II risk model applications to national regulators, Europe's financial institutions should be well on their way to compliance. But the reality is that many are still struggling to implement the new…
CESR out with CPs on Mifid Best Execution and Transaction Reporting
CESR has published its long awaited guidance on Mifid best execution and transaction reporting.
Default and recovery correlations - a dynamic econometric approach
Integrating coherences between defaults and loss given default (LGD) is postulated by Basel II. If there is a positive correlation between the two, separate models for each lead to biased estimates for the LGD parameters, and the economic loss is…
Canada’s Connor, Clark & Lunn offers fund-linked notes
Canada’s Connor, Clark & Lunn Capital Markets (CC&L) has launched the CC&L Tax-Efficient Notes (TEN). The BMO CC&L Bond Deposit Notes Series 1, issued by Bank of Montreal, is the first offering of TEN and is linked to the CC&L Core Plus Bond Fund.
Amex lists Merrill Lynch notes
The American Stock Exchange (Amex) yesterday began trading Merrill Lynch’s Accelerated Return Notes Linked to S&P 500 Index.
FSA confirms Article 4 notifications
The FSA sends notification to European Commission for additional requirements for Mifid under Article 4.
FSA sets out priorities and budget for 2006/07
The Financial Services Authority sets out its priorities for the year ahead in its annual Business Plan.
Barclays looks East
Barclays has launched a new product linked to the performance of the Eastern European equity market. The five year deposit gains exposure to the market through the CECEEUR Index.
A View on 2007: By Interwoven’s Jos Stoop
What will 2007 hold for structured products? In the final part of our series of thoughts on the subject we invited Jos Stoop, general manager of financial services solutions, at US risk technology firm Interwoven, to provide his predicitions. Look out…
Europe bonds as futures derivatives mature
instruments - bond index futures
Feeling the liquidity pinch? Then move over to the Dark side
dark liquidity
Safeguarding buyout-investment IRR levels through operational change
financial engineering
Tops down as convertibles change gear?
Convertible arbitrage's comeback in 2006 was one of the year's hedge fund highlights. Those left standing after the cull of 2005 might now have some room to breathe, but what is in the air, and which way is it blowing?