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SEC lifts final barrier to single-stock futures trading
The final barrier to the trading of single-stock futures (SSFs) in the US was removed yesterday when the Securities and Exchange Commission (SEC) approved customer margin rules. Earlier this month, the SEC’s regulatory partner, the US Commodity Futures…
French securitisation ruling likely to be delayed further
The French banking regulator ruling to change the capital risk weighting system on securitisations continues to cause confusion, with market commentators stating that a final decision may be delayed until September.
UK details three-phase Basel II implementation plan
UK regulators said today they plan a three-phase implementation of the Basel II capital Accord and parallel European Union banking rules with a target date of December 31, 2006.
LCH and x-clear to launch pan-European CCP next year
The London Clearing House (LCH) and Swiss central counterparty (CCP) x-clear are to launch a pan-European CCP structure in March 2003 for pan-European cross-border equity exchange virt-x.
ABN Amro continues credit derivatives expansion
ABN Amro has made Terri Duhon its London-based head of credit structuring and head of exotics trading, a newly created position. Duhon is the latest in a string of senior credit derivatives hires for the Dutch Bank in London, New York and Singapore.
DePfa implement complete Basel II compliant risk manager
DePfa Bank has completed the implementation of the Kamakura Risk Manager suite having purchased the license in late 2001. The system is the first to completely integrate credit risk, market risk, asset and liability risks and meets the needs of Basel II.
Enel waits on liberalisation
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TXU finds the right combination
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2002 system frontrunners
TECHNOLOGY
The software needs of the credit-wary
Technology
Upbeat Basel regulators will issue QIS3 guide next week
Global banking regulators said they plan to issue banks next week with an information package on a crucial survey that in October will seek information on how banks might be affected by the Basel II rules on bank protective capital.
Regulators say main Basle II issues agreed
Global banking regulators believe there are now no substantial issues remaining with the complex Basel II rules on bank capital following an agreement on key issues announced today.
TD Securities to upgrade derivatives trading and risk system
TD Securities, the wholesale banking arm of TD Bank Financial Group, has teamed up with NumeriX, a provider of exotic derivatives data and analysis, to upgrade its trading and risk management system.
MSCI launches hedge fund indexes
Morgan Stanley Capital International (MSCI), a provider of benchmark financial indexes, has launched a family of hedge fund indexes today following a two-and-a-half year development process. The new group includes more than 90 indexes calculated on a…
Japan Credit Market Update: Recent volatility subsides into summer lull
Japanese credit default swap spreads were slightly wider this week, but the US July 4 holiday and the beginning of the summer kept the market largely subdued following recent volatility, dealers said.
Trayport
Technology
Euroclear buys Crest in all-share deal
Euroclear plans to take over Crest Company in a €751 million all-share deal that will create one of Europe’s biggest securities settlement organisations.
KWI
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Weathering the storm
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Techno prisoners
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Pavilion Technologies
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SunGard Trading and Risk Systems
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Winfield Technology Corp
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