Foreign exchange
CEIOPS conference focuses on Solvency II and Lamfalussy
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Interbank covered bond market shuts down
Market making in the interbank market in European covered bonds has been shut down for the rest of the week, to prevent spreads widening and volatility growing.
Italy’s fast track to Mifid
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Deutsche launches Asian currency-correlation indexes
Deutsche Bank has launched a set of indexes designed to capture returns generated by the apparent growing co-ordination of currency policy among Asian central banks. They are the first such indexes in the market.
Credit cards could be source of next debt shock
Economists believe the next big shock to the financial system might not come from the property market but from consumer credit debt.
Meteor kicks out Nikkei for latest Prima launch
Meteor Asset Management has booted out the Nikkei 225 for the fifth product in its Prima series. The Prima Growth Plan 5 is a six-year autocallable investment that will be linked to the Dow Jones Eurostoxx 50 and the FTSE 100.
IIF Insurance Committee set up
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Kroszner lauds Basel II bank reforms
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FSA cracks down on CFD use
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Amaranth Sues JPMorgan for $1billion
The fall out from the collapse of energy hedge fund Amaranth Advisors took another twist after the fund launched legal action against investment bank JPMorgan Chase.
Markit buys IIC and CDS IndexCo
London-based market data provider Markit is to expand by taking over the dealer-owned International Index Company (IIC), which produces the iTraxx credit indexes and the iBoxx bond indexes, and the dealer consortium CDS IndexCo, which produces the CDX…
HSBC takes $4.4 billion in write-downs on weak US credit
HSBC has reported a total of $4.4 billion in write-downs on its US consumer lending, mortgage and investment banking businesses.
EDF Trading and Chubu collaborate on coal
EDF Trading and Japanese utility Chubu Electric Power Company are to establish a new coal business, Chubu Energy Trading, based in Nagoya, Japan.
JP Morgan unveils new multi-commodity index
JP Morgan has launched a commodity curve index that references 33 commodities across various maturities.
FSA cracks down on CFD use
The UK Financial Services Authority (FSA) is seeking to tighten its disclosure rules on contracts for difference (CFDs), which it says could be used to "influence corporate governance".
CSI and BITS cut outsource risk
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Regulation and compliance biggest strategic risk, says Ernst & Young
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Bank of Communications extends links with Misys
Bank of Communications Hong Kong (Bocom) has extended its relationship with Misys to create a full STP service for the front, middle and back office to handle credit derivatives, fixed income and structured products.
BarCap aims swap indexes at LDI market
Barclays Capital has launched indexes of nominal and inflation swaps, aimed at pension managers following liability-driven investment (LDI) strategies.
JP Morgan launches commodity curve index
JP Morgan has launched its Commodity Curve Index (JPMCCI), a family of passive benchmark indices that are curve-neutral and diversified across a broad universe of commodities. The index captures investment opportunities across the futures curve while…