Foreign exchange
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…
Dresdner hit by credit crisis, but BNP sails through
Dresdner Bank, the banking arm of the German insurance group Allianz, has seen a sharp drop in income in the wake of the summer's upheavals, but BNP Paribas has been able to avoid the worst of the damage.
Wachovia declares $1.1 billion writedown for October
Wachovia has announced $1.1 billion in writedowns for the month of October, as the bank’s holdings in collateralised debt obligations (CDOs) and mortgage-backed securities (MBS) continue to lose value.
Hedge funds start to police themselves
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Crowded trade increases turmoil again, say CROs
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CNE innovates in energy risk management
Constellation NewEnergy (CNE), a subsidiary of US utility Constellation Energy, has completed a successful trial of a new risk management programme for large industrial users.
S&P: Two years of problems ahead
The effects of the credit crisis could last up to two years, according to analysts at rating agency Standard & Poor's.
US internal audit focus moving off Sox, says survey
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Ursa Bank steps up Basel prep
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Linked global carbon market could be worth €800 billion
A linked global carbon market between six major regions could be worth €600–800 billion, European Energy Exchange (EEX) chief operating officer Maik Neubauer said today at a press conference
ING and SG avoid worst of subprime crisis
ING Bank and Société Générale have avoided the full effects of the subprime crisis that has led to multi-billion-dollar writedowns for other US and European banks.
Risk USA: Crowded trade increases turmoil again, say CROs
Chief risk officers from four major financial institutions argued that the distress in the financial markets has been partly caused by the concentration of money chasing too few trading ideas, when speaking on a panel at this year’s annual Risk USA…
FDIC approves Basel II
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FSA calls for renewed energy to deliver TCF
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Risk USA: Rate cuts do not “bail out Wall St”
The Federal Reserve's recent policy decisions have been “designed to help Main Street and not to bail out Wall Street”, a senior Fed official has declared.
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
Risk USA: Hedge funds start to police themselves
Leading hedge funds are discussing two initiatives that aim to set new risk standards for the industry - one each from the US and Europe.
US Federal Reserve Board gives green light for Basel II
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