Foreign exchange
Sempra Energy to partner with Royal Bank of Scotland
Sempra Energy today announced that it will form a joint venture with the Royal Bank of Scotland (RBS) to significantly expand Sempra Energy’s commodity-marketing business.
No real cost savings from new AML guidelines, says PwC survey
Daily news headlines
Algorithmics rated top Basel II vendor
Algorithmics Capital Analytics, a technology company, is the leading provider of credit risk management technology for Basel II, according to a survey by research company Chartis.
Commission VP calls on EU and US to co-operate on financial rulemaking
Günter Verheugen, vice-president of the European Commission responsible for enterprise and industry, has said that “a structured, institutional dialogue between the European Parliament and the US Congress” should be set up to ensure commonality in…
Swiss and British bankers want principles-based code
High-profile members of two of the world’s most important banking communities have come out in favour of principles- rather than rules-based regulation.
Diamond derivatives draw concern after Antwerp talks
Worries have been raised in the diamond industry about plans aimed at creating a derivatives market in the gems, which were aired in Antwerp last week.
United Capital moves to halt investor exodus
United Capital Asset Management, the Florida-based fund manager, has suspended redemptions from four of its funds in reaction to a spike in redemption requests.
Regulators issue final subprime statement
Daily news headlines
JP Morgan gets Savary
Carole Savary has joined JP Morgan as an executive director and head of cross-asset Structured Investments Distributor Marketing (SIDM) for France, Belgium and Luxembourg.
CESR lists liquid shares
The Committee of European Securities Regulators (CESR) has published details of shares that qualify as liquid for the purposes of the Markets in Financial Instruments Directive (Mifid).
US Futures Exchange to list wind derivatives
The Chicago-based US Futures Exchange (USFE) will list futures contracts on average wind speeds within the next three months.
SGAM AI plans launch of S&P-linked sharia-compliant index funds
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
Swiss central bank chair rejects regulation of hedge funds
Daily news headlines
Australia aims for Basel II compliance with capital adequacy changes
The Australian Prudential Regulation Authority (APRA), which monitors the jurisdiction’s finance industry, has outlined its proposals for new capital adequacy rules.
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
SG CIB launches timer options
Société Générale Corporate and Investment Banking (SG CIB) has developed a new type of option that allows buyers to specify the level of volatility used to price the instrument. Timer calls are designed to give investors more flexibility and ensure they…
CAAM makes appointments in Italy
Crédit Agricole Asset Management (CAAM) has made appointments to its Italian subsidiary, CAAM SGR, to target both the retail market and the institutional investors market.
NY Fed promotes three to senior vice-president
The Federal Reserve Bank of New York has announced promotions for Richard Dzina, Kenneth Lamar and James McAndrews.
Swiss central bank chair rejects regulation of hedge funds
Jean-Pierre Roth, chairman of the Swiss National Bank, has said hedge funds do not threaten financial stability and that direct regulation would be difficult to justify.
Triple Point launches Commodity XL for Biofuels and Commodity XL Xchange
Triple Point Technology, a supplier of software platforms for the supply, trading, marketing and movement of commodities, has released Commodity XL for Biofuels. The platform is intended to address the rapidly escalating global market for renewable…
EDF Trading moves into biomass market
EDF Trading, the subsidiary of utility EDF responsible for wholesale market activity, has acquired biomass company Renewable Fuel Supply Limited (RFSL).
Synthetic considerations...
tete à tete: shorting
Enter the dragon, via Hong Kong
Chinese firms continue coming to market, but Hong Kong is where the value is best, writes Solomon Teague