Foreign exchange
Energy dominates Union address
President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
US regulators outline rules on structured finance
Five US regulatory organisations have issued a statement of principles on dealing with the risks involved in complex structured financial products.
Project Boat selects business and technology partners
Project Boat selects Cinnober Financial Technology as technology provider and Markit Group Limited as business partner.
Emerging market debt more 'manageable', according to IIF
New types of securities, particularly derivatives, have contributed to making emerging market debt more “manageable” than ever before, according to the Washington-based Institute of International Finance.
FSA warns Mifid could increase market abuse and announces new financial crime division
The UK Financial Services Authority warns that Mifid could make it more difficult to monitor market abuse.
Support grows for Feinstein-Carper bill
The US utility sector has thrown its support behind an aggressive cap-and-trade plan that specifically targets the greenhouse gas emissions of electric utilities.
TPI hires Dearie to expand OTC data feeds
British market data provider Tullett Prebon Information (TPI) has appointed Chris Dearie to the new role of head of global direct feeds.
Tradition launches FX desk in London
Swiss interdealer broker Tradition has launched a foreign exchange desk in London.
Emerging market debt more 'manageable', according to IIF
New types of securities, particularly derivatives, have contributed to making emerging market debt more “manageable” than ever before, according to the Washington-based Institute of International Finance.
Lehman buys Grange Securities
Lehman Brothers has bought Australian investment bank Grange Securities. Lehman says it will not disclose the terms of the deal although it is thought to be close to US$100 dollars.
UBS to trade derivatives in Mexico
UBS, the Swiss financial services provider, is to launch banking services in Mexico, after being granted a licence to operate in the country.
Canadian regulator expresses concern over PPN marketing
The Canadian Securities Administrators (CSA) – an umbrella organisation for Canada's provincial securities regulators – officially views principal protected notes (PPNs) linked to hedge funds as an “area of concern.” In fact “registrants selling PPNs may…
FSA chief to step down
John Tiner, chief executive of the Financial Services Authority (FSA), has announced he will be stepping down this year after six years at the regulator, more than three of them as chief executive.
OpenLink acquires IRM
OpenLink, a provider of cross-asset trading and risk management software solutions, has purchased IRM, an Austrian-based energy solution provider focused on energy asset optimisation and strategic planning.
APM gains first owner in western US
ACES Power Marketing (APM), a wholesale energy risk management and transaction execution service company, has gained its first owner in the western US, as it continues to expand its service base in California and the west.
US banks take their grievances to the White House
Citigroup, JP Morgan, Washington Mutual and Wachovia air their Basel II complaints to the National Economic Council.
Merrill Lynch wins Derivatives House of the Year
Merrill Lynch has won Risk magazine’s Derivatives House of the Year award for 2007. Meanwhile, this year’s Energy Derivatives House of the Year award goes to JP Morgan, which talks exclusively to Risk about its acquisition of Amaranth Advisors’ energy…
Blackstone to cover private equity out of Hong Kong
US private equity firm Blackstone Group is expanding its Hong Kong office to cover private equity as well as its existing fund-of-hedge-fund activities in Asia.