Foreign exchange
TradeWeb offers Canadian bonds to Europe
Thomson TradeWeb, the Jersey City-based fixed-income trading system, has made Canadian bonds available to European customers with Toronto-based network CanDeal.
IIB survey provides nation-specific comparison of Basel II implementation
Survey results show particular differences from different countries implementing the Revised Accord.
BIS paper offers insight into the IRB use test
Principles outlining the BIS’ expectations for firms using the use test have been set out by the BCBS.
Boom in derivatives IT spending to hit $5.75 billion by 2009
Boston-based financial services research and consultancy organisation TowerGroup estimates that global IT spending on derivatives will grow 18% annually over the next three years.
Thai CDS spreads blow out on military coup
A political crisis in Thailand has rattled Asian markets, causing spreads on credit default swaps (CDSs) on Thai sovereign bonds to blow out to over 50 basis points on Wednesday from 36bp a day earlier.
BarCap and Merrill Lynch expand derivatives research
Barclays Capital and Merrill Lynch have released new reports on derivatives strategies.
Basel II under hostile fire at FDIC conference
Basel II may be imperfect, expensive and a burden, but is the only solution available to the financial institutions, according to a number of speakers at the conference.
Congress “concerned” over US Basel II proposals
Congressmen state unease that Basel II may not effectively diminish operational risk in the financial industry.
BarCap launches Mexico bank and broker-dealer operations
Barclays Capital (BarCap) has started trading in local markets in Mexico, with the launch of a combined bank and broker-dealer, Grupo Financiero Barclays Mexico. Barclays has invested $100 million in the group so far.
Restrictive Basel II is a “regulatory tax”, says ABA
Conservative safeguards written into the NPR will prevent any benefits being realised, according to the leading trade association for banks in the US.
NY Fed’s Geithner emphasises systemic risk in derivatives markets
Speaking in Hong Kong, New York Fed president Timothy Geithner has called for better regulation of hedge funds and the derivatives market.
Highlights from the e-symposium
Yesterday’s e-symposium featured presentations from around the world on the state of Basel II implementation and outstanding issues. Following is a synopsis of what our speakers had to say.
Crosstex Energy selects Quorum NGL marketing software
Crosstex Energy, a Dallas-based midstream natural gas company, has selected Quorum Liquids Marketing software from Quorum Business Solutions. The software will manage Crosstex’ commercial natural gas liquids (NGL) marketing activities.