Foreign exchange
$700bn Tarp might only take equity in healthy banks, hints US Treasury
As well as buying up mortgage-backed securities, the US Treasury’s $700 billion rescue facility - the Troubled Asset Relief Programme (Tarp) will be used to buy equity in a variety of financial institutions. However, Tarp will be "designed with…
Australasian governments offer aid to banks
The Australian and New Zealand governments have unveiled new initiatives to boost confidence in funding markets.
FSF releases update on April recommendations
The Financial Stability Forum (FSF) – - on October 10 released a follow-up to its April white paper, Enhancing Market and Institutional Resilience.
European governments promise loan guarantees and bank restructuring
After an emergency summit in Paris at the weekend, leaders of the eurozone countries have decided on a new bailout package for their struggling banks.
Eurozone governments unveil details of rescue plans
Following the news of a rescue plan for eurozone banks this morning, European governments have been spending the afternoon fleshing out the details of their planned recapitalisations and loan guarantees.
Central banks promise unlimited dollar lending
Three central banks - the Bank of England, the European Central Bank and the Swiss National Bank - will offer unlimited short-term US dollar lending from Wednesday, in the latest attempt to improve interbank liquidity.
Lehman’s CDS mess
Editor's blog
Lehman’s CDS mess
Editor's blog
Cebs: Bank risk disclosures could be better
Daily news headlines
Quantum goes for gold and energy
Quantum Asset Management has released three plans linked to commodities including gold and oil, in the belief that long-term investors should be increasing their exposure to energy commodities and gold in particular. The five and a half-year Protected…
UK Banks await clarification on £250 billion unsecured debt guarantee
UK banks, which are planning to participate in the government’s rescue plan for financial institutions, are awaiting clarification on how the temporary underwriting of the issuance of new unsecured debt instruments will affect structured products. The…
MAS publishes timeline for Minibond resolution process
The Monetary Authority of Singapore (MAS) has published a timeline for the resolution process for investors who bought Lehman Minibonds. The trustee (HSBC Institutional Trust Services Singapore), which is in charge of overseeing the Minibond products,…
Fed discusses CDS clearing house options
The Federal Reserve Bank of New York is today in discussions with interested parties over the establishment of a central clearing house for credit default swaps (CDSs).
IMF cuts growth forecasts as outlook turns gloomy
Continuing counterparty risk will slow down the world's recovery from the financial crisis, the International Monetary Fund warned in its latest World Economic Outlook.
David Peniket
David Peniket, president and COO of ICE Futures Europe, talks to Roderick Bruce about making bold decisions
Business as usual for Merrill as BofA eyes prize
Merrill Lynch may have made mistakes in the credit market, but its commodity franchise is a real prize for its prospective owners, finds Energy Risk
Safe to come out?
As energy traders take stock after the unprecedented market turmoil of September, the Energy Risk team asks a range of key players what effects they expect the investment banking crisis to have on commodities trading and risk management
Funds warn against stifling trade
Recent moves to increase regulation in oil markets are stifling trade and won't bring down prices, warn fund managers
Turkey's political pipelines
Turkey's strategic position at the crossroads of East and West has put it at the centre of a geopolitical tug-of-war, with energy supply a key driver. Robert Amsterdam examines the energy policies being brought to bear in the region
ETRM evolution
As energy trading and risk management systems become increasingly sophisticated, Rana Basu of TradeCapture looks at what users need to consider as they progress from implementing and using the most basic to the most complex systems
"Several weeks" before first asset purchases, says Paulson
It will be several weeks before the US Treasury will make its first purchase under the $700 billion Emergency Economic Stabilisation Act (EESA), according to US Treasury secretary Henry Paulson.