Foreign exchange
SSVP names new vice president as membership extended to buy-side
The Swiss Structured Products Association (SSVP) has named a new vice president following the retirement of the previous VP. Professor Dr. Paolo Vanini, who is a physicist, was elected to the role to replace Peter Scot at the association’s annual general…
Bailouts fail to lift markets
The news of massive bank bailouts on both sides of the Atlantic failed to support the stock markets this morning - UK and European equities fell sharply in early trading, led by a weak financial sector.
Hypo Real recieves €50 billion bailout
The German government, along with Deutsche Bundesbank, financial regulator BaFin and a number of German banking and insurance representatives, has agreed on a €50 billion rescue package for property lender Hypo Real Estate after an earlier bailout…
Fear of tail risk drives new derivative product
A new derivative product will allow buyers and sellers to take levered positions on equity and exchange-traded funds without worrying about tail risk, its designer says.
Greece guarantees deposits: Sarkozy proposes EU bail-out
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SEC extends short selling ban
The US Securities and Exchange Commission (SEC) has extended its ban on the short selling of financial stocks to October 17, in order to give the US Congress time to vote through measures aimed at stabilising the financial markets.
UBS exits commodities
Investment bank UBS has announced today that it will end its trading operations in the commodity markets, except precious metals.
Bank of England extends eligible collateral for repo facility
The Bank of England (BoE) on Friday extended the range of collateral eligible for its weekly sterling three-month repo facility to include AAA-rated asset backed securities (ABSs) of corporate and consumer loans and highly rated asset-backed commercial…
Greece follows Ireland's lead in savings guarantees
Greek finance minister Giorgos Alogoskoufis said yesterday the Greek government would guarantee its citizens' savings, following the decision of the Irish government to do the same earlier this week.
Bloxham offers financials with Irish government guarantee
Bloxham Asset Management, an independent investment services firm, has launched a new deposit product for Irish investors which exposes them to potential financial stock recovery. The product launch comes as the Irish government announced on Tuesday that…
CDS spreads widen despite bailout approval
Credit default swaps (CDSs) on a number of major dealers widened yesterday in spite of the US Senate vote on a revised $700 billion financial rescue plan.
Hope for markets as Senate rescues bailout
Financial stocks rose this morning in Europe after the US Senate passed an amended version of the planned $700 billion financial bailout bill.
Strain persists on interbank lending
Instability in the interbank lending markets continued today, despite the approval of the revised $700 billion bailout legislation by the US Senate.
FSA amends sourcebook to include Mifid exemptions
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EU considers tougher capital rules for banks
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Focus on regional strategies brings value for investment managers
Following a strategy focused on a specific region gives managers a chance to concentrate on a specific universe of investment opportunities that can bring good returns for portfolios. Stephen Quigley and Jamie Wynn-Williams talk to managers running funds…
Academy Insight
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Barclays CORETM – opportunities in trading equity correlation
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The FX effect
US bond funds that invest in international assets have seen their returns hit by the recent rally in the US dollar. Dalia Fahmy looks at how fund managers are trying to insulate themselves from exchange rate movements and gauges market opinion on which…
Column: Nigel Sillis
Labour costs are rising even though labour is no more scarce. How is this happening?
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