Foreign exchange
Icap to broker base metals on the LME
Interdealer broker Icap has launched a London Metals Exchange (LME) base metals broking business.
Minor metals to make LME debut
Futures contracts for minor metals molybdenum and cobalt will be launched on the London Metal Exchange (LME) in the second half of 2009, the LME has announced today.
More ABS losses to come on Alt-A, auto loans and credit cards
While defaults and delinquencies on subprime mortgages appear to have peaked, losses on prime mortgages and other prime collateral referenced by asset-backed securities (ABS), such as auto loans and credit cards, are expected to keep rising.
Italy set for launch of electricity futures
After years in the making, Italy will finally see the introduction of exchange-traded electricity derivatives through Borsa Italiana, the Italian stock exchange.
Two Credit Suisse brokers charged with ARS fraud
The US Securities and Exchange Commission (SEC) has accused two Credit Suisse brokers of duping their customers into buying more than $1 billion of subprime-backed auction rate securities (ARS).
HFM Columbus appoints two managers from Ward Consultancy
HFM Columbus has appointed James Scott and Ross Ibbotson as private client financial consultants in its London office. Both previously worked at Ward Consultancy as private client managers, where Ibbotson has spent eight years. Scott has also worked for…
Cat bonds go against the grain of the credit crisis
Catastrophe bonds (cat bonds) have been one of the few asset classes to prove resilient to the capital markets' turbulence over the past year.
Measuring liquidity risk
Liquidity risk
Burgeoning buyouts
Bulk purchase annuities
Powerful ambition
Backed by the financial might of Russia's Renova Group, Avelar Energy is investing in conventional and renewable energy assets across western Europe. Avelar's CEO, Igor Akhmerov, tells Roderick Bruce about his company's strategy
Power struggle
Forward liquidity has been lacking in the UK power market since 2002, and attempts to improve the situation have met with little success. Roderick Bruce considers what the future may hold for UK power trading
Martin Fraenkel
Martin Fraenkel, the global head of commodities at Calyon, talks to Katie Holliday about the commodity he values most highly – people
A path for renewables
Renewable energy needs to become a bigger part of the US energy mix, but there are still a number of hurdles to clear, explains Richard McMahon of the Edison Electric Institute
McCreevy plots rating agency shake-up as EC releases consultation papers
Two new consultation papers aim to tackle supervision of credit rating agencies across Europe and address the financial industry's supposedly excessive reliance on ratings
Profile: David Slade
The chairman of the Loan Market Association, also leveraged finance head at CSFB, talks to Matthew Attwood about the path to recovery for the beleaguered loan market
A fruitful time for hybrids
Structurers are coming up with novel ways of tapping investor demand for credit-linked products without the default risk associated with the previous generation of structured products. Their answer? Hybrids. Regis Benichou and Arnaud Scemama of Calyon…
Reviving RMBS
With only one public RMBS issue in the UK during the whole of 2008, the market would seem to have hit rock-bottom. But moves are afoot to help restore confidence in the market and enable banks to finance mortgage lending, as Laurence Neville reports
Banks slam '10%' rule for new structured deals
Sell-siders criticise proposals by the European Commission to force originators to retain 10% of new structured finance deals; but others welcome the move
Column: Robin Keck
Recently redundant? Don't fret: a few positive steps could soon see you back in the market
Column: Andrew Kasapis
The events of the past year have played havoc with the cash bond/CDS basis, with traders struggling to make the strategy profitable. Is there a way of making alpha from this trade?
The return of the real money manager
With hedge funds feeling the pinch from the liquidity squeeze, real money managers have emerged as a reliable source of liquidity, earning themselves mandates from investors with cash to put to work. Credit gains an exclusive insight into how one of the…
Asian retail focus
The process of tempting Asian retail investors back to credit has been an uphill struggle for distributors, who have tried to stimulate interest with a series of structured first-to-default notes that give sovereign exposure. But heavy mark-to-market…