Infrastructure
European Commissioner backs power exchange merger
EU energy commissioner Andris Piebalgs has backed the merger of Germany’s European Energy Exchange (EEX) and France’s Powernext to create single Franco-German power spot and futures markets.
Central clearing house becomes a reality
Clearing Corporation, a Chicago-based clearing house, and the New York-based Depository Trust and Clearing Corporation (DTCC) will launch central counterparty clearing services for a range of over-the-counter credit derivatives in the third quarter.
CFTC seeks greater energy market transparency
The US Commodity Futures Trading Commission (CFTC) has launched a series of new initiatives with which it hopes to increase the transparency of the energy futures markets.
Marking to market, to model or to matrix?
10. Mark-to-market
CDOs: Weathering the subprime storm
1. Introduction
Monoline insurers and the super-senior bombshell
9. Monolines
CDS and synthetic CDOs
3. Credit default swaps
Summer 2007: When the music stopped
8. Credit crisis
CDOs and the subprime mortgage market
7. Subprime mortgages
The future for CDOs: An end to complexity?
12. The outlook
Gold producer hedging drops to record lows
Gold hedging plunged by another 18% in the first quarter of 2008, shrinking the global delta-adjusted hedge positions to 22 million troy ounces (Moz).
Markit's Red now free to low-volume buy-side firms
London-based data provider Markit has created a free licence for the Markit Reference Entity Database (Red), aimed at smaller buy-side firms.
Back to basics: non-determinant deposits
Liquidity and Deposits
Buying power?
GSEs
Get a fix on floating-rate risk
Commercial Property
Nationwide's mortgage cut-back adds fuel to fears of market slump
Market commentators "surprised" as lenders look to cut back on risky mortgage offerings
A bright future?
Mexico