Infrastructure
Isda AGM: Credit backlogs rise on higher volumes
Despite the efforts of dealers and intermediaries, backlogs in credit derivatives trade processing rose again in 2007, according to an Isda survey released yesterday.
Banks pack ailing debt into PDCF collateral
Investment banks could be getting rid of unsaleable high-risk loans by using them as collateral to borrow funds from the Federal Reserve through the primary dealer credit facility (PDCF).
Isda AGM: Calello urges industry to improve
Paul Calello, chief executive officer of investment banking at Credit Suisse, says all parties involved in the financial system – including regulators – need to take urgent action to combat potential systemic risk emanating from the ongoing credit crisis.
GSEs could endanger US credit rating
Exposure to government-sponsored enterprises (GSE) such as Fannie Mae and Freddie Mac could threaten the US government's AAA credit rating, New York-based rating agency Standard & Poor's has warned.
German structured products to receive rating scrutiny
Germany’s structured products look set for a shake-up, as the country’s buoyant certificate industry receives its own rating system, designed to improve transparency in the market.
Wellink defends Basel II
Daily news headlines
Blue Sky unveils third Protected Income Plan
Blue Sky Asset Management (BSAM) investment boutique has launched a third tranche of its six-year Protected Income Plan (PIP), which offers a fixed 10% income per year and 100% capital protection. The PIP III plan is linked to a portfolio of five UK…
Paladyne and Numerix partner
Pricing and risk analytics provider Numerix and alternative investment technology vendor Paladyne Systems have agreed to integrate Numerix trading, pricing and analytical toolset within Paladyne’s hedge fund platform. The move is designed to allow…
Crude hits new high on inventory lows
Crude oil rose by more than $2 per barrel on the New York Mercantile Exchange (Nymex) after US government data showed a drop in inventories, surprising some analysts.
No more Mifid regulation, says EC report
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Wing Hang Bank opts for Misys Summit FT
Wing Hang Bank in Hong Kong has agreed to install technology vendor Misys’ Summit FT treasury and capital markets software in response to increased demand for structured products from private wealth management clients, corporates and the retail market.
Trading psychology
Psychology is a growing factor inenergy price movements requiringmore intelligent and even biologicallybased analytical systems, findsCatherine Lacoursière
EEX - An exchange of ideas
The European Energy Exchange is positioning itself as the key trading hub for Europe's energy and emissions markets. Roderick Bruce meets Tim Greenwood, head of UK operations at EEX, and Oliver Maibaum, sales and business development director, to discuss…
Suppliers fight for green
A shortage of green power in the US has left some states struggling to meet mandatory renewables supply targets. Long-term supply contracts could help producers build new plants, but utilities and competitive suppliers are feuding over who gets to sign…
The right clients
A traditional approach to credit risk management is still the best, says Bill Lindsay of commercial property lender Eurohypo. Success depends on winning the best clients, he tells Rob Mannix
Valuing CDOs of ABSs
Charles Smithson and Neil Pearson discuss the valuation of collateralised debt obligations (CDOs), with a close look at CDOs of subprime residential mortage-backed securities
Deception and lies
Fraud
Core value
First American CoreLogic is said to be close to finalising a deal with a rating agency to provide loan level data as part of industry efforts to improve transparency and standardise information. Han-Nee Tay talks to Walter Allen, senior vice-president of…
Credit tighter for certain
Opinion