Structured products
Turner: Capital and liquidity are core of bank regulation
Banking supervision must focus on better capital and liquidity standards, said Adair Turner, chairman of the UK Financial Services Authority (FSA).
Hedge fund group proposes tighter liquidity and anti-fraud rules
Hedge fund managers should use independent administrators to prevent fraud, and should impose limits on redemption requests, the Hedge Fund Standards Board (HFSB) recommended on July 1.
Change to BDI looks to boost derivatives trading
The way the Baltic Dry Index (BDI) is calculated will change as of July 1, in a move designed to encourage derivatives trading of the index.
Retention rage
The European Parliament and the US Treasury are pushing ahead with plans to introduce retention charges for securitisation deals in an effort to align the interests of investors and originators. But market participants complain the move is ill-conceived…
Regulatory backlash
Editor's letter
McCreevy cautions against hedge fund over-regulation
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Irregularities mean that Keydata will not be sold as going concern, PwC
Keydata Investment Services Ltd (KIS) will not be sold as a going concern due to irregularities uncovered by insolvency administrator Pricewaterhouse Coopers (PwC).
CDS: Spreads rally as investor confidence rises
Credit default swap 5-year mid-levels for structured products issuers (June 30)
Casam adds leveraged and short ETFs
Casam has added leveraged and short ETFs to its range, as well as products based on government and corporate bonds. The ETF provider has also included new equity products in the 17 new structures launched today in Paris.
US Wrap: Growth products turn back to S&P 500
Three growth products were launched yesterday all linked to the S&P 500 index, rolling back the broadening of underlyings seen towards the end of last week. JP Morgan and Bank of America (BofA) both issued notes, with two offering leveraged participation…
Tarp warrant sales could drive down vol on financials
The US Treasury's plan to dispose of warrants in banks held under the Troubled Assets Relief Program (Tarp) could have a significant impact on the options market, according to analysts.
New agreement on restructuring for European credit default swaps
European credit derivatives dealers have revised the details of a proposal to integrate restructuring as a credit event into the auction settlement process for credit default swaps (CDS), in preparation for the launch of the so-called ‘small bang'…
Bache Commodities launches new green commodities index
Bache Commodities, the global commodities and financial derivatives business of Prudential Financial, has launched a green commodities index.
Madoff sentenced to 150 years as investigations into feeder funds continue
Bernard Madoff was sentenced to 150 years in prison in the Manhattan federal court yesterday.
Eurozone dips into deflation, but high inflation still a risk
Inflation in the eurozone turned negative in June for the first time since the single currency was set up in 1999, but rising commodity prices are likely to push inflation back up soon across the world, some analysts believe.
CDS: Spreads tighten for second day
Credit default swap 5-year mid-levels for structured products issuers (June 29)
US Wrap: Closing the week in emerging markets and S&P 500
Three structures were on offer last Friday, reverse convertible, kick out and accelerated growth products, with the increasingly common emerging markets accompanying the usual flurry of S&P 500-linked notes.
SG launches tradeable dividend exposure in UK
Société Générale (SG) has launched four new certificates on the London Stock Exchange (LSE) giving exposure to the dividends of companies included in the FTSE 100 and Dow Jones Eurostoxx 50 indexes.
CDS: Spreads tighten; shrugs off UBS woes
Credit default swap 5-year mid-levels for structured products issuers (June 26)
BIS warns of "enormous risks to recovery"
In its annual report, released June 29, the Bank for International Settlements (BIS) warned worldwide rescue efforts for the financial industry might be inadequate.
House passes cap-and-trade bill
The House of Representatives has passed the American Clean Energy and Security (ACES) Act, taking the US a step closer to developing a national carbon cap-and-trade initiative.
Taiwan FSC backs down on structured products rules
Taiwan's Financial Supervisory Commission (FSC) has scrapped a controversial proposal that would have required foreign banks to park 70% of the proceeds from the sale of structured notes with Taiwanese trust banks. The country's financial sector…
FSA extends short-selling disclosure requirement again
The UK Financial Services Authority (FSA) has extended its disclosure requirement for the short selling of 30 UK financial stocks.
FSA issues Retail Distribution Review consultation paper
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