Structured products
Claymore commences on Arca with 21 ETFs
NYSE Arca has started trading 21 Claymore exchange-traded funds (ETFs) after they were transferred from NYSE Alternext US, the former American Stock Exchange. The 21 ETFs cover a range of underlying asset classes, from emerging market countries to water…
Risk USA: Call to link risk manager compensation to performance
The compensation structure for risk managers should be revamped as part of wider changes to risk management processes in light of the credit crunch, delegates at Risk USA in New York were told yesterday.
Government stakes in banks raise counterparty conundrum
The collapse of Lehman Brothers in September has put greater focus on the issue of counterparty credit risk. But dealers admit to being stumped as to how the taking of equity stakes in major banks by governments across the globe will play out.
Risk USA: Government inconsistency on rescues deepens crisis
The US Government's ad hoc response to bank failures has increased instability in the US banking system and deepened the credit crisis, a senior risk officer told delegates at Risk USA.
MF Global head steps down after Lehman losses
Kevin Davis, chief executive of US broker MF Global, has resigned as the company prepares to report unexpectedly high losses from the collapse of Lehman Brothers last month.
IMF, EU and World Bank feed cash-starved Hungary
The International Monetary Fund, the European Union (EU), and the World Bank will provide a $25.1 billion financing package for Hungary to support its ailing economy.
ETF Securities emits first Carbon ETC in Europe
ETF Securities (ETFS) has listed the first carbon exchange-traded commodity (ETC) on the London Stock Exchange (LSE) offering exposure to the carbon emissions allowance futures market for the first time in Europe. ETFS Carbon tracks the ICE ECX EUA…
Bank of England predicts long haul for economy
The Bank of England plans to raise minimum capital levels and impose tight limits on bank leverage, as part of a push to prevent another credit crisis.
Japanese ban naked shorts despite liquidity fears
The Japanese Financial Services Agency today banned naked shorting of stocks on the Tokyo exchange until the end of Q1 in 2009. But the experience of other countries implies the country now risks making the stock market even more volatile and illiquid.
Taiwan watchdog clamps down on overseas investment
Taiwan’s financial markets watchdog has revised regulations governing the investment by domestic insurance companies in certain overseas assets by introducing limits on a their total investment in US government agency issued mortgage-backed securities …
US Treasury considering allowing insurers, auto-makers to access Tarp
The US Treasury is considering allowing non-banking institutions such as insurers and auto-makers to access federal funds under the government’s $700 billion bailout package, a senior Treasury official has confirmed.
FSA confirms new CFD rules despite dissent
The UK Financial Services Authority (FSA) will go ahead with rules forcing general disclosure of holdings of contracts for difference (CFDs), despite market concerns that the cost would be too high.
Increased regulation for hedge funds on the way, says FSA’s Sants
Daily news headlines
Congress: US needs regulatory overhaul
Daily news headlines
Rating agencies "sold their souls"
The heads of the major rating agencies faced public humiliation this week, as hearings in the US Congress blamed them for the oversights and mis-estimates behind the credit crisis.
Congress: US needs regulatory overhaul
At a US congressional hearing of the committee of oversight and government reform on October 23, speakers called for far-reaching regulatory reforms. These included demands for greater scrutiny of derivatives, increased capital charges on securitised…
ETF Securities close acquisition of Gold Bullion Securities
ETF Securities has completed the acquisition of Gold Bullion Securities’ Exchange Traded Commodities (ETC) products listed on London and Australian Stock Exchanges.
Goldman cuts 10% of workforce
Goldman Sachs is slashing 10% of its global workforce as recent changes to market conditions put strains on its business practice.
SGX derivatives and ETFs smash records in September
Singapore Exchange (SGX) has seen its derivatives and exchange-traded funds (ETFs) markets set new trading records in September 2008. In the period from July-September, a record 17,369,505 derivatives contracts were traded, marking a 17% increase from…
End of the line for CPDOs
Analysts say the demise of Constant Proportion Debt Obligations (CPDOs) now seems certain.
Legal changes have borne fruit, says Russian exchange chief
Roman Goryunov, chief executive of the Russian Trading System (RTS) stock exchange, predicted a good year ahead for the Russian derivatives markets in an exclusive interview with Risk .