News
NAB to reopen options desk
National Australia Bank (NAB) hopes to reopen its currency options desk in the "near term", said chairman Graham Kraehe last week, reports RiskNews' sister publication, FX Week .
RMA introduces new credit risk certification
The Risk Management Association (RMA) has developed a credit risk certification that will recognise the expertise of American and Canadian credit risk analysts.
Chinese regulator extends derivatives transition period
The China Banking Regulatory Commission (CBRC) has extended the transition period for its new derivatives licensing regime, giving banks an extra three months to get licences in place that will allow them to trade derivatives onshore.
EnCana sells oil and gas assets for $395 million
Canadian exploration & production company EnCana Corp last Thursday sold oil and natural gas assets producing 16,800 barrels of oil equivalent a day (boe/d), to Harvest Energy Trust for US$395 million.
CSFB snares technical accounting director
Credit Suisse First Boston has hired Melissa Allen from BNP Paribas as a director within the European financial control department.
Merrill Lynch snaps up Entergy-Koch
Merrill Lynch is set to acquire the energy trading businesses of Entergy-Koch Trading (EKT), a venture of New Orleans-based Entergy Corporation and Wichita's Koch Industries.
Sponsor's article > Portman Building Society Selects SunGard's Basel II Capital Manager
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), has announced that UK-based Portman Building Society has chosen SunGard's Basel II Capital Manager to help it to comply with the new Basel II regulations and to achieve best…
Southern Company promotes finance and risk execs
Atlanta-based energy company Southern Company has promoted Kim Greene to senior vice-president of finance and Mark Lantrip to vice-president of financial planning and enterprise risk management.
Alliant sells assets of gas marketing business
Wisconsin-based Alliant Energy Corp said yesterday that it has sold most of the assets of NG Energy Trading to BP Canada Energy Marketing Corp, but would not disclose the terms of the deal. The sale continues the trend for US energy companies to distance…
Merrill Lynch snaps up Entergy-Koch Trading
Investment bank Merrill Lynch is set to acquire the energy trading businesses of Entergy-Koch Trading (EKT), a joint venture between New Orleans-based Entergy Corp and Koch Industries in Kansas. Energy Risk reported in June that the bank was a top…
SG sets up $100m credit facility for Kazakh energy company
SG Corporate & Investment Banking (SGCIB) said earlier this week that it has arranged an unsecured 66-month $100 million loan and hedging facility for Canada-based PetroKazakhstan Kumkol Resources (PKKR). PKKR is a subsidiary of PetroKazakhstan Inc, an…
Citigroup gets new credit derivatives trading system
Citigroup has gone live with technology company Calypso’s front-office credit derivatives trading system.
Kalahari launches fixed-income pricing system
Kalahari, which provides price discovery and analytic solutions to financial and energy trading firms, yesterday launched a real-time bond and asset swap portfolio pricing system.
Frost returns to credit
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Two go to Mark-it
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Ace Risk Management recruits corporate risk solutions head
Ace Risk Management, a unit of Bermuda-based insurer and reinsurer Ace, has hired David Brodsky as senior vice-president to lead the newly established corporate risk solutions group.