News
New Basel proposals threaten bank sub debt, investors warn
Bond investors voice concerns over freedom given to national regulators to determine trigger events for conversions or haircuts.
Barnes bows out of RBS
Royal Bank of Scotland suffers two senior departures in its foreign exchange business
Brokers establish own carbon trading risk tests
Carbon brokers establish their own checks for assessing counterparty risk, following European market authorities’ failure to react to a spate of carbon market fraud.
Payments providers split over Sepa end dates
Comments released by the European Commission show that European institutions and banking associations disagree over Sepa proposals to seperate end dates
Outsourcing poses two-way operational risks for firms and service providers
First-time outsourcers might have overlooked or underestimated operational risks involved
Russia to benefit most from China's energy demand - report
Russia will benefit more than its competitors from China's growing energy appetite, says private investment bank Troika Dialog
New CME coal contracts signal maturing coal market
CME launches four swap futures and options contracts in a move that analysts say will boost the global coal market
UK carbon fraud measures could impact market
The UK authorities' decision to introduce a reverse charge mechanism on carbon credits from November could increase costs and push trading on to exchanges, say market participants
Ginga debuts electronic coal trading in Asia
The Singapore-based broker aims to use technology to gain market share in the Indonesian sub-bit coal swaps market.
China's Sinopec: gas production up 40% as demand grows
China’s state-owned energy giant Sinopec reveals natural gas production soars by 40%, as proven reserves ebb lower, suggesting heightened imports are on the horizon
Raiffeisen joins growing Romanian structured products market
Raiffeisen lists its first certificates on the Bucharest Stock Exchange
China’s CDM trade threatened by uncertain carbon legislation
Investment in CDM carbon credits in China may slow because of the prolonged uncertainty over global climate change legislation, analysts say
RMB-denominated OTC derivatives poised to take off in Hong Kong
The renminbi deliverable forwards market has hit at least $28 million during the first month of trading following an agreement in July between the the PBOC and HKMA that enabled Hong Kong to act as an offshore centre for the Chinese currency.
Bank funding blow from ECB repo withdrawal
As the European Central Bank winds down its repo facility, there are fears that traditional avenues of securitisation issuance are still not viable.
Banks face suit over mis-sold subprime loans
Cambridge Place Investment Partners accuses 15 banks of mis-selling.
Spanish banks tap ECB for record €130bn in funding
Increased borrowing reflects fears on country's banking sector.
Morgan Stanley is buyer of Natixis CDS portfolio
US bank believed to have purchased bulk of $8.6 billion credit derivatives portfolio.
BlueBay recruits Deutsche’s Mark Dowding
Former head of European fixed income for DWS Investments hired to build government bond franchise.
Brownstone names investment grade director
Sean Richter arrives from Stifel Nicolaus.
Deutsche Bank nabs Mayer and Cai from UBS
Jeffrey Meyer will become new head of global markets for North America, while Cai takes responsibility for corporate and investment banking in Asia.
Pimco recruits chief for Asia-Pacific office
Ki Myung Hong joins the asset manager from Bank of America Merrill Lynch.
BP’s Gulf of Mexico oil spill will not push fuel switching
Experts quash fears that tighter restrictions following BP’s Gulf of Mexico oil spill will result in oil to gas fuel switching in the US, thus pushing up gas prices