News
NATS saves £1.7 million in hedging programme
Major end-user NATS saved £1.7 million after installing a new hedging strategy and energy risk management programme
Shale boom to continue out to 2020
New technology means the cost of shale gas production is more favourable than natural gas
New tool targets FERC enforcement actions
Database created by former FERC enforcement director aims to create more transparency around notices
Qbasis offers fund management strategy to retail through ETF
Futures fund manager Qbasis seeks a London listing for an ETF based on its strategy
Deutsche expands physically backed ETC offering
Deutsche Bank lists collateralised platinum and palladium exchange-traded commodities in London
Nabucco could be postponed to 2011
Future Western European gas supplies could be at risk, as the Nabucco pipeline, which is designed to relinquish the European Union’s dependence on Russian gas imports, maybe delayed until the start of 2011
MAS ups DBS's op risk capital number
DBS censured by Singapore regulator for IT outage, required to hold more op risk capital
RBS Group fined £5.6m for sanctions control failings
UK regulator issues large fine after banks fail to implement monitoring systems
Penny Cagan leaves Algo First for Citi
In a surprise move, First database founder Penny Cagan departs Algorithmics.
E&P energy company premiums likely to rise
Energy exploration and production (E&P) companies face increased cost risks as insurance premiums could rise, following BP’s Gulf of Mexico oil spill, which forced reinsurance firms, such as Germany’s Munich Re, to shell out hefty payments
China's gold market liberalisation may boost derivatives take-up
China's new guidelines for developing the gold market could result in more gold derivatives in the country.
Alcentra advocates leveraged loans over high yield
Paul Hatfield, CIO of Alcentra, says investors should choose loans because of “stupendously attractive” returns.
Cat bonds set to become new face of structured credit, say Axa chiefs
Two senior heads at Axa Investment Managers anticipate escalating demand for catastrophe bonds.
StanChart sees no need for Basel III capital
Standard Chartered (StanChart) believes it is already well capitalised and has no plans to react to Basel III proposals by building up more capital.
BP’s oil spill to double energy companies’ IT spend
The aftermath of BP’s Gulf of Mexico oil spill could double the amount energy companies will spend on information technology (IT) as they look to adhere to new regulatory requirements in offshore drilling pursuits
Korean linker volumes soar after introduction of deflation floors
The resumption of issuance of government linkers, which now include deflation floors, should aid the development of inflation derivatives in South Korea
Basel Committee sets out plans for completion of Basel III
Regulators announce a longer transition period and changes to CVA charge
Bank results suffer after May volatility
Short volatility positions contribute to poor equity derivatives results
Regulators to present living wills proposals to G-20
Banks asked to draw up blueprints for resolution as part of a pilot scheme
Troika Dialog lists blue-chip ETF on RTS stock exchange
Investment bank and asset manager Troika Dialog has listed the first ETF on the Russian Trading System stock exchange
State Street advises institutional investors to move away from modern portfolio theory
New report suggests investors should move away from using normal return distributions under modern portfolio theory
Citi hires Margolis from Goldman Sachs
Latest hire in a series of senior appointments to the firm's FX business