News
Trading fall prompts amendment to the Dodd Bill
Last week’s drop in US markets could yet provoke regulatory fallout
Eurozone CDS spreads stabilise
CDS spreads across the eurozone stabilised in early trading, but Greek spreads rose steadily.
Bank for International Settlements announces modest increase in OTC derivatives
Bank for International Settlements releases H2 2009 over-the-counter derivatives data that shows a small increase in total notional amounts outstanding
Portuguese insurers shielded from sovereign risk, claims regulator
A focus on high-grade corporate bonds in their investment portfolios is insulating Portuguese life insurers from the continued market pressure on the country's sovereign debt, according to Instituto de Seguros de Portugal (ISP), the country's insurance…
CDS spreads slashed as EU emergency measures kick in
News of a massive EU rescue package has boosted market confidence in European sovereign and bank debt.
Operational risk possible cause of US equity nose-dive
Fat finger error mooted as possible cause for US market plunge
European banks count the cost of sovereign exposure
As Greek debt continues to fall, banks are assessing their vulnerability to the crisis spreading across Europe.
Iraq seals oil deal with Kurdistan
The Iraqi government has resolved the longstanding oil dispute with Kurdistan, signalling a short-term increase in oil exports, while the prospect for a petroleum law, which would detail revenue and expense allocations for foreign energy companies in…
Finra to gain regulatory power from NYSE Euronext
The Financial Industry Regulatory Authority is to take powers of market surveillance and regulation enforcement from NYSE Regulation.
Insurers face “death by 1,000 spreadsheets” under Solvency II
Overly prudent capital requirements and excessive red tape in the Solvency II directive will paralyse the European insurance industry and kill the mutual business model, according to the Association of Mutual Insurers and Insurance Cooperatives of Europe…
Investors dispute claims sovereign downgrades were hasty
Senior EU officials may have criticised the rating agencies for reacting too aggressively to Europe’s fiscal woes, but investors say the reverse is true and the agencies remain behind the curve.
Structured Products Americas: More mis-selling fines to follow, Finra warns
The US industry's own regulator says its mis-selling investigation may lead to more fines for US companies.