News
Rating agencies under fire again in Congress
Research due to be presented today to a Senate subcommittee shows major rating agencies gave optimistic credit ratings to keep profits high.
Experts predict wave of commodity spread ETFs
An influx of commodity-based exchange-traded funds (ETFs) could sweep the market, after Canadian investment firm Jovian Capital Corp’s ETF unit BetaPro Management launched the first ever commodity spread ETF this month, signalling the growing range of…
Cross-border lending extends slump: BIS
Bank for International Settlements says international lending fell by $385 billion in last three months of 2009, figures reveal fifth consecutive quarterly drop
Doubts over IMF tax proposals
International Monetary Fund proposals are the latest in a line of suggested levies on banks.
Isda AGM: Rate of decrease in CDS notional falls
The rate of decrease in notional volumes of credit default swaps (CDSs) has slowed, according to the International Swaps and Derivatives Association’s year-end 2009 market survey, which was unveiled at its annual general meeting in San Francisco on April…
US SEC had suspected Stanford Ponzi scheme since 1997
A report from the US Securities and Exchange Commission (SEC) says the Stanford fraud was ignored for a decade because it was too big and too complex.
Risk.net readers back California's CDS reporting demand
A recent online poll found a small majority backing California's demand for banks to reveal their involvement in the state's credit default swaps.
Gazprom seals US LNG deal
The world’s largest natural gas company Gazprom has sealed a deal with US-based Sempra Energy that will allow Russia’s energy giant to supply liquefied natural gas (LNG) to another US receipt terminal and further broaden its client base and its reach in…
Dealers warn of risks of forced allocation in OTC clearing
Clearing houses could cause large losses for their members if they don't put limits on portfolio allocation, dealers think.
Russia targets CLS inclusion by 2015
Settlement risk in Russia's ruble is preventing the currency realising its global ambitions
Cloud computing security and compliance issues challenge banks
Financial services firms, wary of cloud computing, are looking to a new hybrid public-private cloud strategy to ease concerns.
Reform bill passes Ag Committee before full Senate debate
The US Senate Committee on Agriculture, Nutrition and Forestry has approved the Wall Street Transparency and Accountability Act, containing some of the strongest derivatives reforms proposed since the financial crisis.
Swiss tighten liquidity rules for biggest banks
Swiss Financial Market Supervisory Authority and the Swiss National Bank clamp down on UBS and Credit Suisse through stricter liquidity regime
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
