News
Recent US deals could power more M&A
Mergers and acquisition activity could be on the up in the US power market in spite of staid economic conditions. Pauline McCallion examines the outlook for M&A
PPF offers potential £80 billion boost to longevity market
UK’s PPF is open to longevity derisking – at the right price
New MSRB rules seek to end municipal swap adviser scandals
Dodd-Frank rules take aim at brokers pushing rate swaps for bigger commissions
“New price on risk” for Gulf of Mexico producers
Government and regulators are urged to act quickly to create a stable regulatory regime in the wake of the Macondo oil spill or risk stifling domestic production
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.