News
Bursa Malaysia sets up Shariah-compliant commodity platform
Commodities exchange Bursa Malaysia has signed an agreement with 26 companies to launch a Shariah-compliant commodity trading platform, Commodity Murabahah House (CMH).
Ice Clear Europe launches CDS clearing
Ice Clear Europe, the facility set up by Atlanta-based central counterparty (CCP) IntercontinentalExchange (Ice) for the clearing of European credit default swaps (CDS), has obtained regulatory approval and started clearing operations.
New head for CME's proposed European clearing house
The Chicago Mercantile Exchange (CME) has named Andrew Lamb as chief executive of its European clearing house, CME Clearing Europe, subject to regulatory approval of the venture.
2008 Loss Data Collection Exercise results released
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US Wrap: Morgan Stanley offers Brazil through Exportfinans
Morgan Stanley has launched a new note offering exposure to the iShares MSCI Brazil Index fund. The external credit of Eksportfinans has been used to package the six-month trade, which gives an annualised coupon of 11-15% provided that the fund stays…
Industry still failing on risk management, surveys find
Two years after the start of the credit crisis, many financial institutions are still without adequate risk management, according to two recent surveys.
Lack of liquidity means a comeback for vol swaps
Dynamic replication of the payoff of volatility swaps on single stocks in illiquid markets is cheaper and easier than replicating variance swaps payoffs, dealers say.
Spanish rules cushioned banks from the crisis, says top regulator
In an exclusive interview with Risk , José María Roldán, director-general of banking regulation at the Banco de España, explains how a unique regulatory framework has led Spanish banks to adopt prudent trading and risk management processes that paid off…
Spectron brokers first UK month-ahead power index deal
Interdealer broker Spectron's UK power desk yesterday brokered the first reported trade based on the new London Energy Brokers' Association (LEBA) Month-ahead UK Power index.
Regulator re-opens speculation debate
At the first of three hearings on possible methods to control oil price speculation today, the Commodity Futures Trading Commission (CFTC) chairman called for serious consideration of the need for position limits in energy trading.
Banks' CDS spreads tighten after positive Q2
Market sentiment towards financials has improved in the past week as the continued wave of positive second-quarter bank results helped nudge the cost of credit protection lower on all major US and European banks.
Cooksey to manage UK government's stakes in banks
David Cooksey will join UK Financial Investments (UKFI), the company set up to manage the government's stakes in UK banks, as chairman on August 1.
BarCap expands Asia forex team
Barclays Capital has made a number of new hires for its Asian foreign exchange business, including Ivan Ferraroni as head of forex bank sales for the Asia-Pacific region.
Hedge fund manager in fraud investigation
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Citi adds three directors to board in response to regulatory probe
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UK Wrap: Cater Allen lone presence with double digit headline rate
Cater Allen Private Bank was the only issuer with a product in the UK market last week, offering a headline rate of 37% for its FTSE-linked product. The plan comes with two maturity options - either three and three quarter years or five-and-a-half years…
US Wrap: New stocks on the reverse convertible menu
Five new reverse convertibles have been released into the US market, offering exposure to three stocks absent from the space for at least a year. The new underlyings include equity from energy and credit companies.
Eurex CDS clearing solution to start on July 30
Eurex will begin clearing European index and single-name credit default swaps (CDS) as of July 30, the exchange said today.
CFTC to regulate ICE natural gas contract as SPDC
The Commodity Futures Trading Commission (CFTC) has imposed new regulatory and reporting requirements on a natural gas contract traded on the IntercontinentalExchange.
New EMEA FICC head for Bank of America Merrill Lynch
Sanaz Zaimi will join Bank of America Merrill Lynch as head of fixed income, currencies and commodities (FICC) sales for Europe, the Middle East and Africa (EMEA) in early 2010.
New heads of prime brokerage and listed derivatives at UBS
Stuart Hendel and Mitch Moore have joined UBS as global head of prime brokerage and global head of exchange-traded derivatives, respectively.
FSA introduces deposit guarantee compensation rules
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US Wrap: JP Morgan offers European growth with downside gearing
JP Morgan has launched a new accelerated growth note linked to the DJ Eurostoxx 50. The note offers 200% participation in the index over six months, with 111.11% participation in downside losses. Upside returns are capped at 10%.