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McCreevy vows to regulate credit rating agencies
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Rahul Sen to join BlackRock in Singapore
Rahul Sen, previously first vice-president of home loans risk management at Washington Mutual in Seattle, is moving to join asset manager BlackRock in Singapore.
New lobby group to defend securitisation markets
As pressure for reform in the securitisation market grows, three regional industry lobbying groups - the American Securitisation Forum (ASF), the European Securitisation Forum (ESF) and the Securities Industry and Futures Markets Association (Sifma) -…
New York Fed appoints Krieger to lead new credit risk management group
The Federal Reserve Bank of New York has created a new payments policy and credit risk management group. The bank has appointed Sandra Krieger to lead it, and she will also become a member of the bank’s management committee.
ABS new issuance increases 158%
Asset-backed securities (ABS) issuance for the second quarter has increased 158% compared with the first quarter, according to London-based data provider Xtrakter.
More writedowns coming at UBS
UBS will report more writedowns in its second-quarter results, due on August 12, the Swiss bank warned today.
Basel committee outlines reforms for rating agencies
The Committee on the Global Financial System (CGFS) – a group affiliated with the Bank for International Settlements that monitors developments in financial markets for the G10 countries – released on July 4 its findings on failures in structured finance…
TriOptima prepares to face Isda-backed rival
The new credit derivatives tear-up service announced by Isda yesterday will use a more flexible method of simplifying credit portfolios - but established provider TriOptima in Stockholm disputes it will be any better than its own service.
JP Morgan hires in credit correlation
JP Morgan has hired Olivier Vigneron, former global head of structured credit risk management at BNP Paribas in London.
Cheyne auction reflects harsh reality for SIVs
An expected restructuring of the assets of defunct structured investment vehicle (SIV) Cheyne Finance later this month underlines the harsh reality faced by many investors in the vehicles, who are likely to get little or none of their money back.
UniCredit snaps up TJ Lim and NewSmith credit advisory
UniCredit has bought London-based credit advisory NewSmith Financial Products (NSFP) and appointed chief executive TJ Lim as its new co-head of markets.
Markit and Creditex launch op risk CDS platform
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Sox burden eased by new guidance, says study
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European paper issued on improving securitisation transparency
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BSI issues whistleblowing code of practice
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Hedge fund investors offered fraud insurance
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HM Treasury assesses depositor protection
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SEC moves to reduce reliance on credit ratings
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Same-day affirmation could save €200m a year
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GFI introduces Nymex CAPP
Inter-dealer broker GFI has introduced a Nymex look-alike Central Appalachian (CAPP) coal contract that can be cleared via Nymex Clearport.
Pivot accesses over-the-counter market
Pivot Instant Markets is an improved version of Pivot 360 which offers over-the-counter (OTC) traders faster and more efficient methods for trading.
Barclays Capital launches US power index
Barclays Capital, the investment banking division of Barclays Bank PLC, has launched the first US national benchmark index for power prices.
FSA to order CFD disclosure
The UK Financial Services Authority (FSA) will treat contracts for difference (CFDs) in the same way as shareholdings for disclosure purposes, it announced today.
Markit appoints head of bespoke index service
London-based data provider Markit has hired Scott Stark as a director in its index division, leading a new bespoke index service.