News
Fitch pulls coverage of monolines
New York credit rating agency Fitch Ratings has withdrawn coverage of the troubled monoline insurers Ambac and MBIA after they refused to continue co-operating with its analysts.
FDIC approves Basel II standardised approach
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Draft report outlines future EU regulatory structure
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BIS chief executive will quit in September
Malcolm Knight, general manager and chief executive of the Bank for International Settlements (BIS), will step down at the end of September, ahead of his planned departure in June 2009.
Small US banks free to pursue Basel II standardised approaches
The Federal Reserve has announced it will permit smaller US financial institutions to implement the standardised approach for Basel II compliance, acknowledging misgivings raised by banks over previous proposals.
Carbon credit rating services launched
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“Operation Malicious Mortgage” needed to protect Americans
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Mifid a failure say some traders
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Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
globalCOAL futures set for September launch
Electronic coal marketplace provider globalCOAL will launch its financially settled Newcastle coal futures contracts on ICE Futures Europe on September 5.
CFTC closes ‘London loophole’
The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading WTI crude oil on London-based ICE Futures Europe.
Derivatives Summit: UK shadow minister urges policy reforms
In his keynote address at the Risk Derivatives Summit held in London on June 24, Philip Hammond, Conservative MP for Runnymede and Weybridge, and shadow chief secretary to the Treasury, said the time has come for a major rethink on monetary policy.
Derivatives Summit: Improve processing now, OECD market chief says
Despite ongoing market turmoil, the future for derivatives is bright. Or at least it will be if the industry’s risk management infrastructure is tightened up, said Hans Blommestein, head of the capital markets programme at the Organisation for Economic…
Derivatives Summit: Investors should heed lessons of crisis, summit told
Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers speaking at Risk ’s 2008 Derivatives Summit in London.
CFTC closes ‘London loophole’
The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading West Texas Intermediate (WTI) crude oil on the London-based Ice Futures Europe exchange.
Misra departs Deutsche Bank
Rajeev Misra, Deutsche Bank’s global head of credit and commodities, has left the firm to set up a special opportunities fund, in which the bank is planning to invest.
MF Global names COO for North America
Bernard Dan has joined interdealer broker MF Global as chief operating officer of the company’s North American business.
BarCap launches Sharia-compliant hedge fund platform
Barclays Capital has launched an investment platform, called Al Safi, which offers investors Sharia-compliant access to hedge funds.
Brown calls for oil market transparency; reveals investment plans
UK prime minister Gordon Brown has today called for increased transparency in the global oil markets, and revealed a series of international energy investment initiatives.
Risk management discussed at Senate Banking Committee hearing
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Former Bear hedge fund bankers charged
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Paulson pushes for more power to the Fed
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Warnings over SFO head reforms
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