News
Audit firms’ liability cap recommended by European Commission
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Bradford and Bingley under investigation
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Banks need to be high Basel II-compliant by 2013
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City expert panel mooted for Bank of England
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Infringement procedures begun due to 3MLD implementation failures
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Texas power spikes set tone for summer
Surging wholesale power prices in the ERCOT region may set the tone for a summer of skyrocketing costs, say analysts.
Dow and EDF Trading to cooperate on LNG
Dow Chemical Company and EDF Trading have signed a four year agreement to share liquefied natural gas (LNG) regasification capacity, in order to secure LNG cargoes destined for the European and US markets.
FSA updates insider information review
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FSA enlists industry experts
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Ambac, MBIA finally succumb to S&P downgrade, Moody's to follow suit
Beleaguered monoline insurers Ambac and MBIA have lost their Standard & Poor's (S&P) AAA ratings, just a day after Moody's placed both firms under review as a precursor to downgrade action of its own.
Ecofin releases statement on clearing and settlement
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CBOE rights debate could be overcome
A major impediment to the Chicago Board Options Exchange’s (CBOE) planned demutualisation could be overcome by a settlement it presented to its members on June 2.
Weather derivatives trading increases 35% year on year
Trading volumes of weather derivatives have increased 35% year on year, according to a survey by the Weather Risk Management Association (WRMA).
ICE buys Creditex in bid to access lucrative CDS market
The IntercontinentalExchange (Ice) has agreed to aquire credit derivatives interdealer-broker Creditex in a deal worth $625 million, in an attempt to gain a foothold in the burgeoning credit default swaps (CDS) market.
Péretié to replace Mustier at SG CIB
Michel Péretié has been named as the next chief executive of Société Générale Corporate and Investment Banking (SG CIB), replacing Jean-Pierre Mustier.
OTS chief calls for federal mortgage regulation
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Triple Point Technology acquires INNSINC
Risk management software company Triple Point Technology has acquired Investment Support Systems Inc (INNSINC) for an undisclosed fee.
CEIOPS publishes advice on occupational pensions
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TCF checklist released in reaction to crisis
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Deutsche Bank revises carbon price forecast – good news for CCS
Deutsche Bank has forecast a 2008 EU Emission Allowance (EUA) price of €40 per tonne, up from €35. The bank says a price of €40 will be high enough to incentivise future power plant and carbon capture and storage (CCS) build.