News
Crude surges past $129
Crude oil reached record highs of $129 a barrel on the New York Mercantile Exchange (Nymex) today as the Organisation of Petrolium Exporting Countries announces it will not be boosting output.
Kamakura launches sovereign default probability service
Risk information provider Kamakura has launched a Basel II-compliant default probability service for sovereigns.
UBS names head of US equity structuring
Greg Morris has left Deutsche Bank to join UBS Investment Bank as head of US equity structuring.
CME information head retires
James Krause, chief information officer at the Chicago Mercantile Exchange, is to retire at the end of June. He will be replaced by his deputy, Kevin Kometer.
Gazprom joins Nord Pool’s carbon market
Russian energy giant Gazprom has signed up to trade carbon products at Nord Pool, the power derivatives exchange.
CFTC energy markets committee members announced
Members of the Commodity Futures Trading Commission’s new Energy Markets Advisory Committee (EMAC) have been named.
Corporates shy away from FX e-trading
Corporates have been avoiding the use of electronic platforms in the execution of their foreign exchange (FX) trades, with most showing a preference for traditional voice trading.
Markit's Red now free to low-volume buy-side firms
London-based data provider Markit has created a free licence for the Markit Reference Entity Database (Red), aimed at smaller buy-side firms.
Wider Libor-OIS spreads can offer cheaper MBS funding opportunities
UBS report reveals investors could be able to access attractive mortgage-backed securities funding
Mortgage lenders to follow in HBOS and RBS footsteps
Rights issues are the flavour of the month, with mortgage lenders following some of the larger banks' example as they seek to boost long-term solvency ratios
Nationwide's mortgage cut-back adds fuel to fears of market slump
Market commentators "surprised" as lenders look to cut back on risky mortgage offerings
Credit crisis past its worst, claims Bank of England
Despite the optimism from the central bank's latest report, analysts believe it will still take some time before such confidence filters down into the mortgage-backed securities business
Investor confidence in renewable energy still strong
Investor confidence in renewable energy companies is still strong despite the credit crunch, according to an online poll conducted by advisory firm Ernst & Young.
Back-up power fails as lights go out at Ice
The IntercontinentalExchange (Ice) is investigating the cause of a “fluke” power outage at one of its data hubs that interrupted commodities trading for three-and-a-half hours yesterday.
TFS Energy completes $50 million weather auction
A $50 million Dutch auction has been completed by interdealer broker TFS Energy’s US weather derivatives division.
Regulatory burden set to increase
Financial institutions hoping for some relief from the myriad of regulations introduced in recent years are set to be disappointed, according to recent research from global advisory firm Deloitte.
Fed expert to speak at OpRisk Asia
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BIS releases FX systemic risk report
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Oil and gas industry costs reach new highs
Costs of constructing new oil and gas upstream and downstream facilities have reached record highs, according to indices compiled by IHS/Cambridge Energy Research Associates (CERA).
Joshi and de Vitry expand their roles at BarCap
Two of Barclays Capital’s most senior staff, Dixit Joshi and Benoit de Vitry, have been promoted to take on wider responsibilities at the bank.
Industry releases draft principles for structured products
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