News
Liquidity provisions underdeveloped under Basel II, says FSA
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BCBS chairman speaks out on recent events
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Amended Solvency II proposal published
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Online banking attacks rise
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New risk principles for asset managers published
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FATF issues new terrorist financing warning on Iran
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Fed proposes changes to PSR policy
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Rogue trade loses MF Global $141.5 million
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LCH.Clearnet launches OTC emissions clearing
Clearing house LCHClearnet has today launched OTC clearing services for Certified Emissions Reduction (CER) and EU Allowance (EUA) emissions contracts.
Credit crisis costs RBS $5.6 billion
Royal Bank of Scotland (RBS) has suffered $5.6 billion (£2.9 billion) in writedowns, due to exposures to US subprime debt exposures and losses in its leveraged finance portfolio.
Peloton ABS fund suspended as ABS market worsens
Peloton Partners, the London-based hedge fund, has suspended its $1.8 billion Peloton ABS Master Fund.
MF Global sacrificed risk protection for speed, CEO says
MF Global, which announced $141.5 million losses from a single rogue trade earlier this week, had deliberately disabled controls on its US internal trading terminals to speed up processing of voice orders, chief executive Kevin Davis admitted yesterday.
Oil reaches new record as gas continues to rise
Crude oil futures closed at a record $102.59 on the New York Mercantile Exchange (Nymex) Thursday.
Nord Pool sells EEX stake to Eurex
Nord Pool ASA has agreed to sell its 17% stake in European Energy Exchange (EEX) to Eurex. Eurex plans to acquire up to 44% in EEX – for a total of €55 million − to strengthen its existing emissions trading partnership and continue its expansion into…
SuperDerivatives partners Liffe
SuperDerivatives, a London-based option pricing services provider, and the London International Financial Futures and Options Exchange (Liffe) have announced a strategic partnership to provide SuperDerivatives’ users with direct access to the Liffe…
HSH Nordbank alleges fraud by UBS over CDO
HSH Nordbank has filed a suit against UBS, claiming fraud caused it significant losses on a $500 million investment in a subprime mortgage-linked synthetic collateralised debt obligation (CDO) sold to the German bank in 2002.