News
EC sets out phase III plans for EU ETS
The European Commission (EC) today outlined its plans to expand the scope of the European Union’s Emissions Trading Scheme (EU ETS) for the trading period of 2013 - 2020 (phase III).
$6bn in Q4 writedowns at Bank of America and Wachovia
Bank of America and Wachovia, the second and fourth biggest banks in the US by assets under management, have posted large writedowns for the fourth quarter of 2007 as depreciating mortgage-backed securities (MBS) continue to punish banks’ bottom lines.
Calyon names credit head
Neal Neilinger has joined Calyon in London as global head of the credit business, part of the bank's debt and credit markets division. He will report to the global head of debt and credit markets, Jim Siracusa.
Schueler leaves Deutsche
Marcus Schueler, head of integrated credit marketing at Deutsche Bank, has left the bank.
Markit buys BOAT
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HFWG sets hedge fund best-practice standards
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Markit takes over Boat reporting platform
Market information provider Markit, based in London, has taken over the Boat trade reporting platform.
Nazareth resigns as SEC commissioner
The Securities and Exchange Commission (SEC) has confirmed that commissioner Annette Nazareth will step down from her role at the US regulator at the end of the month.
More Mifid risks are coming
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OFT tackles unfair bank charges
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First cleared CER spot transaction on Climex
The first cleared spot trade of Certified Emission Reductions (CERs) took place on Climex this week.
Global carbon market grows 80% in 2007
The total value of greenhouse gas emission permits traded in 2007 reached €40 billion, an 80% rise on the 2006 figure of €22bn, according to information provider Point Carbon.
CFTC appoints regional administrators
The Commodity Futures Trading Commission (CFTC) has appointed three members of its staff as regional administrators, as part of a plan to improve communication among all CFTC locations.
Bafin calls for better risk management
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First Dutch spark spread traded
The first OTC Dutch spark spread, which represents the generating margin of gas-fired power stations, was traded this week, brokered by Spectron.
JP Morgan wins Derivatives House of the Year award
JP Morgan has won Risk magazine’s Derivatives House of the Year award. The US bank was widely praised by end-users for continuing to provide liquidity during the turmoil of the third and fourth quarters last year, showing strength across all asset…
Kookmin merges risk and finance units, promotes CRO
Seoul-based Kookmin Bank combined its risk management and financial management groups as of January 1 and promoted chief risk officer (CRO) Donald MacKenzie to chief financial officer (CFO) and head of the newly merged group.