News
SIFMA gains new CEO
The Securities Industry and Financial Markets Association (SIFMA) has hired Timothy Ryan as its chief executive, replacing Marc Lackritz.
Clock ticking for troubled monolines
Monoline insurers are finding it difficult to raise capital in the face of the continuing decline in credit quality. New-York based insurers Ambac and FGIC, and SCA, headquartered in Bermuda, saw doubt cast on their ability to raise enough capital to…
HK government says subprime yet to pose systemic risk
The US subprime mortgage crisis has yet to cause serious economic problems for Hong Kong, a senior government official told the territory’s Legislative Council on January 16.
SG launches Kuala Lumpur Composite Index warrants in Singapore
Société Générale will launch the first five warrants on the Kuala Lumpur Composite Index (KLCI) to be listed on the Singapore Stock Exchange on January 17.
Automated payments system increases OTC transparency
Daily news headlines
Ex-Im Bank adopts new best practice guidelines
Daily news headlines
Citigroup downgraded after monumental losses
Citigroup saw its credit ratings docked today after announcing fourth-quarter losses of $9.83 billion, driven by subprime writedowns totalling $17.4 billion.
Bank of England Act proposed
Daily news headlines
Investment banks collaborate in first Oribo op risk forum
Daily news headlines
Markit opens Sydney office
London-based Markit, a provider of independent data, portfolio valuations and over-the-counter derivatives trade processing, has opened an office in Sydney, its first in Australia and third in the Asia-Pacific region.
BNP Paribas rejigs CLO team, bolsters CDOs
BNP Paribas is understood to be reviewing its collateralised debt obligation (CDO) activities, with a particular focus on the cash side of the business.
Macquarie appoints Asia head of renewables
Australian financial group Macquarie has hired Anton Rohner in a newly created position as head of Asian renewables at Macquarie Capital Advisers in Hong Kong, where he will look after renewable energy investments.
New research sees improvement in risk management the focus for 2008
Daily news headlines
The battle against financial crime becomes enterprise-wide
Daily news headlines
Banks intensify SIV firefighting efforts
Banks are scrambling to revive flagging structured investment vehicles amid downgrades and souring market values. Is there a case to answer for the rating agencies?