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More subprime legislation on the way
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New UK money-laundering requirements kick in
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Spain implements Mifid
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UK rejects Italian calls for single EU regulator
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Outsourcing is long-term loss for short-term gain, says study
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Open outcry fading away as Nymex fends off rivals
New York Mercantile Exchange (Nymex) chairman Richard Schaeffer said today that 80% of the exchange’s business is now done electronically, as the open outcry trading floor becomes “less and less meaningful”. He also outlined ambitious plans for 2008, and…
Commodity investor sophistication increasing, says Barclays Capital
A survey of 150 Barclays Capital clients has found that half expect to have more than a 10% exposure to commodities in their portfolios, a threefold increase from a similar poll carried out in 2005.
Citi hires head of emissions markets
Citi has appointed Garth Edward as its new head of emissions markets, based in London. He will cover the bank’s global efforts in carbon trading and Kyoto emissions credits.
FSA to lenders: prepare for the worst
The UK Financial Services Authority's director of retail markets, Clive Briault, warned mortgage lenders yesterday they should prepare for market conditions to worsen still further in the year ahead.
Markit to buy Swapswire
London-based data services provider Markit has agreed to acquire the London electronic trade confirmation firm Swapswire.
New insurance and pensions head at Credit Suisse
David Prieul has joined Credit Suisse in London as head of the European insurance and pensions solutions group.
US regulators get tough on foreign firms
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Cost of US ID theft falling
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Fannie Mae most active CDS in US for November
The banking and financial services sectors dominated trading volumes of credit default swaps (CDS) in the US over November, according to New York-based interdealer broker GFI.
Zubrow named as JP Morgan risk chief
JP Morgan Chase has appointed Barry Zubrow as chief risk officer, replacing Don Wilson, who retired earlier this year.
LCH.Clearnet and Nodal Exchange to launch new trading and clearing service
LCH.Clearnet, the independent clearing house for power clearing, and Nodal Exchange, the first marketplace to use a locational nodal market for forward power trading, have signed an agreement to provide a trading and clearing service for cash settled…
Calyon rebuilds Asian equity derivatives team
French bank Calyon has made several sales appointments to its Asian equity and fund derivatives team since June, following the departure of a number of senior executives in the first half of the year.
Lehman: potential for EM contagion overlooked
Credit market turmoil caused by bad US subprime mortgages could be transmitted to emerging market economies through domestic bank lending – a “vehicle for contagion that has been overlooked,” according to recent research by Lehman Brothers.