News
Amaranth manipulated gas prices: CFTC
The US Commodity Futures Trading Commission has charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
CBOE launches basket credit products
The Chicago Board Options Exchange will launch three basket credit event options next week, despite a slow start for its other credit products.
South Korea’s National Pension Service partners with Credit Suisse on risk management
South Korea’s National Pension Service (NPS) today signed a three-year partnership agreement with Credit Suisse that will cover a range of services including asset management, risk management, governance, technology transfer and training.
Amaranth in civil lawsuit battle
The Amaranth saga continues as the US Commodities and Futures Trading Commission (CFTC) announced today it is filing a civil enforcement action against the hedge fund and its former head energy trader, Brian Hunter.
Isda publishes protocol for new US LCDS
The International Swaps and Derivatives Association has published a protocol to roll old US loan credit default swap (LCDS) trades to the new industry standard, which was adopted in May.
US Congress demands answers on SARs
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Auditors more involved in risk management
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BNP Paribas further expands commodity derivatives team
BNP Paribas has made nine new appointments to its commodity derivatives team in London and New York. These hires follow that of Jose Cogolludo, global head of sales and marketing, commodity derivatives, who joined from JP Morgan last week.
Merrill Lynch launches temperature-linked certificate
Merrill Lynch has launched the first temperature-linked certificate for the Italian retail market.
SSGA expands London team
State Street Global Advisors (SSGA), the investment management arm of State Street Corporation, has made several appointments to its London portfolio management teams, reflecting the expansion of the company’s UK business.
Trade bodies release structured product principles
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S&P releases Pillar 3 guidance
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SGX AsiaClear adds to OTC BOM contract suite
Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of over-the-counter (OTC) balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts from August 2.
Euronext to launch volatility indexes
Euronext will launch its first three volatility indexes on September 3: the AEX Volatility Index, the BEL20 Volatility Index and the CAC40 Volatility Index.
Moody's looks to SIVs for stability
In a report released today, Moody's has described structured investment vehicles (SIV) as inherently stable in the face of spreading unrest in the US subprime mortgage market.
Barings: Subprime not to blame for increased LBO risk
Spread widening in corporate credit and leveraged debt has been wrongly attributed to the fallout from the US subprime mortgage market, according to Baring Asset Management.
Handjinicolaou to head Isda in EMEA
George Handjinicolaou has joined the International Swaps and Derivatives Association (Isda) as deputy chief executive responsible for Europe, the Middle East and Africa.
BNP Paribas launches global synthetic prime business
BNP Paribas has launched its global synthetic prime sales and trading group within its equities and derivatives business.
US regulators issue joint statement on AML requirements for the BSA
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