News
NASD fines State Street for reporting failures
The record $1.4m fine is for neglecting to report trades to Trace
2,000 sign up to Isda Novation Protocol
But some buy-side institutions claim they were given little choice in signing up
S&P admits that GM bankruptcy is no longer 'far-fetched'
Continued uncertainty over the sale of GMAC has exacerbated negative sentiment surrounding the automaker
Deutsche sells US asset management business
The German bank signs a £265m deal with UK firm Aberdeen Asset Management
Isda docs to spur CDS of ABS growth
S&P reckons standardisation of Isda documentation will attract investors
ABS to continue rapid ascent
European asset-backed securitisation volumes for 2005 are estimated to surpass 2004's figures by 10-15%