News
Spanish downgrade widens CDS spreads
CDS spreads increase for several eurozone sovereigns as Moody’s downgrades Spanish credit rating
CME names Everaert OTC head
Michael Everaert has joined CME Group as head of OTC solutions
Op risk managers with regulatory focus can gain most in interim market
Risk managers with regulatory focus stand to gain most in interim market
Gender discrimination ruling leaves annuity providers confused over capital
UK annuities providers cannot price for gender, but must still reserve capital for it
Relative value opportunities remain in Europe’s periphery, says BlackRock’s Krautzberger
March is crunch time for peripheral Europe, but region offers relative value trades, says co-head of European fixed income at BlackRock.
Gas groups rethink regulatory issues
Global co-ordination needed between gas regulators and operators; international group to report on infrastructure and environment in 2012
Thomson Reuters Matching hit by four-hour outage
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
NY Fed’s Krieger: liquidity backstop for shadow banks vital
New York Federal Reserve executive vice-president Sandra Krieger stresses importance of backstop measures to reduce systemic risk arising from shadow banking activities
European parliament embraces Tobin tax
Lawmakers throw their weight behind Tobin tax on financial transactions; say global difference of opinion should not stop Europe implementing levy
CPSS-Iosco proposes risk standards for CCPs
Central counterparties should be ready for failure of one or two largest customers, regulators suggest
Investors watch Saudi protests with interest
Sentiment in the bond markets has not been unduly affected by MENA tensions, but Saudi unrest could change that.
Deutsche Bank ETF gives investors returns from supporting charity
Deutsche Bank has taken its Global Fund Supporters ETF to London. The ETF provides exposure to those who support the charitable work of the Global Fund and in turn gives fees to the cause
Record highs for Greek CDS raise market concern
Greek sovereign risk continues to rise on haircut fears
Transition Management Forum Asia 2011: Asian market crowded, say transition managers
Transition managers question whether the number of them in the Asian market - 13 - is already too many.
Greek CDS spreads close to all-time high
Downgrade of Greece's credit rating widens spreads, while rest of eurozone remains steady
Dealers and issuers protest European ban on ‘naked’ CDS
Ban could harm government debt markets, according to UK DMO – dealers say any prohibition would backfire
Transition Management Forum Asia 2011: Costs of a failed transition outweigh efficiency benefits
Two keynote speakers at a transition management event in Hong Kong today warned that the costs of a failed asset transition far outweigh any potential efficiency gains and outperformance from a successful transition.
BarCap index captures systematic alpha from monetary policy
A new index that extracts value from the US dollar and euro yield curves by capturing the momentum in cross-market rate spreads has been launched by Barclays Capital.
Nomura launches India Local Government Bond index
The India Local Government Bond index is a tracking tool that investors can replicate in order to generate higher portfolio returns from liquid bonds.
Moody’s lowers Greece's credit rating
Greece's credit rating moved from B1 to Ba1 while spreads rise across eurozone periphery
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Cat risk – Solvency II standard formula is up to double industry view of nat cat risk
Standard formula is up to double industry view of nat cat risk
Solvency II DTA rules “unimaginable” – CRO Forum
Solvency II DTA rules “unimaginable” – CRO Forum
German finance ministry to lower guarantee rates below actuaries’ projections
German finance ministry to lower guarantee rates below actuaries’ projections