News
Bloomberg launches derivatives valuation service
Bloomberg has launched a derivatives valuation service that aims to increase transparency and flexibility in the market
Derivatives growth slowed over crisis, BIS finds
Growth was flat in several interest rate and forex derivatives categories between 2007 and 2010
Risk Australia: Basel III being hijacked by politicians in Europe and US; ABA chief slams levy buffer as tax 'export’
Australian bankers attending Risk Australia in Sydney were worried that reforms aimed at supporting other countries' financial sectors may weigh heavily on their own shoulders.
Exelon expands into wind generation
Exelon could become one of largest US wind generators after an $860 million acquisition of John Deere Renewables, but wind advocates remain concerned about the sector's development without a national renewable energy standard
Spanish debt office in negotiations on credit support annex thresholds
Government agency looks to alleviate funding costs for bank counterparties in swaps transactions.
Ramsay named as SEC trading and markets deputy
US Securities and Exchange Commission appoints replacement for Gallagher
Retail brokers win US leverage battle
The US CFTC leverage rules on retail foreign exchange transactions less harsh
Deutsche Bank adds Joshi to buildout
After resigning Barclays Capital on July 9, Dixit Joshi, formerly head of equities for Emea and Asia-Pacific at the UK bank has joined Deutsche Bank in a similar role
China’s coal dependency raises hedging costs for Europe
As China’s appetite for energy grows, analysts say the country’s lack of carbon emissions protocols or ability to use cleaner fuel will result in higher carbon emissions hedging costs for European companies
Risk Australia: Banks ignored uncertainty in run-up to crisis
Pay more attention to unknown unknowns, Debelle advises
Risk Australia: Banks move to more liquid assets
More government bonds and changes to Treasury policy to make funding more secure
Commerzbank builds FX globally
Commerzbank has made key hires in sales and trading across Asia, Europe and the US as it strengthens its global FX business, the bank said on August 25.
Too much expected of central banks: CentralBanking.com poll
CentralBanking.com poll shows more than 66% of readers think monetary authorities cannot be expected to boost growth and protect price stability
Updated Isda CDS novation process to boost efficiency while minimising risk
Revised rules replace laborious consent-then-confirm novation process
Danish pension funds hit out at cross-subsidy regulation
PKA and Sampension say cross-subsidy regulation threatens Danish pension system
Aegon rescue aid contingent on VA hedging programme
EC makes variable annuity hedging a factor in Aegon bailout approval decision
Lack of credit for dynamic hedging in QIS 5 driven by ideology, not economics
Old Mutual questions the lack of capital credit for dynamic hedging in QIS 5
Man’s $21bn quant fund sees no need for high frequency trading
AHL, the managed futures single manager of Man Investments, says it sees no need to participate in the high-frequency area to secure alpha from its trend-following strategy.
UK FSA targets transaction reporting failures
Failures in transaction reporting and record keeping under Mifid a key concern for the UK regulator