News
Isda takes first steps to settle Dura CDS
The International Swaps and Derivatives Association has released a protocol for settling credit derivatives on Dura, the US auto parts producer that filed for bankruptcy on October 30.
Deutsche Börse merger talks with Borsa Italiana break down
Frankfurt-based securities and exchange operator Deutsche Börse has pulled out of merger talks with Milan-based Borsa Italiana, after failing to agree on moves towards a joint venture.
Regional co-operation and micro and macro supervision are key to EMEA financial stability
Extra prudential pillars must bolster Basel pillars in Asian markets, says HKMA deputy chief executive.
LME rolls back Select after upgrade fault
The London Metals Exchange will abandon an upgrade to its LME Select electronic trading system, after a fault disrupted trading several times this week.
FSA warns of default risk
The growing use of credit derivatives and the rise of private equity mean that a large-scale default could be a much more complex and serious event in the future, according to the UK Financial Services Authority.
Autos and telecoms dominate CDS trading again
Automobiles in the US and telecom companies in Europe were again the busiest sectors of the credit default swap market in October, according to a report from the US interdealer broker GFI.
ABN Amro launches new UK structured products business
ABN Amro has launched a new UK-based business to provide easy access to innovative structured products through a regulated fund vehicle.
Bear merges European debt and equity origination
Bear Stearns’ European division is merging its debt and equity origination groups into a new capital markets group.
ISE hits out at CBOE on exclusive index option listings
The New York-based International Securities Exchange (ISE) is challenging the exclusive listing of two major index options on the Chicago Board Options Exchange (CBOE) through a formal complaint.
Calpers increases hedge fund exposure to $4 billion
Sacramento-based California Public Employees’ Retirement System (Calpers) has announced plans to increase the size of its hedge fund investments to as much as $4 billion by the end of this year.
Vontobel and T-Systems launch securities processing service
Swiss bank Vontobel and Frankfurt-based technology services provider T-Systems have launched a joint securities processing platform targeted at banks with operations in Switzerland and Liechtenstein.
UBS to launch European electricity and gas trading business
UBS plans to launch a European power and gas trading desk in the first quarter of 2007.