News
Moody’s KMV launches loan mark-to-market tool
Moody’s KMV has launched a new web-based analytics tool that allows loan portfolio managers to value loans called CreditMark.
Prmia and Zoologic form risk training partnership
The Professional Risk Managers International Association (Prmia) has teamed up with a US financial training company, Zoologic, to offer customised financial training to risk managers.
Prebon re-enters credit derivatives market
Prebon Marshall Yamane has opened a credit derivatives desk in London, having sold its original team to CreditTrade, the online credit derivatives trading portal, in February 2000.
Nymex expands listings for gold and silver
The New York Mercantile Exchange (Nymex) will extend the length of long-dated gold and silver option contracts to 60 months from February 25. The previous limit was 24 months.
Deutsche closing gap on Citi?
Deutsche Bank could be about to close the forex-earnings gap with rival Citigroup, if foreign exchange figures match the 33% dollar-terms improvement in its debt group, announced last week, reports Risk's sister publication FX Week .
Morgan Stanley forex co-head retires
Morgan Stanley has made Philip Newcomb sole global head of foreign exchange, following the retirement of Peter Murray at the end of January, reports Risknews ' sister publication FX Week . Murray, who was based in London, and Newcomb, based in New York,…
IASB to create advisory group
The International Accounting Standards Board (IASB) is investigating the establishment of an advisory forum, following comments from euro official Frits Bolkestein last month that standards for the treatment of derivatives are still unsuitable for…
Eurex US opens for business
Eurex US, the American arm of the European futures exchange, began trading in Chicago at 7pm CST on Sunday night, having been given clearance to begin operations on February 4.
BoA promotes veteran to head of forex
Bank of America (BoA) has filled the role of head of global foreign exchange with the internal promotion of Christiane Mandell. Based in New York, she will keep this role for the enlarged bank following the forthcoming merger with FleetBoston Financial.
Tradition widens Credit Access with Moneyline
Swiss inter-dealer broker Tradition is responding to user demand for data on the fast-growing credit derivatives market by distributing its credit derivatives prices over Moneyline Telerate, according to RiskNews ' sister publication Inside Market Data …
IndianOil to use derivatives
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Morgan Stanley buys Duke’s trading book
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CGE will face antitrust suits: rival
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Ferc addresses reliability
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Ex-Merrill Lynch energy trader pleads guilty to fraud
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University of California adds four to Enron lawsuit
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Nybot in Nymex sights
The New York Mercantile Exchange (Nymex) plans to buy the New York Board of Trade (Nybot) as part of its expansion and acquisition drive, according to Nymex president Robert Collins.
CFTC amends rules governing FCMs
Futures commission merchants (FCMs) in the US will be permitted to enter into repurchase agreements and collateral management programmes using customer-deposited securities, following a rule amendment by the Commodity Futures Trading Commission (CFTC).
SGX traders launch proprietary trading venture
Traders on the Singapore Exchange (SGX) have formed an in-house proprietary trading venture to increase market liquidity. The Arbitrage Project, a limited company, will begin trading on February 9 and will consist of eight proprietary traders.
Barclays Capital strengthens in forex sales
Barclays Capital has hired two directors to work in the foreign exchange sales team. The UK-based bank said it would focus on broadening US corporate sales coverage.
RBS nabs securitisation head from Merrill Lynch
Vincent Dahinden, former head of corporate securitisation and collateralised debt obligations (CDOs) at Merrill Lynch in London, has joined Royal Bank of Scotland (RBS).
Basel II will reduce securitisation by banks, but won’t alter bank ratings, says Fitch Ratings
The implementation of the more risk-reflective Basel II will reduce the attraction of securitisation as a means of lowering banks’ regulatory capital requirements, but is unlikely to change the ratings of originating banks, according to a special report…