News
ECB may extend full allocation tenders into 2011
Any withdrawal of liquidity by the ECB at year-end would cause major uncertainty, say bankers
SGX and LME partner on metals futures launch
The London Metal Exchange (LME) and the Singapore Exchange (SGX) have joined forces to launch cash-settled mini monthly metals futures contracts to be traded and cleared on the SGX
Credit trends prompt energy data management rethink
A new awareness of the importance of monitoring credit risk alongside market risk has prompted a need for better risk aggregation within energy companies, according to experts
Industry disputes lack of RES support in US energy bill
The latest US Senate energy bill has been criticised for omitting a renewable energy standard (RES), which drafters felt would not attract the 60 votes needed to pass the bill
Daiwa appoints heads of fixed income and debt capital markets
Vince Purton becomes Daiwa head of debt capital markets for Europe and the Middle East, and Chris Brown becomes deputy head of fixed income, also for Europe and the Middle East
Solvency II “not as comprehensive as US regulation” says New York insurance chief
Lack of Federal oversight should not be obstacle to equivalence, says key state regulator
Trading positions – August 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
LCH.Clearnet may offer 'lite' membership to sovereigns
Clearer's plans to create a special membership category for central banks and other sovereigns could undermine CCPs' risk-mutualisation model, rivals claim
Cross-border collateral may alleviate dollar funding strains: Emeap
Executives’ Meeting of East Asia Pacific Central Banks says crisis revealed shortcomings in regional money markets; swaps deals, cross-border collateral could alleviate some problems
Nigerian official says oil exports not at risk
Nigeria’s oil minister has dismissed market reports that the country’s oil supply will dramatically tighten following insolvency rumours and major plans for offshore drilling
States press on with emissions scheme as US Senate shelves cap-and-trade
US congressional gridlock over a federal cap-and-trade scheme has left regional programmes to continue the development of a nationwide patchwork of strategies to reduce carbon emissions
RBS lands BAML structured products sales team
RBS hires four Bank of America Merrill Lynch sales staffers in Hong Kong, including Abhinav Gorawara
Basel III leverage ratio compromise ‘temporary’
Architect of Hong Kong dollar currency peg believes regulators outside Asia must do more to address threat from 'shadow banking'
UK Treasury regulatory reform paper hints at potential industry costs
More details emerge on how the new regulatory regime in the UK will be structured
Liquidity critical to OTC clearing, argue dealers
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants
M&G slams Cebs stress tests
Fund manager criticises sovereign risk assumptions and raises Basel III fears
BAML tinkers with tradable volatility index for tail risk hedging
Bank of America Merrill Lynch has developed a liquid volatility index for institutions which are seeking a systematic tail risk hedge.
More than 2,500 UK end-users at risk of fines over carbon rules
More than 2,500 UK end-users could be stung with a hefty fine from the UK government, as a substantial number of executives at the country’s top firms admit they are unaware of the mandatory CRC Energy Efficiency Scheme, reveals a new report
Portuguese debt office agrees to post collateral to its dealers
Agency becomes one of first developed-market sovereigns to succumb to dealer pressure as costs of one-way collateral postings grow
HSBC bolsters ETF range with emerging markets offering
HSBC has listed a Brazil ETF in London as it builds its fledgling ETF operations and expands into European markets
US insurers and pension funds seek to hedge deflation
Extra inflation hedging demand driving split between derivatives and cash market pricing
Legal & General creates CRO role
UK insurer promotes group financial controller to oversee risk management
New York Fed names bank supervisor
Sarah Dahlgren to succeed William Rutledge at end of year
Key Basel III decisions due as oversight board gathers
Governors and heads of supervision will review recommendations brought forward from July 14-15 Basel Committee meeting