News
BNP Paribas tempts investors with forex basket
BNP Paribas has launched a commodity currency basket designed to promote foreign exchange and persuade investors of the benefits that come with the asset class
US puts Canadian pipeline decision on hold
The US Department of State has extended an inquiry into a major crude oil pipeline expansion that could transport 1.1 million barrels per day from Alberta, Canada, to refineries on the US Gulf Coast
Cebs updates op risk compendium; internal governance guide coming
Updated op risk compendium contains guidelines on op risk mitigation; internal governance guidelines on the way
Robeco: Bond ETFs hampered by low liquidity
Illiquidity in corporate bond markets make it hard for firms to generate index-like returns
Cesr reveals European financial markets risks, including double-dip recession worry
The Committee of European Securities Regulators (Cesr) has made public for the first time its analysis of trends, risks and vulnerabilities in financial markets
FTSE and CNBC launch Asia-Pacific blue-chip stock index
Index provider FTSE and news group CNBC have partnered in a venture to bring a blue-chip regional benchmark index that includes Japan to the Asia-Pacific market
ECB closes in on inferior collateral with new haircut scheme
European Central Bank’s new discount schedule increases haircuts levied on troublesome collateral, such as asset-backed securities; analysts expect move to discourage pledging of risky assets
Statoil stung by hedging derivatives losses
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
Changing Hats, August 2010
The movers and shakers in the op risk professions
Cesr outlines transparency plans for Mifid revision
European oversight committee lists advice on new financial market rules
UAE firm sues MD over bonuses
Claims director mis-stated profits in order to collect bonus
Daiwa boosts derivatives business with hire of Lo and Petit-Pasquier in Hong Kong
Daiwa Capital Markets has bolstered its expanding Hong Kong franchise with the recruitment of two more derivatives professionals
BP oil spill to boost alternative energy - fund manager
The fallout from BP's Gulf of Mexico oil spill will act as a boost for the alternative energy sector, says exchange-traded fund manager ETF Securities.
Deutsche’s Loh to run Asia CIB, including Japan and Australia
In Asia, Deutsche Bank's corporate and investment bank revenues account for more than 90% of total revenues, at €2.96 billion in 2009.
Investec launches boutique subsidiary to target wealth managers
Investec unveils its first boutique products aimed at the wealth and discretionary management market
Exclusive: Lloyds to seal raft of Norway energy deals
Lloyds Banking aggressively pushes into Norway with a range of energy financing deals for exploration and production (E&P), prepares to expands its Houston oil & gas team and looks at the European shale gas business
Basel counterparty risk charge to be reworked
Several aspects of Basel counterparty risk charge up for revision, including calibration and index hedges
CantorCO2e’s carbon closure signals consolidation
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected. Katie Holliday looks at whether CantorCO2e’s closure could be the first of many
Commodities ‘financialisation’ worries end-users
With recent statistics showing an increasing number of financial institutions jumping into commodities, Lianna Brinded investigates whether this will cause more risks to end-users
US regulator prepares to run with derivatives reform
Derivatives reform in the US has kicked off a new era for the CFTC, which will see a significant expansion of its authority under the updated regulatory regime, as Pauline McCallion reports
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