News
Isda AGM: Rate of decrease in CDS notional falls
The rate of decrease in notional volumes of credit default swaps (CDSs) has slowed, according to the International Swaps and Derivatives Association’s year-end 2009 market survey, which was unveiled at its annual general meeting in San Francisco on April…
US SEC had suspected Stanford Ponzi scheme since 1997
A report from the US Securities and Exchange Commission (SEC) says the Stanford fraud was ignored for a decade because it was too big and too complex.
Risk.net readers back California's CDS reporting demand
A recent online poll found a small majority backing California's demand for banks to reveal their involvement in the state's credit default swaps.
Gazprom seals US LNG deal
The world’s largest natural gas company Gazprom has sealed a deal with US-based Sempra Energy that will allow Russia’s energy giant to supply liquefied natural gas (LNG) to another US receipt terminal and further broaden its client base and its reach in…
Dealers warn of risks of forced allocation in OTC clearing
Clearing houses could cause large losses for their members if they don't put limits on portfolio allocation, dealers think.
Russia targets CLS inclusion by 2015
Settlement risk in Russia's ruble is preventing the currency realising its global ambitions
Cloud computing security and compliance issues challenge banks
Financial services firms, wary of cloud computing, are looking to a new hybrid public-private cloud strategy to ease concerns.
Reform bill passes Ag Committee before full Senate debate
The US Senate Committee on Agriculture, Nutrition and Forestry has approved the Wall Street Transparency and Accountability Act, containing some of the strongest derivatives reforms proposed since the financial crisis.
Swiss tighten liquidity rules for biggest banks
Swiss Financial Market Supervisory Authority and the Swiss National Bank clamp down on UBS and Credit Suisse through stricter liquidity regime
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
China’s oil demand rise won’t tighten global supply
China’s apparent oil demand rose by 12.8% in March this year, following the expansion of refining capacity and rapid growth in the Chinese economy, but this does not indicate that global supply will tighten, say analysts.
Europe jet fuel price recovering as flights resume after volcanic ash ban
The Europe-wide flight ban resulting from volcanic ash clouds has cost the jet fuel market 500,000 tonnes-worth of demand this month, with logistical congestion expected to remain until the end of the week.
Regulation places 'huge burden' on US community banks
American Bankers Association warns of growing burden of regulation on small banks
Why banks must prepare for a 'black ash' event
Erupting volcanoes do not often show up in scenario plans for financial services firms but they might do from now on.
Breaking up banks could increase instability, research finds
Banking systems with small numbers of large banks are more stable and less likely to undergo crises, according to World Bank and NBER economists.
Goldman criticised over CDO after SEC lawsuit
Goldman Sachs has been sharply criticised for arranging a synthetic collateralised debt obligation (CDO) at the centre of a lawsuit filed by the US Securities and Exchange Commission (SEC) last week.