News
CDS: Citi, MS lead spreads wider
Credit default swap 5-year mid-levels for structured products issuers (August 27)
CDS: Narrowing trend continues
Credit default swap 5-year mid-levels for structured products issuers (August 26)
Central bank insurance could prevent crises
Central banks should insure bank assets against systemic crises to avoid another financial panic, according to a proposal presented at the Federal Reserve's Jackson Hole symposium last week.
FDIC seeks feedback on SPV FASB accounting changes
US regulatory authorities are to consult financial institutions over impending changes to accounting principles that could bring billions of dollars in off-balance-sheet conduits and other vehicles back onto bank balance sheets, ramping up firms' capital…
Spectron launches iron ore desk
Commodities brokerage Spectron has launched an iron ore trading desk covering global iron ore swaps markets.
US Wrap: RBC chases reverse convertible flurry with autocallable
Royal Bank of Canada (RBC) has chased its bumper issuance of reverse convertible notes with a kick out product linked to the S&P 500 index. The note will redeem with a return of 13.25% if the S&P 500 is at or above its initial level when the product…
Australia gives go ahead to LNG project
Australian federal environment minister Peter Garrett has granted approval for the Gorgan Project, one of the world's biggest liquefied natural gas (LNG) developments.
DTEK creates European electricity trading platform
Ukrainian fuel and energy provider DTEK has created a subsidiary company, Power Trade, enabling it to trade and export electricity to Europe and the Commonwealth of Independent States (CIS).
Kroeker officially takes over SEC chief accountant role
James Kroeker has been appointed chief accountant at the US Securities and Exchange Commission (SEC), after having held the role on an interim basis since January.
Bernanke receives Obama approval for second term
US President Barack Obama has given his support to Ben Bernanke, the chairman of the Federal Reserve, for a second term as head of the regulator.
Denis Hughes to head New York Fed for rest of 2009
The board of governors of the US Federal Reserve System has chosen Denis Hughes to be chairman of the Federal Reserve Bank of New York for the remainder of 2009.
Risk liquidity requirements diverge across borders
Daily news headlines
FSA launches hedge fund regulations study
Daily news headlines
Market questions UNG's influence
The US Natural Gas Fund (UNG), an exchange-traded fund (ETF) that tracks the prompt-month US natural gas price by buying Nymex futures and Nymex / ICE Henry Hub swaps, has caused controversy by building up a large market position.
Traders debate position limits at CFTC hearings
The CFTC announced plans to investigate the need for firm position limits in the energy markets on July 7, 2009.
Financials could face carbon curbs under Senate proposals
Senators could call for curbs on who can participate in the carbon market created under the American Clean Energy and Security Act (ACES) when it is considered by the Senate after the August recess. It was passed by the House of Representatives on June…
CDS: Spreads narrow again
Credit default swap 5-year mid-levels for structured products issuers (August 25)
US Wrap: RBC brings reverse convertible total to 35
Royal Bank of Canada (RBC) has brought its total reverse convertible count in the US market to 35. The bank has broadened its scope to include the stock of exchanges as underlyings in the new clutch of notes, including Nasdaq and NYSE Euronext.
Risk Australia : Prudent Australia in bid to steer global risk policy
Australia appears to have escaped the worst of the global financial crisis but senior bankers, leading academics and a representative from the Australian Treasury speaking at Risk Australia 2009 in Sydney today stressed there is no room for complacency…
CLS: US-Canada forex settlement due in 2010
CLS Bank, the multi-currency cash settlement system provider, is aiming to settle same-day US dollar/Canadian dollar and US dollar/Mexican peso currency trades by the end of 2010, according to chief executive Rob Close.
Calmer markets reflected in VAR figures
Lower volatility across asset classes in the second quarter of the year produced lower value-at-risk figures at almost all major banks, according to a Risk survey.