News
Isda launches final stage of hard-wiring auction settlement
Daily news headlines
Iosco updates rating agencies' implementation of code of conduct
Daily news headlines
Basel Committee says banks need higher capital and dynamic provisioning
Daily news headlines
New members will boost surveillance, FSF says
Thirteen new members will improve the Financial Stability Forum's (FSF) ability to identify emerging systemic risks, the forum's secretary-general Svein Andresen said yesterday.
FCStone disposes of loss-making energy account
FCStone Group, an integrated commodity risk management firm, expects losses of $110m from an unnamed customer's energy trading account, which it disposed of this week.
Commodities on Bclear from March 30
Exchange NYSE Liffe will offer clearing for a range of soft and agricultural commodity products on its over-the-counter (OTC) trade confirmation, administration and clearing platform Bclear on March 30. Bclear was launched in 2005 and currently offers…
European financials hit by further decline in confidence
European financial institutions experienced a further decline in market sentiment today, while the cost of credit protection on sovereign debt fell in intraday trading.
CME Group one step closer to CDS clearing
US exchange operator Chicago Mercantile Exchange (CME) Group has come one step closer to entering the credit derivatives market by signing a deal to clear credit default swaps (CDSs) on financial information services company Markit's CDX and iTraxx…
"People should be very frightened of the FSA" warns Hector Sants
Daily news headlines
New heads for Freddie Mac after $50 billion losses
US government-supported mortgage buyer Freddie Mac has named its new chairman and chief executive, after reporting a loss of $50.1 billion for 2008.
Isda launches hardwiring supplement for CDS settlement auctions
In its final move to incorporate the settlement of credit default swaps (CDS) with cash auctions into standard contracts, the International Swaps and Derivatives Association published its auction settlement supplement today.