News
CDS spreads push out as bailout drags on
The cost of protection on some of the world’s largest dealers surged on Friday as uncertainty grew over the US government’s $700 billion plan to purchase devalued assets from financial institutions.
ALM Europe: "Stress testing must be overhauled"
The future of financial risk management will be determined by stress testing, but the methods used are in desperate need of an overhaul, delegates at the Risk ALM Europe conference in London heard today.
FSA publishes path to Solvency II
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US Treasury bail-out plan hits the rocks
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WaMu collapses, assets bought by JP Morgan
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Global bank supervisors endorse sound practice standards for liquidity risk
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Call for Risk technical papers
Risk invites contributors to join the ongoing debate within the quant community on topics particularly relevant in the current market situation. The Cutting Edge section welcomes the submission of technical articles and brief communications investigating…
Parity launches new platform
Parity Energy, a New York-based brokerage, has launched the latest version of its online trading platform, Parity Energy Platform 3.0 (PEP 3.0).
Bailout saga pushes CDS spreads ever wider
After another tumultuous 24 hours that saw talks stall on the US government’s $700 billion plan to purchase devalued assets from financial institutions and the forced closure of Washington Mutual, credit default swaps (CDSs) for major dealers continued…
JP Morgan acquires Washington Mutual
JP Morgan has stepped in to acquire Washington Mutual for $1.9 billion, after the Seattle-based bank was closed by US regulators on Thursday evening.
Stress testing next on the agenda for Basel Committee
With the need for more qualitative assessments of risk becoming ever more paramount in the wake of the credit crisis, the Basel Committee for Banking Supervision is working on a consultation paper on stress testing.
Strain eases on interbank lending
After a turbulent week, pressure on the interbank lending markets eased today as further injections of liquidity were announced and talks on the US financial rescue package resumed.
FSA issues £1.1 million fine to mortgage lender
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Clients kept in the dark over data breaches, says survey
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APX Group buys Endex
Amsterdam-based exchange operator APX Group has purchased fellow Dutch energy exchange company Endex for an undisclosed fee, and plans to merge the two businesses.
Isda survey points to slowing credit derivatives market
The notional amount of outstanding credit derivatives dropped 12% to $54.6 trillion at the end of June 2008, from $62.2 trillion at the end of 2007, according to the mid-year market survey from the International Swaps and Derivatives Association (Isda).
FBI investigates Lehman, AIG, Fannie and Freddie
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Regulation of CDS market ‘will be counterproductive’
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UK calls for greater global regulation and curbs on executive pay
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MTFs ally to end dependence on LSE data
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Cebs releases market crisis statement
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Paulson pitches rescue deal to House committee
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CDS spreads widen further following bailout delays
Credit default swap (CDS) spreads on financial institutions widened on September 23, as uncertainty grew over the US government’s plans to purchase $700 billion of devalued assets from financial institutions.
EDF to buy British Energy
French utility EDF has agreed to pay £12 billion for nuclear generator British Energy. EDF has also signed a memorandum of understanding with Centrica that will allow the UK utility to take a 25% stake in British Energy for £3 billion.