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Measuring green risk
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Commission releases reports on fraud, AML and terrorist financing
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Dividend option market tipped for growth
Dividend swaps have been under pressure since the onset of the credit crisis, as fears of dividend cuts have caused the historically steep curve to flatten considerably. But, despite gloomy economic forecasts, the investor base appears to be expanding,…
Can the Icelandic meltdown be avoided?
Fears over the strength of the Icelandic banking system have caused the wholesale system to shut on Icelandic banks, prompting the country’s central bank to hike interest rates to record levels. At first sight, the initiative appears to have worked, with…
New governor overhauls South Korea's financial watchdog
Kim Jong Chang, the new governor of South Korea’s Financial Supervisory Service (FSS), has initiated a major shake-up of the country’s chief financial regulator aimed at cutting bureaucracy, streamlining operations and attracting talent from the private…
More than 50% of US companies unprepared for weather risk: report
Results of a survey carried out by CME Group, the world's largest derivatives exchange, and weather risk management originator Storm Exchange, have found that 51% of senior finance and risk managers concede that they are under prepared to cope with…
Calpers chief executive follows his CIO out of office
Fred Buenrostro, chief executive of the $244 billion California Public Employees' Retirement System (Calpers), has resigned, less than a week after the departure of the chief investment officer, Russell Read.
Babson appoints chief information officer
Babson Capital Management, based in Springfield, Massachusetts, has named Praveen Kumar as its new chief information officer.
Lehman makes global SWF push
Lehman Brothers has appointed Makram Azar to a new role as global head of sovereign wealth funds.
Deutsche succumbs to crisis with €141m Q1 loss
Deutsche Bank chalked up losses of €141 million for the first quarter of 2008, after digesting a €2.7 billion writedown on leveraged loan commitments, commercial real estate and residential mortgage-backed securitities (RMBS) exposures, the firm has…
Markit to launch synthetic municipal bond index
Markit plans to launch its Markit MCDX index on May 6, an index of 50 municipal bond credit default swaps (CDS).
New Record for Crude Amid Supply Disruptions
Crude Oil reached a new record of $119.93 a barrel in overnight electronic trading, up from $119.90 reached last week on the New York Mercantile Exchange (Nymex).
Swiss Re’s Conning to manage post 2012 fund
Conning Asset Management Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering EUR 125 million post-2012 Carbon Credit Fund.
KfW board changed in wake of IKB woes
Ingrid Matthaus-Maier has signalled her intention to retire in September from the board of KfW Bankengruppe, the Frankfurt-based federal German bank.
EC outlines changes to Capital Requirements Directive
The European Commission (EC) has launched a public consultation on over 50 technical changes to the Capital Requirements Directive (CRD), which sets out the regulatory capital financial institutions must hold to cover their liabilities.
Calyon appoints Arnold Kan for Hong Kong post
Calyon has named Arnold Kan as its deputy head of fixed-income markets for Asia excluding Japan.
Emerging markets could produce next boom-bust cycle
As regulators clamp down on securitised products, leveraged investors are racing to new markets. JP Morgan analysts say the crisis might be shifting leverage from structured products to emerging markets.
UBS and Merrill Lynch lose energy traders
The latest sub prime mortgage-related write downs at investment banks UBS and Merrill Lynch, have hit their energy trading arms, and a number of traders have resigned or been made redundant in recent days.
SEC charges trader with market abuse
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Solvency II: QIS4 second workshop underway
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AMI releases UK mortgage proposals
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