News
ICE & GlobalCOAL launch joint coal futures contracts
GlobalCOAL and IntercontinentalExchange (ICE), have joined forces to launch two new coal futures contracts on ICE Futures Europe
ECX's CER volumes hit 10 million+ tonnes
The European Climate Exchange says volumes of its certified emissions reduction futures hit over 10 million tonnes in the first 10 days after the March 14 launch
FSA warns of uncertainty over emissions
The UK’s Financial Services Authority (FSA) has warned of a lack of clarity regarding the regulation of emissions markets.
Worldwide investment banking revenues down 45% for Q1
Global investment banking revenues plummeted to $12.5 billion in the first quarter of 2008, a 45% decrease over the past 12 months and down 42% from the end of 2007, according to a report published on April 2 by London-based data provider Dealogic.
Moody’s bids to improve RMBS process
As the US subprime mortgage crisis shows little signs of relenting and few new securitisations are coming to market, the process of identifying what went wrong and how future calamities might be prevented has commenced.
New UK codes focus on TCF
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SFBC aims to raise capital requirements
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HKMA issues further AML guidance
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US financial regulatory structure poised for change
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Fannie Mae and Freddie Mac plan $200bn in mortgage purchases
US agencies ready to buy after housing regulator relaxes capital requirements
ECB repo facility 'may hinder securitisation market recovery'
Analysts warn that the European Central Bank's cheap funding is reducing banks' incentive to return to the public asset-backed securities market