News
Big business responds to Australia’s carbon proposals
A report launched today by the Australian Business and Climate Group (ABCG) has highlighted that plans for an Australian emissions trading scheme (ETS) will not, on their own, be a sufficient response to meet future emissions targets.
Subprime crisis forces carry trade unwinds
Recent turmoil in the credit markets caused by US subprime mortgage woes has spread to the foreign exchange market, with abrupt adjustments in the values of currencies indicating that some investors have been unwinding carry trade positions over the past…
S&P president departs as criticism of rating agencies continues
Kathleen Corbet, the president of rating agency Standard & Poor's, has resigned.
RBS adds Nordea trio in financing and risk solutions
Royal Bank of Scotland (RBS) has added three staff from Stockholm-based Nordea to its financing and risk solutions team.
Judge overturns Enron distressed debt ruling
Daily news headlines
UK pensions still exposed to volatile equities
Many UK pension schemes still face pension deficit volatility as a result of mismatches between assets and liabilities, according to a report by Mercer Human Resource Consulting.
Subprime crisis "worse than 1998", says S&P
The continuing crisis in US subprime mortgages could be worse for the market than the 1998 Russian default, according to rating agency Standard & Poor's.
Layoffs at RBS herald tough times for CDO bankers
Royal Bank of Scotland has laid off a quarter of its New York collateralised debt obligation team, following the departure of Rick Caplan, the bank's co-head of CDOs, earlier this month, in what could be the first of a wave of cuts in the structured…
Rating agencies assess money markets
In two conference calls last week, Fitch Ratings and Moody’s sought to capture the effect of the commercial paper (CP) market's lack of liquidity on the wider banking outlook.
Patriot Act due diligence rules finalised
Daily news headlines
SEC names market surveillance chief
The US Securities and Exchange Commission (SEC) has confirmed Mark Lineberry as head of its office of market surveillance.
Lithuania to auction EUAs
The Lithuanian Environmental Investment Fund is to offer 552,000 EU Allowances (EUAs) for online auction.
Rothwell departs BarCap for JP Morgan
Giles Rothwell will join JP Morgan as global head of structured investments distributor marketing in November, leaving a similar position at Barclays Capital, where he has spent the past 11 years.
Two new hires at BNP London
BNP Paribas has added another researcher to its credit team, and has recruited a risk adviser for its corporate fixed-income group.
Bear Stearns names head of European fixed income
Yves Leysen has taken over as sole head of fixed income for Bear Stearns in Europe, after the departure of John Moore.
Banks using ‘discretion’ to report loan losses
Daily news headlines
FinCEN releases new BSA/AML manual
Daily news headlines
DIFX boosts structured products
The Dubai International Financial Exchange (DIFX) has opened its new structured products platform for retail trade, and added products based on local underlyings for the first time.