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Brokers consider breaking Mifid laws
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CESR publishes responses to the rating of structure finance instruments
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US firms not disadvantaged by Sox, claims Oxley
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Credit fears subdued by BoA investment in Countrywide
Dealers believe the $2 billion investment by Bank of America in troubled California-based mortgage lender Countrywide Financial helped ease credit worries during morning trading in Europe.
Banks lean on support loans
Several large investment banks have taken advantage of easier lending terms from central banks, aimed at increasing liquidity in the wake of the subprime crisis.
Bear Stearns recruits credit derivatives staff
Bear Stearns has made a number of credit derivatives hires in London.
SIV-lite vehicles take massive hit from S&P
Rating agency Standard & Poor's (S&P) has made spectacular downgrades to two structured investment vehicle-lites (SIV-lites), which combine collateralised debt obligation structures with short-term funding common in SIVs.
Some 42% pass CFA exams worldwide
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MiFID Connect issues further guidance for firms
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Nymex confirms sale talks
Following months of heightened speculation, Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex) has released a statement confirming it has been in “preliminary” talks to be purchased.
Half of US firms unhappy with risk effectiveness
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Citi, Hanwha withdraw applications for Korean OTC licences
US dealer Citi and Seoul-based Hanwha Securities last month withdrew their applications for over-the-counter (OTC) derivatives licences in South Korea, the country’s highest level of dealing licence. The firms applied for the licence in June, along with…
Deutsche poaches Grenfell from Macquarie as Asia commodities head
Simon Grenfell has left his position as a global co-head of the commodity markets division at Macquarie Bank in London to join Deutsche Bank in Singapore as head of commodities for Asia.
Close Brothers enters futures business
London-based investment bank Close Brothers has taken a 49.9% stake in Mako Global, a market-maker in exchange-traded derivatives.
FSA calls for more robust safeguards of consumer data
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Commission updates Mifid Q&A
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Central banks act again as credit crisis continues
Central banks have acted today to increase liquidity in money markets, as the US subprime meltdown continues to have effects around the world.