News articles on risk management, derivatives and complex finance - Risk.net

Regulation

Crisis could spread to equity and commercial property, Bank of England warns

The credit crisis has highlighted serious shortfalls in transparency and risk management among UK banks, and could still spread to affect the equity and commercial property markets, the Bank of England warned today.

25 Oct 2007

Structured products

Master conduit trio joined by Wachovia

Wachovia has joined Bank of America, Citi and JP Morgan in a plan aimed at restoring calm to the troubled structured investment vehicle (SIV) sector.

25 Oct 2007

People

Lehman appoints new heads of equity and debt capital markets

Lehman Brothers has appointed David Erickson as global head of equity capital markets and Christopher Winchenbaugh as global head of debt capital markets, both newly created positions.

25 Oct 2007

Foreign exchange

Credit crisis puts a dent in Moody’s profits

24 Oct 2007

Technology

BQuotes releases UIN database

24 Oct 2007

Structured products

BNP and Grosvenor close first Italian property derivatives deal

BNP Paribas has closed the first Italian property derivatives deal with the UK property company Grosvenor.

24 Oct 2007

Exchanges

CFTC pushes for greater oversight

The Commodities Futures Trading Commission (CFTC) has issued a report to Congress recommending that its oversight ability be expanded across electronic trading facilities known as Exempt Commercial Markets (ECMs), which include the electronic…

24 Oct 2007

Infrastructure

Raging California wildfires trigger transmission emergency

The California Independent System Operator Corporation (CAISO), which operates California’s open-market wholesale power grid, has issued a transmission emergency warning following four days of wildfires that have sparked the biggest US evacuation since…

24 Oct 2007

Exchanges

CFFEX nears launch as first members announced

The China Financial Futures Exchange (CFFEX) has named its first clearing and trading members.

24 Oct 2007

People

New head of risk at NYSE Regulation

NYSE Regulation, the oversight arm of the New York Stock Exchange, has named Frederic Krieger as head of its new risk group.

24 Oct 2007

Foreign exchange

Merrill Lynch reports $5.6 billion losses on FICC business

Merrill Lynch has reported $5.6 billion losses for its fixed-income, currencies and commodities (FICC) business in its third-quarter 2007 results.

24 Oct 2007

People

Société Générale expands DCM team

Two senior staff have joined Société Générale's debt capital markets (DCM) team in Europe.

24 Oct 2007

Structured products

RBS to take Cheyne SIV

Royal Bank of Scotland has won exclusive rights to restructure Cheyne Finance - a structured investment vehicle (SIV) managed by Cheyne Capital Management, the London-based hedge fund and collateralised debt obligation (CDO) manager.