News
Isda AGM: Industry associations publish principles for retail structured products
Five leading trade associations released a draft set of principles governing structured products for retail investors at the International Swaps and Derivatives Association’s annual general meeting in Boston yesterday.
Isda AGM: new board named
Isda named its new board of directors at its annual general meeting in Boston yesterday.
Isda AGM: Collateral requirements decreasing
The International Swaps and Derivatives Association published preliminary results of an analysis on credit risk among 18 of the largest derivatives dealers, during its annual general meeting in Boston yesterday. The final report is expected to be…
Dubai Mercantile Exchange delays launch by a month
The Dubai Mercantile Exchange (DME) has pushed back its launch date to June 1, subject to regulatory approvals of its clearing arrangement.
ICE launches Middle East sour crude contract
IntercontinentalExchange will go head-to-head with the Dubai Mercantile Exchange (DME) by launching a sour crude futures contract based on Middle East production.
DME launch delayed
The Dubai Mercantile Exchange (DME) today announced that it has delayed its launch by one month until June 1, 2007, subject to regulatory approvals of its clearing arrangement.
CDS market size hits $34.5 trillion, says Isda
The credit default swap (CDS) market has continued its rapid growth, rocketing to $34.5 trillion in notional outstanding by the end of 2006, according to the latest market survey by the International Swaps and Derivatives Association which was released…
Moody’s: European credit quality decline slowing, but no upturn expected
The decline of credit quality in western Europe slowed over the first quarter of 2007 due to strong economic growth especially in the financial sector, but an upturn in the credit cycle is not in sight this year, according to a report by Moody’s…
Isda AGM: Trichet calls for more transparency
Greater transparency is needed in the credit derivatives market to allow risk managers to understand the size, distribution and concentration of risks accumulated by participants, according to Jean-Claude Trichet, president of the European Central Bank.
Bear Stearns names new European heads
Bear Stearns has named two new heads of European operations, both to be based in London.
F&C hires for quant equity strategy desk
London-based F&C Investments has hired Erik Rubingh to recruit a quantitative equity investment strategies team.
Hong Kong Exchange lists six Lyxor ETFs
Hong Kong Exchanges and Clearing (HKEx) is listing six new exchange-traded funds (ETFs), including its first global and regional equity ETFs and the first ETFs on US equities and commodities.
ISDA adds coal annex to its Master Agreement
The International Swaps and Derivatives Association (ISDA) today announced publication of the ISDA Global Physical Coal Annex to the ISDA Master Agreement.
Credit Suisse issues first long/short CCO notes as Fitch launches CCO rating criteria
Credit Suisse has completed a $190 million issuance of the world’s first long-short collateralised commodity obligation (CCO) notes. The issue followed the April 17 publication of Derivative Fitch’s rating criteria for CCOs.
Mason joins Carlyle's Asian leveraged finance group
Eric Mason has joined the Carlyle Group as a managing director in the leveraged finance group.