News
Nord Pool Spot plans to restructure Lithuanian electricity market
Norwegian derivatives exchange Nord Pool Spot and Lithuanian Transmission System Operator (TSO) Lietuvos Energija have announced plans to restructure the Lithuanian electricity market by January 1, 2010.
Switzerland adopts a 20% carbon reduction target
The Swiss government has announced it will cut GHG emissions to levels 20% below 1990 levels by 2020.
New OTC markets regulation "could damage businesses"
Regulatory attempts to reduce systemic risk within the financial sector should not extend to non-financial sector companies, according to the London-based Association of Corporate Treasurers (ACT).
Financial CDS spreads stable
Market sentiment towards financials has been steady over the past week, with the cost of credit protection largely unchanged on US and European banks.
Ernst & Young survey shows risk management bigger, but not better
NEW YORK - Actions taken by firms to strengthen their risk management procedures are too often proving ineffective and possibly counter-productive, a survey has revealed.
CDS: Citi, MS lead spreads wider
Credit default swap 5-year mid-levels for structured products issuers (August 27)
CDS: Narrowing trend continues
Credit default swap 5-year mid-levels for structured products issuers (August 26)
Central bank insurance could prevent crises
Central banks should insure bank assets against systemic crises to avoid another financial panic, according to a proposal presented at the Federal Reserve's Jackson Hole symposium last week.
FDIC seeks feedback on SPV FASB accounting changes
US regulatory authorities are to consult financial institutions over impending changes to accounting principles that could bring billions of dollars in off-balance-sheet conduits and other vehicles back onto bank balance sheets, ramping up firms' capital…