News
US Wrap: ABN and JP Morgan bank on financials
ABN Amro and JP Morgan both launched reverse convertible notes linked to banking stocks at the close of last week. ABN's note, referencing Citigroup stock, was the bank's only offering into the market. The six-month product pays an annualised coupon of…
Structured products preferred by advisers, says Morgan Stanley survey
Structured products have come top of the list of investment products financial advisers would recommend to their clients, according to a new survey by Morgan Stanley. Structured plans leapt two places from the bank's last survey in December 2008,…
Airlines use aircraft as alternative to cash in margin calls
Airlines with fleets of unencumbered aircraft are starting to use them instead of cash as collateral required for large margin calls in derivatives trades, such as fuel hedges.
CCX carbon credits may gain SPDC status
The Commodity Futures Trading Commission (CFTC) has issued a Notice of Intent to determine if the Chicago Climate Exchange's (CCX's) Carbon Financial Instrument (CFI) performs a significant price discovery function.
Shariah-compliant commodity trading platform launches
Trading on Malaysian commodity exchange Bursa Malaysia's Shariah-compliant commodity trading platform - Bursa Suq Al-Sila' - began today.
New US rates and forex derivatives heads at SG
Peter Toolan and Anna Faustini have joined Société Générale's US interest rates and foreign exchange derivatives team for corporates.
Fitch enhances analysis of banks' risk-based capital
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BBA confides competition fears over remuneration code
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Risk Europe 2009 -- Were You There?
A short video showing the highlights of the Risk Europe 2009 conference in Frankfurt in June.
SEC to set up specialised detection units
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US legislation for OTC derivatives market published
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US regulators told to expand stress-test programme
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US Wrap: ABN Amro joins reverse convertible rally
ABN Amro has launched 20 new reverse convertibles, giving further weight to the resurgence of the structure kicked off by Barclays earlier in the week when it launched 48 notes.
Distribution veteran joins Advisors Asset Management in US
Brian Jones has been hired by Advisors Asset Management (AAM), the broker dealer firm, as managing director of retail sales distribution, exiting his position as managing director, head of equity derivatives sales for the Americas at Macquarie Capital…
Basel liquidity standards due in December
The Basel Committee on Banking Supervision is set to unveil quantitative liquidity requirements for public consultation at its quarterly meeting in December, the co-chair of the committee's liquidity working group has told Risk News.
Uncertainty clouds Australia’s carbon trading proposals
The Australian parliament has rejected plans for an emissions trading scheme. The proposed Carbon Pollution Reduction Scheme (CPRS) failed to pass in a Senate vote, but the government plans to re-submit the proposal to the Senate before the United…
CDS spreads widen on financials
Market sentiment towards financials has worsened over the past week, with the cost of credit protection rising on US and European banks.
US Wrap: Calm after reverse convertible storm
Product issuance returned to its usual flow in the US market yesterday, with only three new reverse convertible notes coming in the wake of Barclays' 46 earlier in the week.
IAIS confirms ambition to develop global Solvency II standard
At least 17 national insurance supervisors have signed on to plans for an internationally harmonised regulatory insurance standard similar to Solvency II, the International Association of Insurance Supervisors (IAIS) has confirmed.
Isda declares first Small Bang restructuring credit event
The International Swaps and Derivatives Association (Isda) declared the first restructuring credit event to be settled under its Small Bang Protocol on August 12.
Shell and National Grid join UK consortium to build CCS plant
Royal Dutch Shell and National Grid have announced that they will join ScottishPower's carbon capture and storage (CCS) consortium which is in the process of submitting a bid to build the first CCS plant in the UK.
CarbonDesk opens for business
London-based emissions broker the CarbonDesk has obtained regulated status from the UK's Financial Services Authority (FSA) to begin trading futures, options and derivatives products on the global carbon markets.
US regulators told to expand stress-test programme
The US Treasury should expand its bank holding company stress-testing programme to include smaller firms, the Congressional Oversight Panel said on August 11.
DTCC and Markit ready for MarkitServ launch
London-based data provider Markit and the New York-based Depository Trust and Clearing Corporation (DTCC) are ready to launch MarkitServ - a joint venture to provide trade-processing services to the over-the-counter derivatives markets.