News
Cesr proposes Europe-wide disclosure of short positions
Investors across Europe could be compelled to reveal short positions in any stock, under draft rules published today by the Committee of European Securities Regulators (Cesr).
UK government moves to resolve supervisory turf war
In his long-awaited banking white paper published today, UK Chancellor of the Exchequer Alistair Darling has attempted to draw a distinction between the tripartite authorities, creating a Council for Financial Stability to promote better co-ordination of…
CFTC prepares to limit energy speculation
The US Commodity Futures Trading Commission (CFTC) may limit speculative trading in energy products and other commodities, CFTC chairman Gary Gensler said yesterday.
Pickens Plan hit by transmission issues
Oil tycoon T. Boone Pickens has confirmed reports that he is to shelve plans to build the world's largest wind farm in Texas and will funnel the resources into smaller projects instead.
E.ON and GDF Suez fined for market sharing
The European Commission has fined Germany's E.ON and GDF Suez of France €553 million each for agreeing not to compete in each others markets between 1975 and 2005.
NRG deals another blow to Exelon takeover attempt
NRG Energy has rejected Exelon Corporation's latest bid, saying it significantly undervalues the company.
Updated: Light at the end of the tunnel for Russian JI
The Russian government is discussing an important step towards clarifying regulatory procedures for JI projects, according to market participants.
Carbon traders reject EDF Energy’s price floor calls
Carbon market participants have criticised calls by EDF Energy chief executive Vincent de Rivaz for a carbon price floor.
HSBC strategy chief warns of dangers of 'over-regulation'
Regulators must be careful not to damage the profitability of the financial services sector by excessively increasing capital and liquidity requirements, according to Antonio Simoes, group director of strategy at HSBC.
Cebs publishes guidelines on liquidity buffers
Financial institutions must hold substantial buffers of liquid assets such as cash to enable them to get through a period of at least one month of liquidity stress, according to new guidelines published by the Committee of European Banking Supervisors …
Cebs consults on liquidity buffers
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Q&A: Ceiops' secretary-general supports EC reforms
In an interview with Risk , Carlos Montalvo Rebuelta, secretary-general of the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops), backed the European Commission's plans to replace it with a new supervisory authority that…
EU derivatives plan welcomed, but lacks detail
Market participants have expressed support for the European Commission's communication on over-the-counter derivatives, published on July 3, but called for more solid research on some of the policy proposals in the report.
Almost all SIV assets now sold off, Fitch says
The structured investment vehicles (SIVs) at the heart of the credit crisis have now disposed of 95% of their $400 billion in assets, according to analysis released today by credit rating agency Fitch Ratings.
UPDATED: CFTC plans speculation clampdown
The Commodity Futures Trading Commission (CFTC) will hold public hearings in July and August to discuss the need for federal position limits to be imposed on energy futures traders.
Recession drives carbon trading says report
The global carbon market has grown despite the economic slowdown, a report has shown. Global carbon market volumes grew by 124% and by 22%, in terms of value, in the first half of 2009, according to a report by market analysis firm Point Carbon…
UBS merges quant group
UBS has merged its fixed income, currencies and commodities (FICC) and equity quantitative analysis teams, bringing them under the umbrella of the newly created investment banking (IB) quantitative analysis group, according to a leaked internal memo.
FSA threatens to treble fines
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Ceiops issues second set of Solvency II Level 2 CPs
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Cesr calls for evidence on use of credit ratings in the EU
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US Wrap: Morgan Stanley mixes fund and index for multiple exposure
The recent momentum in the US structured products market continued to the end of last week, with 13 new issues launched on Friday. Among the offering was an unusual six-month trade from Morgan Stanley which gives exposure to both European and emerging…
CDS premiums boost option participation in structured products
Participation rates and coupons in structured products are being boosted by premiums from credit default swaps (CDS) sold on sovereign and corporate entities, say dealers.
NYSE Liffe’s CDS clearing platform in doubt
The central clearing service for credit default swaps (CDS) offered by London-based derivatives exchange NYSE Liffe is “under review”, an official at the firm told Risk .