News
Pockets of growth for weather derivatives sector
While activity in the general weather risk market declined in 2008/2009, Asian and European markets showed growth, according to the Weather Risk Management Association (WRMA).
Convergence on securitisation is vital, ESF told
A prominent securitisation lawyer has criticised the lack of convergence between regulatory bodies with regard to securitisation regulation.
BIS: decline slowing on derivatives exchanges
Volumes continued to fall on international derivatives exchanges this year, but there are signs of recovery, according to the latest figures from the Bank for International Settlements (BIS), released today.
Credit Suisse strengthens Asia-Pacific equity derivatives
Credit Suisse has appointed Min Park and Ken Pang as co-heads of equity derivatives and convertibles for the Asia-Pacific region. Both men will be based in Hong Kong and report to Osama Abbasi, head of Asia-Pacific equities.
Derman: Overreliance on modelling "the biggest sin"
Modelling of collateralised debt obligations had descended into "a dark secret love of inappropriate mathematical elegance" in the months leading up to the financial crisis, according to Emanuel Derman, head of risk at US investment firm Prisma Capital…
Swedish banks' CDS spreads widen
The cost of credit protection on Swedish financials rose sharply in early European trading today, as concerns over loans made to Latvia grew.
Investec Guaranteed FTSE Plan given facelift
Investec has changed the payoff profile of its Guaranteed FTSE 100 Plans, as part of the launch of its ninth collection of structured products covering investment, accumulation and income plans. The Guaranteed three-year FTSE 100 Plan 9 has two options…
US Wrap: JP Morgan launches kickout on gold equity fund
JP Morgan has unveiled a new autocallable note linked to the Market Vectors Gold Mining ETF. The 18-month investment will pay a coupon of 5.25-6.25% if the fund is at 100% of its initial level after three months. If not, the product will continue to its…
Companies increase commodities hedging
Companies around the world are now hedging 55% of their commodity exposure as a result of increased volatility and the global financial crisis, according to a survey by Connecticut-based research consultancy Greenwich Associates.
OTC carbon volumes increase by over 80%
The London Energy Brokers' Association (LEBA) has announced that over-the-counter (OTC) carbon volumes have grown by 82% during the first five months of 2009, compared to the same period last year.
FSA official warns banks off buying securitised products
Banks will have to review their motivations for buying securitised products, a leading official at the UK Financial Services Authority (FSA) has warned.
Toxic loan PPIP purchases postponed, feared dead
The purchase of distressed whole loans using taxpayer funds under the US Treasury's Public-Private Investment Program (PPIP) has been postponed, the Federal Deposit Insurance Corporation (FDIC) has announced, raising speculation that the scheme might be…
Berkovitz named CFTC general counsel
Dan Berkovitz has taken over the role of general counsel at the Commodity Futures Trading Commission (CFTC) at the request of Gary Gensler, the regulator's recently appointed chairman.
CDS spreads tighten on US commodity firms
The cost of credit protection on Texas-based oil and gas companies fell in early European trading today, while spreads tightened on US financials.
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
OMG commits to new clearing and reporting targets
The Operations Management Group (OMG) on June 2 outlined its latest targets to improve the operational infrastructure of the over-the-counter derivatives industry.
Credit market won't be fazed by GM bankruptcy, say analysts
Despite its size, the largest industrial bankruptcy in US corporate history is unlikely to have much of an effect on the credit derivatives markets, suggest analysts.
CME Group launches ethylene futures clearing services
CME Group has launched clearing services for a new Mont Belvieu ethylene futures contract, available June 14 for trade date of June 15.