News
SEC investigates first CDS insider trading case
Losses and Lawsuits
NY attorney-general delves into BoA-Merrill merger
Losses and Lawsuits
SEC swoops on hedge funds
Losses and Lawsuits
Obama administration favours a single banking regulator
Daily news headlines
US arrests man for $7 million US Ponzi fraud
Daily news headlines
CEBS: bank disclosures lack detail
The level of disclosure in the 2008 annual reports of major banks was better than the preceding year, but there is still much room for improvement, the Committee of European Banking Supervisors (Cebs) said on May 28.
SEC charges brokers with CMO fraud
The US Securities and Exchange Commission (SEC) has charged 10 brokers from California-based Brookstreet Securities - a now-defunct broker-dealer - with fraud for mis-representing the risks involved in collateralised mortgage obligations (CMO) to…
LCH.Clearnet to offer SwapClear to the buy side
London-based clearing house LCH.Clearnet discusses with Risk its plans to make the SwapClear over-the-counter interest rate swaps clearing platform available to buy-side clients in the fourth quarter of this year.
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
Singapore and Indian commodity exchanges unite
The Singapore Commodity Exchange Limited (SICOM) and the National Commodity & Derivatives Exchange Limited (NCDEX) based in India have signed a heads of terms agreement that will allow certain products to be traded and cleared in both exchanges.
Macquarie to acquire Canadian energy firm
Macquarie Group has announced a C$116 million agreement to acquire Tristone Capital Global, a Canadian energy advisory firm, and create an integrated energy platform offering advisory, capital markets, research and trading expertise.
Adaptation Fund sells first CERs
The World Bank's Adaptation Fund has sold its first Certified Emission Reductions (CERs) as part of its CER monetisation programme.
CDSs tighten on US financials
The cost of credit protection on US banks fell in Asian and European trading today.
PPIP banks may be able to buy rivals' toxic assets
The US Treasury's behind-schedule Public-Private Investment Program (PPIP) could face difficulty in attracting banks to participate in the scheme, while policymakers are considering whether to allow banks to buy each other's assets.
FSA stress test results will not be disclosed
Daily news headlines
IASB proposes simplifying fair-value measurement
The International Accounting Standards Board (IASB) has sought to simplify its standards on fair-value measurement, bringing International Financial Reporting Standards (IFRS) further into line with US Generally Accepted Accounting Principles (Gaap).
FSA stress tests banks for four-year downturn
Banks in the UK must stress test their capital levels against a "worst-case" recession more severe than any since World War II, the Financial Services Authority revealed today.