News
Gensler voted in as CFTC chairman
Gary Gensler, US President Barack Obama's choice for chairman of the Commodity Futures Trading Commission (CFTC), was confirmed by the US Senate on May 19 by 88 votes to six.
BarCap hires equity derivatives flow sales head
Timothy Last, former head of equity derivatives sales for the Asia-Pacific region at Merrill Lynch in Hong Kong, has taken on the role of head of equity derivatives flow sales for Asia excluding Japan at Barclays Capital.
CDS spreads widen on automakers
The cost of credit protection on Japanese automakers fell in European trading today, while also dropping on US and European financials.
UK Treasury Committee criticises FSA approach to bonuses
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Cesr: More market abuse guidance needed
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New FASB standards threaten off-balance-sheet vehicles
The US Financial Accounting Standards Board (FASB) has completed new rules on off-balance-sheet holdings that will compel US companies to consolidate on balance sheet billions of dollars of assets previously kept in special-purpose entities (SPEs).
CME Group to launch cleared petroleum swaps
CME Group will launch a clearing service for eight new Nymex petroleum swap futures contracts on May 31.The contracts will be cleared through CME Clearport and are expected to appeal to both US and European airline industry for hedging and to the US…
CDS spreads tighten on financials
The cost of credit protection on US financials continued to fall in European trading today, while sentiment was also positive towards European banks.
Norway to sell 12.7 million EUAs in 2009
The Norwegian Ministry of Finance has announced it will sell 12.7 million EUAs this year through Barclays Capital.
CDS spreads tighten on US banks
The cost of credit protection on US financials fell in European trading today.
US to regulate OTC derivatives
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DOE announces $2.4bn in CCS funding
US Energy Secretary Steven Chu has awarded $2.4 billion from the American Recovery and Reinvestment Act to the development of carbon capture and storage (CCS) technology.
Insurer CDS spreads tighten on Tarp promise
Market sentiment improved significantly towards US insurers after the Treasury granted permission to a select number of firms to raise billions of dollars through the government's Troubled Asset Relief Programme (Tarp).
BlueNext and Markit announce new carbon index
Environmental exchange BlueNext has announced that it will form a strategic partnership with financial information provider Markit, to create a range of emission index products.
US Treasury outlines OTC regulation plan
The Obama Administration has proposed a regulatory framework for all over-the-counter (OTC) derivatives contracts.
Société Générale promotes Cassot as Joubert departs for BarCap
Société Générale Corporate and Investment Banking (SG CIB) has appointed Vincent Cassot as head of equity derivatives research, after previous head Arnaud Joubert left the bank to join Barclays Capital.
Isda's Handjinicolaou moves to Hellenic Capital Markets Commission
George Handjinicolaou, the deputy chief executive officer and regional director for Europe, the Middle East and Africa (EMEA) at the International Swaps and Derivatives Association, has joined the Hellenic Capital Markets Commission (HCMC).
CDSs on European and US banks continue to widen
The cost of credit protection on financial institutions increased today across Europe and the US. The move came after the Bank of England's quarterly inflation report showed UK GDP growth was slower than expected in the first quarter of 2009 yesterday,…
Morgan Stanley fined over $120m mismark
The UK Financial Services Authority has fined Morgan Stanley £1.4 million for failing to supervise one of its prop traders, allowing him to mismark a portfolio of illiquid credit products by $120 million last year.
Regulators and exchanges prepare for boom in carbon trading
As the Obama administration moves closer to introducing a cap-and-trade system for controlling greenhouse gases, US regulators and other players are preparing for steep growth in the emissions market.
Cebs: Bank stress-testing results to remain secret
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Basel releases guidance on wire-transfer messages
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European CDS dealers closer to restructuring solution
European derivatives dealers have agreed on a provisional framework to integrate restructuring as a credit event into the auction process for the cash settlement of credit default swaps (CDSs), taking the market a step closer to central clearing.
Icap launches iron ore broking service
Interdealer broker Icap has set up an iron ore derivatives broking service based in London.