News
Hedge fund op risk due diligence practice launched
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Pandemic risk: UK expects swine flu cases
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BCBS releases valuation and leverage report
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RBS fails to provide pay information
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Turner condemns 'rent seeking' banks
Adair Turner, chairman of the UK Financial Services Authority, has accused banks of using financial innovation "to extract economic rents rather than deliver services of real value to the real economy", and called for higher capital levels and…
FSF: Valuation techniques and leverage aggravate pro-cyclicality
Regulators should address the pro-cyclical effects of market-sensitive valuation practices and increasing leverage, according to the Financial Stability Forum (FSF).
ICE launches 20 OTC cleared oil contracts
IntercontinentalExchange (ICE) has introduced 20 new cleared OTC oil contracts, which will be available for clearing from May 18, 2009.
UK commodity fund opens Denver office
UK headquartered Ebullio Capital Management has opened an office in Denver, Colorado, to service demand from US investors for its commodity hedge fund.
Carbon trading volumes up but market value down in 2009
Trading volumes in the global carbon market grew by 37% in the first quarter of 2009, compared to quarter four of 2008, according to New Carbon Finance.
Brokerage launches online catastrophe price index
Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters have today launched the Willis Re Catastrophe Price Index.
CDSs on airlines widen on swine flu fears
The cost of credit protection on major airlines increased this morning, as fears mounted that tourism would decline due to the swine flu outbreak in Mexico.
European credit head leaves UBS
Henrik Raber, London-based co-head of European credit flow trading and sales at UBS, has left the bank.
UBS replaces head of investment banking
UBS has replaced its head of investment banking, Jerker Johansson, after 13 months in the role.
City of London defends OTC derivatives markets
Political pressure for reform risks crushing the over-the-counter derivatives market, warns a report published today by the City of London.
Auctions held on credit derivatives referencing three US companies
Three credit event auctions run by data vendor Markit and broker Creditex have determined final settlement values for credit derivatives trades referencing Missouri-based cable operator Charter Communications, Pennsylvania-based financial services firm…
Fed divulges process behind bank stress tests
The US Federal Reserve has released details of the methodology behind its Supervisory Capital Assessment Programme (SCAP), the recently concluded stress tests conducted by regulators to ascertain whether additional capital replenishment is needed at the…
EU parliament and Council approve rating agency regulation
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Level 3 committees respond to Commission
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Solvency II approved by European Parliament
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Fitch report explores concentration risk in Basel II proposals
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New FSA banking regulation aims to promote fairness for consumers
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OpRisk Europe: FSA condemns operational risk weaknesses
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Utilities call for early allocation of emissions
US utilities have called on Congress to allocate emissions allowances in the early years of a national cap-and-trade scheme during testimony before the House Energy and Commerce Committee yesterday.
No new coal without CCS, says Miliband
Energy secretary Ed Miliband announced yesterday that there will be no new coal plants built in the UK without carbon capture and storage (CCS) technology, in a move designed to place Britain at the forefront of technological developments.