News
New CEO for Fannie Mae
Michael Williams has been appointed president and chief executive for US mortgage lender Fannie Mae.
CDS spreads widen on US financials
The cost of credit protection on major US banks rose further in early European trading today as the market exercised caution over the recent flurry of positive first-quarter earnings.
Cebs releases finalised remuneration principles
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Economic slowdown is top risk facing global businesses
The economic slowdown, regulatory/legislative changes and business interruption have been identified as the top three risks facing companies in the 2009 Global Risk Management survey conducted by risk management consultancy Aon.
CDS spreads widen on US financials
The cost of credit protection on major US banks rose today despite continued positive first-quarter earnings.
TriOptima targets swaps tear-up for mainland China and Taiwan
Swedish post-trade services group TriOptima plans to launch renminbi and new Taiwan dollar interest rate swaps (IRS) termination services in the second half of this year. The company currently offers its services across 19 currencies, including seven…
SG CIB tries to fix variance swap flaws
In the wake of hefty losses for sellers of variance swaps as volatility spiked last year, Société Générale Corporate and Investment Banking (SG CIB) is touting products that might make selling variance more palatable for investors.
ANZ appoints Australia CRO
Australia and New Zealand Banking Group (ANZ) has made two appointments in its risk management department, who will report to the bank's chief risk officer Chris Page.
ETFs resilient despite downturn, according to BGI
Exchange-traded funds (ETFs) continue to hold up well in the face of the recent economic downturn, according to research on the industry covering the first quarter of 2009 by San Francisco-based Barclays Global Investors (BGI).
Bafin launches market abuse probe
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Liquidity regulation to cost £700 million and 15 man-years of work
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FSA publishes proposals for liquidity risk standards
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Tarp banks rush to repay to avoid regulatory scrutiny
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First cleared iron ore swap on Singapore Exchange
Singapore Exchange (SGX) will launch the world's first cleared iron ore OTC swap contract on April 27 th .
Canadian report calls for national cap-and-trade scheme
The Canadian government should establish a national carbon pricing policy through an economy-wide cap-and-trade scheme, according to policy development committee, the National Round Table on the Environment and the Economy (NRTEE).
CFTC prepares for carbon regulation role
The Commodity Futures Trading Commission (CFTC) today announced the expansion of its existing energy committee to create the Energy and Environmental Markets Advisory Committee (EEMAC) in anticipation of a national carbon trading scheme.
EPA finding could lead to GHG regulation
The Environmental Protection Agency (EPA) today issued a proposed finding that greenhouse gases contribute to air pollution that may endanger public health or welfare.
CDSs on US banks tighten on JP Morgan profit
The cost of credit protection on major US banks fell yesterday in the wake of JP Morgan posting a first-quarter profit of $2.1 billion.
Citigroup swings to profit in Q1
Citigroup saw $1.59 billion in net income in the first quarter of 2009, compared with a net loss of $8.29 billion in the fourth quarter of 2008, and of $5.11 billion in the corresponding quarter last year.
Short-selling ban increased volatility more than credit crisis
The bans on short selling imposed in the US and Europe in 2008 had more effect on market volatility in off-limit stocks and equity markets than the financial crisis itself, a new study has concluded.
Defaults to rise as IMF predicts slow recovery
Default rates and credit costs are expected to rise this year, a survey of credit portfolio managers found, as the International Monetary Fund predicted a severe recession and sluggish recovery.
JP Morgan investment banking reports record profits
Today, JP Morgan reported that it earned $2.14 billion in the first quarter of 2009, a decline from the corresponding period last year when it saw a net income of $2.4 billion.
Q&A: Russia's chief bank supervisor explains Basel II delays
Alexey Simanovsky, director of banking regulation and supervision at the Bank of Russia, updates Risk on Basel II compliance and other risk management issues affecting the local market.
Cross returns to SEC as director of corporate finance
The US Securities and Exchange Commission (SEC) has appointed Meredith Cross as its new director of the corporate finance division.