News
FDIC extension gives breathing space to banks
The difficulties banks are facing in borrowing capital are ample justification for extending the TLGP scheme, say observers. Indeed, there are calls for the scheme to become more permanent
Limits to growth for Russian forex derivatives exchanges
The decline in the rouble led to a boom for Russian derivatives exchanges earlier this year, but local conditions mean growth is unlikely to continue.
Put spreads play part in the taming of the skew
The recent popularity of put spreads and put-spread collars has helped push down volatility skew to record lows on global equity indexes, according to dealers.
CFTC launches risk management committee
The Commodity Futures Trading Commission (CFTC) has established a Risk Management Advisory Committee to make reports and recommendations on risk management issues in markets under the regulator's jurisdiction.
CDS spreads tighten further on US financials
The cost of credit protection on US banks fell in early European trading today.
UK gang makes £3.5m from cloned credit cards
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Regulators square up to leverage ratio challenge
Bank supervisors are increasingly advocating the introduction of a gross leverage ratio as a restriction on the growth of assets relative to capital, but the biggest challenge will be to create an internationally consistent measure under diverse…
Reilly to head SwapClear at LCH.Clearnet
LCH.Clearnet has appointed Joe Reilly to lead its SwapClear service, which provides clearing for over-the-counter interest rate swaps.
Talf requests plunge $3bn to $1.7bn in latest funding round
Demand for loans under the US Treasury's Term Asset-Backed Securities Loan Facility (Talf) has dropped precipitously since the scheme opened in March.
CDS spreads tighten on US financials
The cost of credit protection on US banks fell in early European trading today, while sentiment also improved towards Irish financials following yesterday's announcement of a government asset purchase scheme.
Tear-ups reduce $5.5 trillion of outstanding CDSs, TriOptima says
Swedish technology firm TriOptima has eliminated outstanding credit default swap (CDS) trades worth $5.5 trillion so far this year through its triReduce service, the company said today.
Swiss banks reveal record money-laundering levels
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CDS 'big bang' could see 18% increase in tear-ups, Markit says
Changes to credit default swap (CDS) contracts due to come into force on April 7 could result in an upturn in trade-compression activity, according to market information provider Markit.
Concerns over political influence overshadow FASB's changes to fair value
US auditors and investors are concerned that accounting standards are being dictated by politicians rather than independent standard setters.
Corbat appointed chief of Citi Holdings
Citi has appointed Mike Corbat as chief executive of Citi Holdings, which includes brokerage and asset management, local consumer finance and a pool of toxic assets that are partly covered by a loss-sharing agreement with the US government.
CDS spreads widen on Asian sovereigns
The cost of credit protection on east Asian sovereigns rose in early European trading today, despite predictions from the World Bank that China's economy will bottom out by mid-2009, offering a ray of hope for the region.