News
Sectoral CDM proposals spark debate
In the run up to key climate negotiations in Copenhagen in December the EU has surprised the carbon market with vehement backing of a redesigned CDM. Roderick Bruce investigates
First agricultural swap on CME Clearport
Starsupply Renewables, a biofuels and agricultural commodities brokerage, has successfully brokered the first ever cleared swap for an agricultural product using CME ClearPort.
New York may up RGGI allowances
New York State may decide to allocate more allowances under the Regional Greenhouse Gas Initiative to ease the cost burden on compliance buyers, finds Pauline McCallion
Top executives leave RBS Sempra
Executive departures were planned and commodities remain core, according to statements from RBS and Sempra Energy
European bank CDS spreads tighten further
Market sentiment remained bullish on European financials this morning, following a $1.1 trillion global economic stimulus package promised last week by the G-20 leaders.
G-20 creates Financial Stability Board from FSF; frees up $1.1 trillion for IMF
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IMF supports fight against AML with $31m fund
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Best practice recommendations seek to restore investor confidence
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G20 fires starting gun on global systemic risk regime
A declaration by the Group of 20 leading economies (G20) fleshed out plans for a global regime of systemic risk regulation, “covering regulated banks, shadow banks and private pools of capital to limit the build-up of systemic risk”.
Basel Committee ready for new members
The Basel Committee on Banking Supervision is set to confirm the appointment of seven new members within the next fortnight, according to a senior committee official.
RBS names Aguais as credit portfolio analytics head
Royal Bank of Scotland (RBS) has appointed Scott Aguais as head of credit portfolio analytics for the credit risk executive team in the global banking and markets division.
CDSs on European financials tighten after G-20
The cost of credit protection on European financial institutions fell this morning following the end of the Group of 20 leading economies (G-20) summit in London yesterday.
Rabobank appoints leaders for revamped structured products group
Dutch banking group Rabobank has appointed three new heads for its newly integrated structured products group.
Fund managers switch focus to risk transparency
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Cebs issues guidelines for European colleges of supervisors
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Accounting boards: Spain's dynamic provisioning not the way forward
International accounting standard setters have warned that accounting for dynamic provisioning – rainy-day funds banks build up in good times to absorb losses in economic downturns – should not be recorded against profit and loss (P&L), as it is in Spain.
Emissions drop shows carbon markets are working, says Point Carbon
A 6% decrease on annual global emissions in 2008 in comparison to 2007 shows that the carbon markets are working, according to Point Carbon analysts.
CDSs on European banks narrow as stock markets rally
The cost of credit protection on European banks began to fall this morning following data from the US showing the rate of decline in the US manufacturing sector is decelerating, coupled with reports of UK house prices rising for the first time since…
Solvency II passed without group support
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Massachusetts charges Fairfield Greenwich for "profound" due diligence failings
The Commonwealth of Massachusetts has charged New York-based hedge fund Fairfield Greenwich Group over allegations of a "profound disparity" between the due diligence the firm told investors it had conducted into Bernard Madoff, and the actual checks it…