News
Ice launches US CDS clearing service
Atlanta-based derivatives exchange IntercontinentalExchange (Ice) launched its credit default swap (CDS) central clearing platform on March 9 after receiving the green light from the Securities and Exchange Commission (SEC) on March 6.
Low recovery rates set for Aleris International LCDS
Final settlement values for credit derivatives trades referencing Ohio-based aluminum products manufacturer Aleris International were determined during an auction held today by data vendor Markit and broker Creditex.
Credit Suisse chairman moves to Swiss Re
Walter Kielholz has resigned as chairman of Credit Suisse, to be replaced by the vice-chairman, Hans-Ulrich Doerig.
Industrials strengthen but US financials weaken on CDS markets
Bond insurance on industrial companies worldwide grew cheaper today, but several financials saw their credit weaken.
SEC to revamp whistle-blower process
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Op risk moving to heart of management decision-making
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Iosco report recommends improved global supervision of commodity futures
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Risk South Africa: more transparency needed to end crisis
Government programmes aimed at ending the global financial crisis require greater transparency to shore up investor confidence, said Robert McAdie, global head of credit strategy at Barclays Capital.
CDS spreads widen on eastern European sovereign debt
The cost of credit protection on the senior debt of some eastern European states rose again in early trading today, while also rising on European insurers.
UK's Darling proposes EU super-regulator for micro-prudential supervision
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Economists draw up G-20 policy proposition
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FSA chief expected to announce new prudential oversight body
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Cuomo subpoenaed Merrill execs on bonuses
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FSA facing compensation claim
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Brokerage launches environmental arm
Phoenix Partners Group, an interdealer credit and equity derivatives broker, has launched an environmental brokerage service for the worldwide renewable energy and emissions markets.
HKEx takes Lehman hit, holds onto top spot in derivatives warrants turnover
Hong Kong Exchanges and Clearing (HKEx), the holding company for both the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange, has held onto its position as the world's number one exchange, chief executive Paul Chow said on Wednesday.
Bank of England reveals £75 billion asset purchase programme
The Bank of England plans to buy up £75 billion of assets over the next three months, including medium-term government bonds (gilts) in the secondary markets and commercial paper from the private sector.
IASB amends fair-value disclosure
The International Accounting Standards Board (IASB) has amended disclosure requirements for the fair-value measurement of financial instruments, further aligning International Financial Reporting Standards (IFRS) with US Generally Accepted Accounting…
Iosco aims to boost oversight on commodity futures
Today, the International Organisation of Securities Commissions (Iosco) published guidelines for improving the transparency and supervision of commodity futures markets.
Confidence in European insurers drops
The cost of credit protection on the subordinated debt of European insurers rocketed in early trading today.
New contracts for difference disclosure regime approved
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Basel Committee to look at Tier 1 capital quality
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Isda to publish auction settlement supplement
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Basel Committee to look at Tier 1 capital quality
The Basel Committee on Banking Supervision is preparing radical changes to its rules on capital quality, including a 'soft target' of 75% for equity capital - up from 50% today - and the possible abolition of two-tier capital, according to a senior…