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Daiwa announces new structured products head
Japanese investment bank Daiwa SMBC has announced the appointment of Martial Rouyère to the new position of head of retail structured products, based in London.
Cebs seeks comment on op risk guidelines
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FSA hands Aon record £5 million fine for financial crime failings
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Bank CDSs drop to pre-Lehman levels
The cost of credit protection on a number of US and European financial institutions has returned to levels recorded prior to the collapse of Lehman Brothers on September 15.
Dugan: more US banks will fail in 2009
In an exclusive interview with Risk , John Dugan, the US Comptroller of the Currency, said he expected more US banks to topple in the year ahead.
Obama plans alternative energy boost
US President-elect Barack Obama has pledged to double alternative energy production over the next three years and construct a new smart grid as part of an economic stimulus plan.
Russia gas dispute hits European markets
Two days of Ukrainian natural gas transit flow cuts, combined with cold weather, have sparked a rise in both short and medium term European natural gas prices.
CME launches dual listing of oil and gas options
CME Group has announced the dual listing of financially settled crude oil, Brent crude oil and natural gas calendar spread options on the New York trading floor and ClearPort Clearing.
Stress tests were ignored in lead-up to crisis, Basel risk head says
Banks around the world ignored and marginalised the severe stress tests that could have prepared them for the crisis, according to Klaas Knot, the head of the Basel Committee's risk monitoring and management group.
NCDEX launches gold and silver contracts
India's second largest commodity exchange, the National Commodity and Derivatives Exchange (NCDEX), added gold and silver futures contracts to its portfolio at the end of December 2008. According to the exchange, the contracts were launched in response…
Chief risk officer at Anglo Irish Bank resigns
William McAteer, the chief risk officer and finance director at Anglo Irish Bank, became the latest senior figure to tender his resignation at the troubled Dublin-based firm on Wednesday (January 7).
Fed expands MMIFF
The Federal Reserve has expanded its Money Market Investor Funding Facility (MMIFF) to include a wider range of money-market investors.
New board for European Primary Dealers Association
Stanislas de Caumont of Credit Suisse and Gunter Fluyt of ING will co-chair the new executive board of the European Primary Dealers Association (EPDA).
Capgemini and BWise collaborate on GRC strategy
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BPS and RiskBusiness announce integrated GRC platform
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Basel Committee addresses stress testing
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Charges recommended for securities settlement failures
US Treasuries dealers should start imposing penalty charges on counterparties that fail to deliver securities on time, an industry group has recommended.
$428bn of Tarp funds to be exhausted by end of year
This year the US government will distribute $180 billion under the Troubled Asset Relief Program (Tarp) on top of the $248 billion it gave to financial institutions in 2008, the US Congressional Budget Office (CBO) predicted yesterday.
Russian gas exports to Europe via Ukraine halted
Exports of Russian natural gas to Europe through Ukraine have now been completely halted, according to statements from Ukraine's Naftogaz and Russia's Gazprom.
CDSs tighten on automakers, sovereigns
The cost of credit protection on automakers fell in early trading today, despite dramatic drops in December sales figures.
European talks stall on CDS clearing
The European Commission's initiative to move the majority of over-the-counter credit default swaps (CDS) onto central clearing facilities has stalled after failing to get written commitments from certain parties.
Kroeker steps up to succeed Hewitt at SEC
The US Securities and Exchange Commission has named James Kroeker to succeed Conrad Hewitt as acting chief accountant.
Deutsche hires Japan prime-broking head
Masakazu Yanagisawa has joined Deutsche Securities in Tokyo as head of global prime finance sales for Japan, a post that had been vacant for some time. He was previously head of prime brokerage and capital introductions for Japan at Merrill Lynch.
SEC in the dock as Congress investigates Madoff fraud
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