News
Credit Suisse hit with £5.6m fine
Daily news headlines
CRMPG III out with risk management report
Daily news headlines
CEBS addresses Basel II implementation issues
Daily news headlines
EU retail investors need more protection
Daily news headlines
Turquoise ready for take-off
Daily news headlines
Counterparty risk growing threat to global market, says study
Daily news headlines
Vendors form ERM initiative to meet S&P evaluations
Daily news headlines
Banks turn to transparency during turmoil
Daily news headlines
World Energy to host RGGI carbon allowance auction
US online exchange operator World Energy has signed a contract with RGGI Inc – an administrative subsidiary of the Regional Greenhouse Gas Initiative (RGGI) – to host its first auction for regional carbon dioxide (CO2) allowances.
RBS makes four hires for Asia-Pacific rates and currency
Royal Bank of Scotland (RBS) has made four senior additions to its rates and currency trading and structuring teams in the Asia-Pacific region.
£5.6m fine for Credit Suisse over mismarking
The UK Financial Services Authority has fined Credit Suisse £5.6 million for failing to stop mispricing by some of its structured credit traders.
BarCap names New York forex structuring head
Tim Davenport has joined Barclays Capital as head of foreign exchange structuring for the Americas.
Evolution launches catastrophe derivatives division
Environmental brokerage firm Evolution Markets has introduced a brokerage and transaction service to focus on the catastrophe derivatives market.
UK regulators propose remedies for future mortgage bank recoveries
As a result of the fallout from the crisis at Northern Rock, the UK Treasury, Bank of England and Financial Services Authority have produced consultation papers with recommendations on how to deal with similar episodes in future.
Indian Basel II brings mixed blessings for banks
Daily news headlines
DME sells equity stake to trading firms
The Dubai Mercantile Exchange (DME) has concluded the sale of a 20% equity stake in the exchange to six global financial institutions and energy trading firms.
Elmlinger exits Citi
Joe Elmlinger, New York-based head of global equity derivatives at Citi and a director of the International Swaps and Derivatives Association, has left the firm.
Citi creates retail structured products group
Citi has formed a global retail structured products group and appointed Richard Burns, previously head of equities structured products, to lead it.
MBIA results mask wider malaise
MBIA, the Armonk, New York-based monoline insurer, has reported net profits of $1.7 billion for the second quarter of 2008, compared with $211.8 million over the same period last year.