News
Mexico’s Pemex looks to shale gas development
Mexico’s main energy company Pemex says it is looking to replicate the US’s success in shale gas by entering the lucrative industry in its own country
Basis risk no barrier to longevity securitisation say experts
Academics and JP Morgan team show how to mitigate exposure from differences between population mortality rates
Dodd-Frank sees processing firm as 'swap execution facility'
Markit/DTCC joint venture will register as designated swap execution facility under US financial reform, despite having no plans for trade execution
Property derivatives fail to offer hedge options against price collapse
The development of a property derivatives market in Asia stalled during the financial crisis of 2007-2008 and has failed to regain any real momentum, presenting a gloomy outlook for the business. But some parties believe the introduction of retail…
Henderson recruits Griffiths as credit analyst
Henderson recruits Griffiths as credit analyst
JP Morgan slashes commodity desks
Fate of other prop desks unclear ahead of enactment of Volcker Rule
Liquidity regulation forces transfer pricing models rethink
The cost of building liquidity buffers will ultimately flow through to clients.
JP Morgan’s Asia commodities chief Dawe quits
Oral Dawe built up JP Morgan's commodities business into one of the largest platforms in Asia since joining the US bank from Goldman Sachs in 2008.
Dodd-Frank: devil is in the detail on bonus transparency requirements
US banks must consider disclosure rules for CEO and median pay packages
CIC gets Fed approval for Morgan Stanley stake
The Chinese sovereign wealth fund has committed to the US Federal Reserve that its interest in Morgan Stanley will remain a passive investment and that it has committed to not exert controlling influence over the bank
Crédit Agricole moves Lainé to lead financial institutions group in Asia
Crédit Agricole CIB names Frédéric Lainé as head of financial institutions, considered a key strategic client segment for the bank. Graham Willams has been promoted to head fixed income for Asia ex-Japan.
France to tighten commodity derivatives regulation
France has warned the European Commission that it will tighten its commodities derivatives regulation to prevent the risk of big swings in commodities prices
Focus on banks’ incentives must continue post-crisis: Bank’s Bean
Bank of England deputy governor Charles Bean says crisis focus on bank incentives must remain; financial market problems require macroprudential instruments
Santander IT collapse leaves A&L customers unable to access accounts online
Bank suffers IT gliches while loading Alliance & Leicester accounts onto Santander system
US regulators assess rating agency alternatives
FDIC's Bair says agency ratings being inappropriately used as substitute for due diligence
UK FSA bans director amid insurance fraud crackdown
Andrew Jeffery banned and fined over insurance fraud failings
Lehman, HSBC could face lawsuit over Hong Kong minibonds
US judge rules holders of minibonds may sue
HSBC faces money-laundering investigations by US regulators
Admits is is likely to face enforcement action
Barclays stumps up $298 million after evading sanctions
US district court judge not happy about "sweetheart deal"
Bloomberg launches derivatives valuation service
Bloomberg has launched a derivatives valuation service that aims to increase transparency and flexibility in the market
Derivatives growth slowed over crisis, BIS finds
Growth was flat in several interest rate and forex derivatives categories between 2007 and 2010
Risk Australia: Basel III being hijacked by politicians in Europe and US; ABA chief slams levy buffer as tax 'export’
Australian bankers attending Risk Australia in Sydney were worried that reforms aimed at supporting other countries' financial sectors may weigh heavily on their own shoulders.