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China Aviation Oil suffers $550 million derivatives loss
Singapore-based China Aviation Oil, the supplier of nearly all of China’s jet fuel imports, has racked up $550 million in losses through speculative oil derivatives trades. This has forced the company to seek court protection from creditors while it…
FSA 'marginalised' on policy-making
Cover Story
Changing hats
MEASUREMENT ADVANCES
What's happening and when
WHAT'S COMING AND WHEN
US firms' approach to op risk 'wide-ranging'
REGULATORY UPDATE
Global banks concerned over host discretion
REGULATORY UPDATE
Briefs
REGULATORY UPDATE
New US op risk conference announced
COVER STORY
US regulators reject GAO's unification idea
REGULATORY UPDATE
First glimpse of CEBS's Pillar II at op risk event
REGULATORY UPDATE
Euronext debuts blue chip index
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Structured moves
People
News in brief
News
London to be world carbon market centre
The UK’s early move into carbon emissions trading means London is now well placed to become a world centre for the emerging carbon market, UK Environment Minister Elliot Morley said Wednesday.
China Aviation Oil hid US$390m derivative loss in struggle to survive
China Aviation Oil’s trading unit, China Aviation Oil (Singapore) Corp (CAOSCO) hid an initial US$390 million loss while its directors sought “white knights” to save it from liquidation, it emerged yesterday as the company announced an estimated US$550…