News
LCH.Clearnet considers revaluing $212 trillion swap portfolio
LCH.Clearnet could start using overnight indexed swap (OIS) rate curves rather than Libor to value its roughly $212 trillion swap portfolio, in response to changing market practice.
IMF weighs in to too-big-to-fail debate
Report looks at current proposals to deal with systemic risk and bank failures
Lehman takes aim at guarantee claims
Lehman Brothers Holding Inc (LBHI) confirmed yesterday in its bankruptcy disclosure statement that there are doubts over the validity of third-party and affiliate guarantee claims that cite a pledge by the holding company to take on its subsidiaries'…
Lee bows out at UBS in Hong Kong
Christopher Lee, head of risk management product (RMP) intermediaries at UBS in Hong Kong, has left the Swiss bank.
Senate Ag committee to take OTC derivatives transparency to new levels
New draft legislation on financial regulatory reform will require real-time reporting of derivatives trades to both regulators and the public, according to Blanche Lincoln, chairman of the Senate Committee on Agriculture, Nutrition and Forestry, who is…
Ex-RBS Sempra boss heads to UBS
UBS has hired former RBS Sempra Commodities head Kaushik Amin amid speculation that it will restart its commodities trading business
Chinese CDM project approval drops
The Chinese government's approval rate for Clean Development Mechanism (CDM) projects has dropped by over a third since December 2009, amid continued fears that Chinese CDM-generated Certified Emission Reductions (CERs) credits will not be allowed to be…
Liberal Democrats plan unilateral approach to bank pay reform
Lib Dem leader Nick Clegg has committed his party to punitive unilateral bank bonus regulations in the UK election race.
CFTC data shows speculators don't influence commodity markets
The US Commodity Futures Trading Commission’s (CFTC) re-aggregated data releases show speculation has minimal impact on oil price movements, according to investment bank Credit Agricole.
Cebs addresses next-generation AMA models
Paper seeks to harmonise rules for approving model changes under the advanced measurement approach (AMA)
Tories plan to phase out UK Renewables Obligation
The Conservative Party has responded to rumours it is preparing to overhaul the UK's renewable energy policy by confirming that, if elected, it will phase out the government's Renewables Obligation scheme.
IEA remains steady on global oil demand for 2010
The International Energy Agency (IEA) has stuck to its previous forecast for global oil demand in 2010, following two consecutive upwards revisions, but has lowered its 2009 estimates based on adjusted official data.
Iceland’s “grossly negligent” central bankers caused collapse: report
Much awaited parliamentary report singles out seven individuals including Icelandic central bank’s governing board trio as responsible for 2008 collapse of banking sector