News
SEC investigates first insider trading CDS case
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First insider-trading case for CDS market
On May 5, the US Securities and Exchange Commission (SEC) filed the first civil action for insider trading involving credit default swaps (CDS).
ICFR appoints Michel Prada to board
The International Centre for Financial Regulation (ICFR) has appointed Michel Prada to its board as a non-executive director with immediate effect.
Bair: US should pull back from Basel II
The US should back away from the "highly problematic" Basel II framework and instead turn its attention to fine-tuning the current Basel I Accord, Federal Deposit Insurance Corporation (FDIC) chairman Sheila Bair said yesterday.
Credit market buoyant in the face of stress tests
Market sentiment towards US financials improved in European trading despite continuing speculation that some US banks will need to raise significant amounts of extra capital.
FSA warns firms to address swine flu
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La Meer launches integrated operational risk software for hedge funds
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Iosco blames crisis on rush for yield
Poor incentives, inadequate oversight and a drive for high yield were behind the crisis in the credit market, and securitisation in particular, according to a paper issued today by the International Organisation of Securities Commissions.
Credit derivatives market will follow equity's lead, strategist says
After the collapse of securitised products over the past two years, the credit derivatives market is likely to become more similar to the equity derivatives market, according to Sivan Mahadevan, global head of equity and credit derivatives strategy at…
Australia's carbon scheme delayed to 2011
The Australian government has delayed the start of its Carbon Pollution Reduction Scheme (CPRS) to July 2011 and announced a more ambitious emissions reduction target for 2020.
CME to launch grain calendar spread options
The CME Group has announced calendar spread options for corn, wheat, soybeans, soybean meal and soybean oil futures will be available to trade on the exchange from June 1, 2009.
Biofuels get boost from clean energy revolution
The US Government has announced plans designed to boost the use of advanced biofuels through research, investment and the national Renewable Fuel Standard (RFS).
CDS spreads widen on Korean financials
The cost of credit protection on Korean banks tightened significantly in European and Asian trading today, while remaining steady on US and European financials.
Japan and EU meet for high-level talks
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UK Treasury Committee report angers banking industry body
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Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Banks await verdict from capital adequacy tests
US authorities prepare to release results of a series of stress tests conducted on 19 financial institutions to ascertain whether any are in need of immediate capital assistance