News
Singapore Mercantile Exchange appoints new CEO
The Singapore Mercantile Exchange (SME), the commodity derivatives exchange, has named Thomas McMahon as its first chief executive.
European Commission calls for evidence on review of the Market Abuse Directive
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US Treasury failing on Tarp oversight, report finds
The US Treasury's $700 billion Troubled Asset Relief Program (Tarp) is vulnerable to fraud, abuse and profiteering, due to a lack of proper supervision, according to a highly critical report from the programme's inspector-general published today.
China at forefront of clean coal technology
China is leading the way in developing new cleaner coal technologies according to the International Energy Agency (IEA), which says that advanced technologies with higher efficiency levels and the potential to reduce CO2 emissions are already widely used…
Thomson Reuters upgrades multi-asset class transaction service
Global information company Thomson Reuters has upgraded its multi-asset class transaction service Reuters Trading for Exchanges (RTEx).
Markit names McPherson head of structured finance pricing services
London-based data provider Markit has appointed Neil McPherson as managing director of its structured finance pricing services.
New CEO for Fannie Mae
Michael Williams has been appointed president and chief executive for US mortgage lender Fannie Mae.
CDS spreads widen on US financials
The cost of credit protection on major US banks rose further in early European trading today as the market exercised caution over the recent flurry of positive first-quarter earnings.
Cebs releases finalised remuneration principles
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Economic slowdown is top risk facing global businesses
The economic slowdown, regulatory/legislative changes and business interruption have been identified as the top three risks facing companies in the 2009 Global Risk Management survey conducted by risk management consultancy Aon.
CDS spreads widen on US financials
The cost of credit protection on major US banks rose today despite continued positive first-quarter earnings.
TriOptima targets swaps tear-up for mainland China and Taiwan
Swedish post-trade services group TriOptima plans to launch renminbi and new Taiwan dollar interest rate swaps (IRS) termination services in the second half of this year. The company currently offers its services across 19 currencies, including seven…
SG CIB tries to fix variance swap flaws
In the wake of hefty losses for sellers of variance swaps as volatility spiked last year, Société Générale Corporate and Investment Banking (SG CIB) is touting products that might make selling variance more palatable for investors.
ANZ appoints Australia CRO
Australia and New Zealand Banking Group (ANZ) has made two appointments in its risk management department, who will report to the bank's chief risk officer Chris Page.
ETFs resilient despite downturn, according to BGI
Exchange-traded funds (ETFs) continue to hold up well in the face of the recent economic downturn, according to research on the industry covering the first quarter of 2009 by San Francisco-based Barclays Global Investors (BGI).
Bafin launches market abuse probe
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Liquidity regulation to cost £700 million and 15 man-years of work
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FSA publishes proposals for liquidity risk standards
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Tarp banks rush to repay to avoid regulatory scrutiny
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First cleared iron ore swap on Singapore Exchange
Singapore Exchange (SGX) will launch the world's first cleared iron ore OTC swap contract on April 27 th .
Canadian report calls for national cap-and-trade scheme
The Canadian government should establish a national carbon pricing policy through an economy-wide cap-and-trade scheme, according to policy development committee, the National Round Table on the Environment and the Economy (NRTEE).
CFTC prepares for carbon regulation role
The Commodity Futures Trading Commission (CFTC) today announced the expansion of its existing energy committee to create the Energy and Environmental Markets Advisory Committee (EEMAC) in anticipation of a national carbon trading scheme.
EPA finding could lead to GHG regulation
The Environmental Protection Agency (EPA) today issued a proposed finding that greenhouse gases contribute to air pollution that may endanger public health or welfare.
CDSs on US banks tighten on JP Morgan profit
The cost of credit protection on major US banks fell yesterday in the wake of JP Morgan posting a first-quarter profit of $2.1 billion.