News
Russian revolution?
The news that TNK-BP will sell oil products on the St. Petersburg International Mercantile Exchange could signal a shift by Russia towards market mechanisms, Roderick Bruce reports
Phoenix rises into green markets
Interdealer broker expands in to renewables and emissions markets to harness sector growth, and plans to act as a counterparty for RECs
CME acquires hurricane index
CME Group has acquired the Carvill Hurricane Index from Carvill America Inc. and renamed it the CME Hurricane Index.
Sectoral CDM proposals spark debate
In the run up to key climate negotiations in Copenhagen in December the EU has surprised the carbon market with vehement backing of a redesigned CDM. Roderick Bruce investigates
First agricultural swap on CME Clearport
Starsupply Renewables, a biofuels and agricultural commodities brokerage, has successfully brokered the first ever cleared swap for an agricultural product using CME ClearPort.
New York may up RGGI allowances
New York State may decide to allocate more allowances under the Regional Greenhouse Gas Initiative to ease the cost burden on compliance buyers, finds Pauline McCallion
Top executives leave RBS Sempra
Executive departures were planned and commodities remain core, according to statements from RBS and Sempra Energy
European bank CDS spreads tighten further
Market sentiment remained bullish on European financials this morning, following a $1.1 trillion global economic stimulus package promised last week by the G-20 leaders.
G-20 creates Financial Stability Board from FSF; frees up $1.1 trillion for IMF
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IMF supports fight against AML with $31m fund
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Best practice recommendations seek to restore investor confidence
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G20 fires starting gun on global systemic risk regime
A declaration by the Group of 20 leading economies (G20) fleshed out plans for a global regime of systemic risk regulation, “covering regulated banks, shadow banks and private pools of capital to limit the build-up of systemic risk”.
Basel Committee ready for new members
The Basel Committee on Banking Supervision is set to confirm the appointment of seven new members within the next fortnight, according to a senior committee official.
RBS names Aguais as credit portfolio analytics head
Royal Bank of Scotland (RBS) has appointed Scott Aguais as head of credit portfolio analytics for the credit risk executive team in the global banking and markets division.
CDSs on European financials tighten after G-20
The cost of credit protection on European financial institutions fell this morning following the end of the Group of 20 leading economies (G-20) summit in London yesterday.