News
Bernanke calls for regulatory overhaul of financial system
An overhaul of how the government regulates the financial system is required to prevent future economic crises, said US Federal Reserve chairman Ben Bernanke in a speech delivered before the Council of Foreign Relations in Washington today.
Roubini: Short-term nationalisation of US banks is best means to end recession
Ailing US financial institutions being propped up by capital injections from the Federal Reserve should instead be put into short-term nationalisation to hasten the end of the recession, a leading academic has said.
Wu takes helm at Hong Kong pensions overseer
Anna Wu Hung-yuk will start a two-year term as chairperson of Hong Kong's Mandatory Provident Fund Schemes Authority (MPFA) on March 17.
Moody's warns of "severe default cycle"
Weak consumer spending in the US means 283 companies are now at high risk of default, credit rating agency Moody's Investors Service has warned.
Japanese CDO market shrinks in 2008, says Moody's
The collateralised debt obligation (CDO) market in Japan last year contracted by 12% to about ¥1 trillion ($10.2 billion) in terms of deals rated by Moody's Investors Service.
UK authorities braced for wave of financial frauds
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Cebs releases report mapping EU supervisory aims
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Cebs proposes guidelines for remuneration reform
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Sassoon report suggests folding FSA into the Bank of England
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Risk South Africa: investors have changed commodity markets
Increased investor involvement in commodity markets has changed the way they operate, according to Danny Masters, co-founder of commodity hedge fund Global Advisors and former head of the global energy trading group at JP Morgan.
Outlook positive for commodities investors
Investors are bullish about commodities in the long term, according Barcap's annual investor survey, with 79% of participants planning to initiate or increase their exposure to commodities over the next three years.
Lloyds asset protection deal sends shares tumbling
Shares in Lloyds Banking Group have fallen after it confirmed that it would put £250 billion of toxic assets into the UK government's asset protection scheme.
Eurex postpones CDS clearing
Frankfurt-based derivatives exchange Eurex will "wait until the market is ready" before it launches its central clearing platform for credit default swaps (CDSs).
Ice launches US CDS clearing service
Atlanta-based derivatives exchange IntercontinentalExchange (Ice) launched its credit default swap (CDS) central clearing platform on March 9 after receiving the green light from the Securities and Exchange Commission (SEC) on March 6.
Low recovery rates set for Aleris International LCDS
Final settlement values for credit derivatives trades referencing Ohio-based aluminum products manufacturer Aleris International were determined during an auction held today by data vendor Markit and broker Creditex.
Credit Suisse chairman moves to Swiss Re
Walter Kielholz has resigned as chairman of Credit Suisse, to be replaced by the vice-chairman, Hans-Ulrich Doerig.
Industrials strengthen but US financials weaken on CDS markets
Bond insurance on industrial companies worldwide grew cheaper today, but several financials saw their credit weaken.
SEC to revamp whistle-blower process
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Op risk moving to heart of management decision-making
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Iosco report recommends improved global supervision of commodity futures
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Risk South Africa: more transparency needed to end crisis
Government programmes aimed at ending the global financial crisis require greater transparency to shore up investor confidence, said Robert McAdie, global head of credit strategy at Barclays Capital.
CDS spreads widen on eastern European sovereign debt
The cost of credit protection on the senior debt of some eastern European states rose again in early trading today, while also rising on European insurers.
UK's Darling proposes EU super-regulator for micro-prudential supervision
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Economists draw up G-20 policy proposition
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