News
FSA chief expected to announce new prudential oversight body
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Cuomo subpoenaed Merrill execs on bonuses
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FSA facing compensation claim
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Brokerage launches environmental arm
Phoenix Partners Group, an interdealer credit and equity derivatives broker, has launched an environmental brokerage service for the worldwide renewable energy and emissions markets.
HKEx takes Lehman hit, holds onto top spot in derivatives warrants turnover
Hong Kong Exchanges and Clearing (HKEx), the holding company for both the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange, has held onto its position as the world's number one exchange, chief executive Paul Chow said on Wednesday.
Bank of England reveals £75 billion asset purchase programme
The Bank of England plans to buy up £75 billion of assets over the next three months, including medium-term government bonds (gilts) in the secondary markets and commercial paper from the private sector.
IASB amends fair-value disclosure
The International Accounting Standards Board (IASB) has amended disclosure requirements for the fair-value measurement of financial instruments, further aligning International Financial Reporting Standards (IFRS) with US Generally Accepted Accounting…
Iosco aims to boost oversight on commodity futures
Today, the International Organisation of Securities Commissions (Iosco) published guidelines for improving the transparency and supervision of commodity futures markets.
Confidence in European insurers drops
The cost of credit protection on the subordinated debt of European insurers rocketed in early trading today.
New contracts for difference disclosure regime approved
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Basel Committee to look at Tier 1 capital quality
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Isda to publish auction settlement supplement
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Basel Committee to look at Tier 1 capital quality
The Basel Committee on Banking Supervision is preparing radical changes to its rules on capital quality, including a 'soft target' of 75% for equity capital - up from 50% today - and the possible abolition of two-tier capital, according to a senior…
S&P GSCI Index Commodity Swaps to clear on CME ClearPort
Standard & Poor's has signed a licensing agreement with CME Group to clear swaps on the S&P GSCI Excess Return Index.
Scotia Capital acquires part of UBS Energy
Scotia Capital, a subsidiary of Scotiabank, today announced the acquisition of assets and employees from UBS Energy, a unit of UBS AG.
Fed approval leaves Ice/TCC on brink of CDS clearing
Intercontinental Exchange's (Ice) application to become a member of the Federal Reserve System has been approved by the US central bank, overcoming one of the final obstacles preventing the firm from launching its central clearing platform for credit…
UBS's chairman to follow CEO out
UBS' chairman Peter Kurer will not stand for re-election at its next annual general meeting on April 15.
Shrinking dividends may be a mixed blessing
Implied dividends beyond 2009 remain at highly distressed levels, creating torment for dealers and hedge funds with dividend exposures, but providing opportunities for market participants elsewhere.
Treasury launches Talf, drops compensation caps
The US Treasury and Federal Reserve Bank of New York launched the Term Asset-Backed Securities Loan Facility (Talf) yesterday, but opted to remove restrictions on executive remuneration for participating institutions.
CDS spreads narrow on financials
European financials faced improved market sentiment in early trading today, with the cost of credit protection falling on France's three biggest banks.
Brown quits as HSBC's currency head
Andrew Brown today left his post as global head of foreign exchange at HSBC.
Wave of litigation comes after bonuses go unpaid
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Economic downturn fuelling corporate fraud and corruption risks
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Northern Rock reports heavy losses in 2008
Northern Rock made a loss of £1.36 billion in 2008, but said repayment of its loan from the UK government was ahead of schedule.