News
CEBS issues call for evidence on the risks for custodian banks
Daily news headlines
US Wrap: Spectrum of risk profiles offered on S&P 500
Six new issues were launched into the US market before the weekend by four issuers. The S&P 500 continues to dominate issuance, with four of the products offering exposure to the index.
DME oil benchmarks migrate to CME platform
Dubai Mercantile Exchange (DME) and Chicago Mercantile Exchange (CME) have completed the migration of three DME crude oil benchmark products onto the CME Globex platform.
CDSs widen on Japanese firms
The cost of credit protection on Japanese corporates and electronics firms widened in early European trading today.
Government guarantee schemes force covered bond market to retrench
Covered bonds, both public and private, still have a place in portfolios despite competition from the recent phenomenon of government-guaranteed bank debt
Credit ratings newcomer hires ex-S&P president
Credit rating agency Rapid Ratings adds Kathleen Corbet to its board in a push to increase awareness of its rating system which measures financial health rather than creditworthiness
Volatility forces iBoxx to change index rules
Wide discrepancies in prices submitted by banks meant that iBoxx indices were not accurately reflecting market values, so the index custodian has relaxed the inclusion criteria for prices
ABS collateral pools to deteriorate in 2009
Two largest rating agencies predict global economic slowdown will hit loans underlying most asset-backed securities, with consumer loans in UK, Ireland and Spain worst affected