News
Tullett Prebon closes US environmental desk
Interdealer broker Tullett Prebon has closed its US environmental products desk in Jersey City, New Jersey.
Oil price slump hits Canadian oil sands production
The precipitous drop in oil prices has had a significant impact on projected oil sands production, finds Pauline McCallion
Liffe prepares for CDS clearing launch in US
London-based derivatives exchange Liffe, which launched its joint central clearing solution with LCH.Clearnet for credit default swaps (CDSs) in Europe on December 22, will roll out the service to US customers in the next few weeks.
Libor forecast to lose status as key benchmark
Libor's days as a key benchmark for a variety of derivatives and as a measure of interbank lending rates may be numbered, a leading interest rates strategist has suggested.
UniCredit names head quant
Dong Qu has joined UniCredit in Milan as global head of quants.
Lehman EM head reappears at Standard Chartered
Mohammed Grimeh, former global head of emerging markets at collapsed dealer Lehman Brothers, has been appointed as head of trading and deputy head of global markets for the Americas at Standard Chartered.
CDSs on European banks widen
The cost of credit protection on European financials and southeast Asian sovereigns widened in early trading today.
WEF backs calls for reverse stress tests
"Glaring gaps in risk management" represent one of the biggest dangers facing the world in 2009, and financial institutions must improve their modelling and testing as a matter of urgency, according to a World Economic Forum report launched today.
New financial regulation research centre launches
The International Centre for Financial Regulation (ICFR), an independent global research institute focused entirely on financial regulation, launched today in London.
Asset price crashes could continue this year, says World Economic Forum
There is still a significant risk of asset prices falling through 2009, according to the World Economic Forum's assessment of global economic risks this year, revealed at a press conference today in London.
European Commission initiates legal action against Standard & Poor's
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Fund manager charged over 14-year-old Ponzi scheme
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GAO report calls for US regulatory reformation
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Liquidity floods into Powernext Gas
French exchange Powernext's recently-launched natural gas spot market has already become the most liquid in continental Europe, says Powernext.
MCX launches India’s first electricity futures
Mumbai-based Multi Commodity Exchange (MCX) launched India's first electricity futures contract on January 9.
RWE to buy Essent
Germany's RWE is buy Dutch utility Essent in an all-cash €9.3 billion deal. Essent will become RWE's operating company in the Netherlands and Belgium, and will continue as an independent entity.
Gold and silver trading hits record levels in 2008
Trading in gold and silver reached record levels in 2008, spurred on by the perception of precious metals as a "safe haven" from the credit crisis, according to International Financial Services London (IFSL) Bullion Markets 2009 report.
Craddock named as Oppenheimer's new risk head
Oppenheimer Funds, based in New York, has named Geoffrey Craddock as director of risk management and asset allocation.
CDSs tighten on insurers
The cost of credit protection on insurance firms continued to fall in early trading today, while spreads widened on eastern European sovereigns.
UniCredit appoints chief risk officer
Italian banking group UniCredit has named Karl Guha as chief risk officer.
Fed offers $150 billion to banks via TAF
The Federal Reserve announced it would offer $150 billion in 28-day discount-rate loans via its term auction facility (TAF) today; the auction will settle on January 15.
JP Morgan wins Risk's derivatives house of the year award
JP Morgan has won Risk magazine's derivatives house of the year award for the second successive year. In a 12-month period that saw the collapse of Bear Stearns and Lehman Brothers, unprecedented volatility in the market and capital injections into…
HKMA urges firms to heed Lehman advice
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FSA calls on banks to invest £1bn on compensation systems
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