News
FSA plans reverse stress tests
According to the Financial Services Authority, stress testing at UK financial firms is too weak to prevent another Northern Rock crisis. It recommends firms perform "reverse stress tests" to identify high-risk scenarios.
UK pensions fell further into deficit in November
UK defined-benefit pension schemes are now £136 billion in deficit as of the end of last month, significantly worse than the £97.3 billion deficit at the end of October.
Liffe to launch commodities on Bclear
Liffe, the international derivatives business of Euronext, has announced that it will launch a range of soft and agricultural commodities on its Bclear OTC derivatives platform in the first quarter of 2009.
Nomura hires chief economist in New York
Nomura Securities International (NSI) has hired Paul Sheard in the newly created position of global chief economist and head of economic research in New York.
Kashkari details Tarp oversight plans
Assistant secretary for financial stability Neel Kashkari defended the US Treasury against accusations of poor oversight of the $700 billion Troubled Assets Relief (Tarp) programme in front of the House of Representatives' financial services committee…
CDSs on European financials tighten
The cost of credit protection on financial institutions fell in early trading this morning, while a number of industrial names traded wider.
Rabobank appoints new Asia-Pacific head of GFM
Rabobank International has promoted Martijn Nijziel as Asia-Pacific head of global financial markets (GFM) in Hong Kong from his previous position in Tokyo as Japan head of GFM.
China set to provide funding to foreign banks
Chinese authorities may introduce their own version of the Federal Reserve's term auction facility (TAF) to help foreign banks get through their toughest test yet in dealing with China's still-developing interbank market.
BIS: exchange-traded derivatives volumes decline
Trading volumes at international derivatives exchanges dropped in the third quarter, according to the Bank for International Settlements (BIS).
Auction sets 52.5% recovery on Masonite LCDSs
A final settlement value of 52.5% was set for loan credit default swap (LCDS) trades referencing first-lien loans to Ontario-based door manufacturer Masonite, during a cash-settlement auction held today.
Essent Trading expands into Nordics and Asia-Pacific
Essent Trading, the Geneva-based trading arm of Dutch utility Essent, has opened representative offices in Norway and Singapore.
Deutsche Bank structured equity sales head departs amid cuts
Kim Gayer has left his London-based position as managing director and global head of structured equity sales at Deutsche Bank. The bank declined to comment on his departure.
Griffith appointed to third term at CBOE
The board of directors of the Chicago Board Options Exchange (CBOE) has re-appointed Bradley Griffith as vice-chairman of the exchange for a third consecutive one-year term in 2009.
ORX chooses OpenPages and IBM partnership
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FSA's boiler room warning to shareholders
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Fed seeks comment on proposed changes to Regulation Z
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