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Iosco launches task forces to support G-20 aims
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FASB to review SPV disclosure
On December 15, the Financial Accounting Standards Board (FASB) will issue amendments to FAS 140 and Fin 46, two accounting rules that deal with the disclosure of off-balance-sheet vehicles.
Sovereign CDSs up for UK and US
Credit default swap (CDS) spreads on UK and US sovereign debt hit record highs today, while CDSs on eurozone and US financials experienced mixed market sentiment.
Dollar borrowing costs up
Despite the announcement of the bailout of US bank Citigroup over the weekend, the interbank lending market is still seen as risky.
Obama officially names Geithner next US Treasury secretary
US President-elect Barack Obama has officially named Timothy Geithner, president of the Federal Reserve Bank of New York, as his appointee for US Treasury secretary.
Fed opens $800 billion war chest to aid securitisation recovery
The Federal Reserve Bank of New York has unveiled ambitious proposals to purchase up to $800 billion of agency mortgage-backed securities (MBS) and extend credit to holders of cash asset-backed securities (ABS) in an effort to prop up the securitisation…
US government bails out Citigroup
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SuperDerivatives expands into electricity
SuperDerivatives has announced that it has added electricity derivatives to its energy and commodities platform from November 17.
WaMu names new president and CFO
Troubled US savings bank Washington Mutual has made two senior appointments amid restructurings at the firm.
RBS traders join Phoenix
Royal Bank of Scotland's (RBS) head of high yield credit default swap trading Steve James has stepped down in order to join the London office of interdealer broker Phoenix Partners.
CBOE re-elects six board members
Members of the Chicago Board Options Exchange (CBOE) re-elected six incumbent directors to its board on November 20.
Eurozone CDS spreads tighten as US spreads widen
UK and European banks faced declining market sentiment in trading this morning, while the cost of credit protection on US financial institutions rose at the end of last week.
Lehman replaces CEO with restructuring expert
Richard Fuld will step down from his position as chief executive officer of Lehman Brothers at the end of this year, remaining in his role as chairman.
$20 billion bail-out for Citi
The US government has given Citigroup a lifeline via a $20 billion direct capital injection and a guarantee for $306 billion in securities.
Tullett Prebon names Duckworth as COO
London-based interdealer broker Tullett Prebon has appointed Steph Duckworth as chief operating officer.
Dollar Libor shoots up overnight
Overnight dollar lending rates rose today following the news that US banking giant Citi will receive additional government assistance.
Life and pensions sector needs data security investment
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US Treasury secretary Paulson speaks out on international regulatory overhaul
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Australian banks issue Pillar III disclosures
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AML compliance deadline looms
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Soca publishes SAR annual report
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SEC convenes meeting of international regulators
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Dinallo backtracks on regulating CDSs
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Contenders queue up for Tarp funds
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