News
UK CDSs still wide
UK and European financial institutions continued to face mixed market sentiment in early trading today, while the cost of credit protection on US banks began to rise.
Dollar Libor falls further
Interbank lending confidence rose today, marked by a 0.17 percentage point fall in three-month dollar Libor.
Rabobank appoints renewables and carbon credit head in Asia
Rabobank International has promoted Jotdeep Singh to a newly created role as head of its renewable energy and carbon credits business in Asia. Based in Singapore, he will oversee transactions mainly in wind energy, biomass, solar and other renewables,…
CDS clearing house to miss November 30 deadline
The November 30 target for central clearing of index credit default swap (CDS) trades set by a consortium of industry associations and investment banks is unlikely to be met, sources within the Federal Reserve Bank of New York have said.
G-20 backs derivatives reform
The Group of 20, which contains the world's leading developed and emerging economies, backed derivatives reform proposals in a summit hosted by US president George Bush in Washington, DC on Saturday, November 15.
G-20 proposals fail to lift interbank confidence
The proposals of world leaders to stabilise financial markets had little significant impact on the interbank market, with the Ted spread and Libor figures remaining at similar levels to before the weekend.
CDS spreads unstable on eurozone banks
UK and European banks faced mixed market sentiment in early trading today, while the cost of credit protection on US financial institutions had fallen by the end of last week.
Hedge funds agree to more regulation of their industry
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Paulson: buying MBSs no longer Tarp priority
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Risk management code for hedge fund managers proposed by institute
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EC outlines proposal to regulate rating agencies
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Constellation closes credit facility
Constellation Energy has closed on a $1.23bn 364-day credit facility with UBS Loan Finance and RBS Securities Corporation.
Commodities will boom despite downturn, says Jim Rogers
Commodities will be the only market safe from the economic downturn, according to investment guru Jim Rogers.
Freddie Mac posts heavy losses in Q3
Battered by the ailing residential real estate market, Freddie Mac reported a $25.3 billion loss in the third quarter of 2008 and requested a $13.8 billion capital injection from the US Treasury.
Dollar Libor and Ted climb again
Dollar Libor and the Ted spread, which tracks the difference between three-month dollar Libor and Treasury bills, were up today as confidence in the US interbank lending market dipped again.
Business leaders want a tighter rein on banks
Tighter regulations on banks, hedge funds and rating agencies would be supported by most business leaders around the world, a survey found this week.
CDS spreads widen on UK banks
The cost of credit protection on UK banks continued to increase today, while US and European financial institutions faced mixed market sentiment.
Banks fear an increase in financial crime
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Outstanding notional on CDSs drops for first time
The Bank for International Settlements (BIS) today released statistics for the over-the-counter derivatives market, which revealed that, although the overall market continues to grow, the outstanding notional on credit default swaps has declined.
Investors hope end in sight for Canadian ABCP restructuring
Retail investors in distressed Canadian non-bank asset-backed commercial paper (ABCP) expect to find out in the next two weeks whether further delays are expected to a restructuring plan.
Powernext gas futures to launch on November 26
Powernext has announced that it will launch natural gas spot and futures contracts for the French market on November 26.
Trafigura secures $200mn credit facility
Commodity trader Trafigura has today announced the closing of a $200 million syndicated revolving credit facility, which will serve as a refinancing of an existing one year $175 million facility implemented in 2007.
Markit names risk management head
London-based data provider Markit has appointed Sal Naro as global co-head of equities, commodities and risk management.
Dollar Libor up after Tarp priorities change
Dollar Libor was up today following US Treasury secretary Hank Paulson's admission yesterday that the Troubled Asset Relief Programme (Tarp) will not be used to buy illiquid mortgage-backed securities.