News
China pilot carbon trading scheme to boost global trade
China’s proposed carbon trading scheme, to be implemented from 2011 to 2015, will be a positive driver for the international carbon markets, say analysts
Dealer-led market may be disrupted by Dodd-Frank
Banks could lose margins and competitive edge as a result of derivatives reforms in Dodd-Frank Act
Mining companies vulnerable on lack of hedging programmes
A substantial number of mining companies refuse to have a hedging programme, leaving them vulnerable to a possible sharp drop in prices
MF Global fuel oil brokers to move to Spectron
Several fuel oil swaps dealers at brokerage MF Global are reported to be moving to rivals Spectron
JP Morgan commodity staff cuts won’t spread, but Europe recruitment slows
The recent commodity desk cull at JP Morgan is unlikely to be the start of an industry-wide trend, but the aggressive commodities build-outs from investment banks have slowed in Europe
Hungarian power exchange launch positive for eastern European markets
The Hungarian power exchange's (HUPX) first day-ahead auction was a positive development for the Hungarian power market, say analysts
ECB insists stress tests are credible
ECB denies claims stress test scenarios were not severe enough
Seven banks fail Cebs stress tests
Institutions in Germany, Spain and Greece would be unable to maintain capital levels under “adverse scenarios”
Knight Libertas founder Gary Katcher quits firm
Gary Katcher, head of global institutional fixed income at Knight Libertas, will leave the firm at the end of July.
HSBC enters energy derivatives market
HSBC and Total Oil Trading expect to offer their first products in a few months' time
US investors turn to sectors and themes amid growing sophistication
Investors in the US are becoming more educated about the financial markets, which is leading to greater interest in sector-specific investing
All eyes on EU bank stress tests - but details remain elusive
Goldman Sachs investor survey suggests 10 of the 91 banks will fail, requiring an extra €37.6 billion in capital
UBS to appoint HKMA veteran Yam to its board
Joseph Yam was also named by sovereign wealth fund China Investment Corp as an one of its international advisers early this month.
ICBC’s Wang warns on eurozone debt contagion and Chinese property fears
In a contribution to Asia Risk’s 15th anniversary edition, Wang Lili, executive director and senior executive vice-president of Industrial and Commercial Bank of China, cites the European sovereign debt crisis as a key risk management challenge for…
Regulator-firm communication on AML 'harder and harder'
Temenos product director says “buffer” of regulation obstructs meaningful dialogue
CFTC to publish financial large-trader report
The US Commodity Futures Trading Commission (CFTC) on Thursday announced plans to boost transparency in the financial futures markets with the publication of a new report.
Scoach delivers monitoring tool for structured products
Swiss trading platform Scoach Switzerland has devised three structured products indexes to help investors assess performance
France’s power shortfall would threaten UK power supply
A potential power shortfall in France could put pressure on UK energy supplies and prices, says analyst.
Morgan Stanley and UBS boost LLMA membership to 10
Life & Longevity Markets Association gains momentum
Shift to CPI will not impact pension fund inflation hedging demand – M&G
Limited impact of CPI change on pension funds inflation hedging
OECD urges pension regulators to reduce importance of market consistency in stressed periods
OECD argues market values should not drive pension regulation
Aviva to launch mutual fund-structured product hybrid
Aviva is launching a fund in the US that operates as a cross between a mutual fund and a structured product, combining liquidity and capital protection
JP Morgan in global commodities staff cull
US investment bank JP Morgan has made cuts to accommodate the integration of the RBS Sempra commodities business.
Banks scramble to offer renminbi products as Hong Kong gains offshore interbank status
Creation of offshore renminbi interbank market in Hong Kong is seen as boon for new investor products