News
BIS to modify Basel II rules
The Basel Committee on Banking Supervision is to make changes to the Basel II capital framework in response to the ongoing financial crisis. The modifications are expected to include the upping of Pillar I regulatory capital requirements, as well as the…
Derivatives face regulatory scrutiny
The derivatives industry faces a period of heightened scrutiny by regulators, mirroring the supervisory review in the wake of a series of mis-selling scandals in the 1990s, warn bankers.
BoE reveals £50bn liquidity facility
Banks have welcomed a scheme by the Bank of England (BoE) aimed at improving the balance sheets of UK financial institutions. The £50 billion facility, announced on April 21, will allow financial institutions to swap illiquid mortgage-backed securities…
Banks urge pro-cyclicality review
The subprime crisis has sparked fears that regulators may insist on banks holding higher regulatory capital, a result some bankers insist would choke off lending and push the global economy into a recession.
FSA takes tougher stance on market abuse
Daily news headlines
Bank of England governor slams city bonuses
Daily news headlines
Measuring green risk
Daily news headlines
Commission releases reports on fraud, AML and terrorist financing
Daily news headlines
Dividend option market tipped for growth
Dividend swaps have been under pressure since the onset of the credit crisis, as fears of dividend cuts have caused the historically steep curve to flatten considerably. But, despite gloomy economic forecasts, the investor base appears to be expanding,…
Can the Icelandic meltdown be avoided?
Fears over the strength of the Icelandic banking system have caused the wholesale system to shut on Icelandic banks, prompting the country’s central bank to hike interest rates to record levels. At first sight, the initiative appears to have worked, with…
New governor overhauls South Korea's financial watchdog
Kim Jong Chang, the new governor of South Korea’s Financial Supervisory Service (FSS), has initiated a major shake-up of the country’s chief financial regulator aimed at cutting bureaucracy, streamlining operations and attracting talent from the private…
More than 50% of US companies unprepared for weather risk: report
Results of a survey carried out by CME Group, the world's largest derivatives exchange, and weather risk management originator Storm Exchange, have found that 51% of senior finance and risk managers concede that they are under prepared to cope with…
Calpers chief executive follows his CIO out of office
Fred Buenrostro, chief executive of the $244 billion California Public Employees' Retirement System (Calpers), has resigned, less than a week after the departure of the chief investment officer, Russell Read.
Babson appoints chief information officer
Babson Capital Management, based in Springfield, Massachusetts, has named Praveen Kumar as its new chief information officer.
Lehman makes global SWF push
Lehman Brothers has appointed Makram Azar to a new role as global head of sovereign wealth funds.
Deutsche succumbs to crisis with €141m Q1 loss
Deutsche Bank chalked up losses of €141 million for the first quarter of 2008, after digesting a €2.7 billion writedown on leveraged loan commitments, commercial real estate and residential mortgage-backed securitities (RMBS) exposures, the firm has…
Markit to launch synthetic municipal bond index
Markit plans to launch its Markit MCDX index on May 6, an index of 50 municipal bond credit default swaps (CDS).
New Record for Crude Amid Supply Disruptions
Crude Oil reached a new record of $119.93 a barrel in overnight electronic trading, up from $119.90 reached last week on the New York Mercantile Exchange (Nymex).
Swiss Re’s Conning to manage post 2012 fund
Conning Asset Management Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering EUR 125 million post-2012 Carbon Credit Fund.