News
KfW board changed in wake of IKB woes
Ingrid Matthaus-Maier has signalled her intention to retire in September from the board of KfW Bankengruppe, the Frankfurt-based federal German bank.
EC outlines changes to Capital Requirements Directive
The European Commission (EC) has launched a public consultation on over 50 technical changes to the Capital Requirements Directive (CRD), which sets out the regulatory capital financial institutions must hold to cover their liabilities.
Calyon appoints Arnold Kan for Hong Kong post
Calyon has named Arnold Kan as its deputy head of fixed-income markets for Asia excluding Japan.
Emerging markets could produce next boom-bust cycle
As regulators clamp down on securitised products, leveraged investors are racing to new markets. JP Morgan analysts say the crisis might be shifting leverage from structured products to emerging markets.
UBS and Merrill Lynch lose energy traders
The latest sub prime mortgage-related write downs at investment banks UBS and Merrill Lynch, have hit their energy trading arms, and a number of traders have resigned or been made redundant in recent days.
SEC charges trader with market abuse
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Solvency II: QIS4 second workshop underway
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AMI releases UK mortgage proposals
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Data security a priority, says FSA
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New transparency rules for credit rating agencies
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Fallon calls for central banks to take charge
Responsibility for banking supervision must reside with central banks, insists a former UK government minister.
UBS launches dry freight index
UBS has launched a tradeable index with dry freight derivatives as the underlying, dubbed the UBS Blue Sea Index (UBS-BSI).
UBS launches freight market investor index
Investment Bank UBS has launched the UBS Blue Sea Index (UBS-BSI), the first tradable investment index in the dry freight derivatives market.
IDBI Fortis Life offers structured products in India
IDBI Fortis Life – a joint venture between state-run Industrial Development Bank of India (IDBI), Indian commercial bank Federal Bank and Belgian-Dutch bank Fortis – has received approval to sell a range of structured products in India.
Dollar low helps push crude to new record
Crude Oil reached a new record of $119.90 a barrel on the New York Mercantile Exchange (Nymex) today amid ongoing supply concerns and a new record low for the US dollar against the Euro, leaving investors looking for an inflation hedge.
New derivatives disclosures will be “significant burden”
Tougher disclosures required by the Connecticut-based Financial Accounting Standards Board (FASB) will be a “significant burden” for companies using derivatives, said Hee Lee, New York-based partner in Ernst & Young’s Financial Services Office and…
UK proposes colleges of supervisors under Solvency II
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UBS report lists failures in risk management
Lack of attention, overconfidence and poor risk management procedures were at the root of UBS's subprime losses, according to a damning report released by the bank to its shareholders.
Bank of England will swap gilts for RMBS
The Bank of England will step in to improve the balance sheets of UK banks by allowing them to swap illiquid mortgage-backed securities for treasury bills.
McCreevy: How to get the best from Sepa
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