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Isda AGM: Regulatory scrutiny of derivatives likely, says Moulds
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, said Jonathan Moulds, president for Europe, the Middle East, Africa and Asia at…
Isda AGM: CDS boom continues
Volumes of credit default swaps (CDSs) traded rose 81% in 2007 to a total notional outstanding of $62.2 trillion, according to figures collected by the International Swaps and Derivatives Association (Isda).
Isda AGM: Calello urges industry to improve
Paul Calello, chief executive officer of investment banking at Credit Suisse, says all parties involved in the financial system – including regulators – need to take urgent action to combat potential systemic risk emanating from the ongoing credit crisis.
Isda AGM: Isda names new chairman
The International Swaps and Derivatives Association (Isda) named Eraj Shirvani, a credit trading specialist at Credit Suisse, as its new chairman at its annual general meeting in Vienna today.
Isda AGM: Cautious OTC traders increase collateral use
As the credit crisis gathered strength in 2007, dealers became increasingly likely to demand collateral from their counterparties, according to a survey released today by the International Swaps and Derivatives Association.
New Crude High on Supply Woes
Crude oil for May delivery hit an all time high of $113.93 in intraday trading on the New York Mercantile Exchange (Nymex) today
GSEs could endanger US credit rating
Exposure to government-sponsored enterprises (GSE) such as Fannie Mae and Freddie Mac could threaten the US government's AAA credit rating, New York-based rating agency Standard & Poor's has warned.
Nomura hires HSBC Asia risk head Denby
Nigel Denby, formerly Asia head of traded credit and market risk at HSBC in Hong Kong, joined Nomura on April 9 in a newly created post as regional head of risk management and credit in the same city.
Deutsche poaches JP Morgan credit execs for equity derivatives
Deutsche Bank has hired three former JP Morgan credit executives to form a China institutional equity derivatives sales team, to be headed by Cindy Wang.
German structured products to receive rating scrutiny
Germany’s structured products look set for a shake-up, as the country’s buoyant certificate industry receives its own rating system, designed to improve transparency in the market.
MBS capital charges coming soon in Basel II shake-up
Basel II capital requirements on structured credit products are to be raised as part of a wide-ranging review of risk management practices for financial institutions in G-7 nations, the Financial Stability Forum (FSF) has announced.
Calyon appoints Lainé head of Asia fixed income
Calyon, the corporate and investment banking arm of Credit Agricole, has promoted Frédéric Lainé to head of fixed-income markets for Asia, excluding Japan.
Wellink defends Basel II
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CESR publishes Mifid Q&A
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Iosco updates securities regulation
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IMF reports on market turmoil
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Danske Bank retail service crippled by ATM glitch
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