News
LiquidityHub adds dollar interest rate swaps
London-based electronic trading consortium LiquidityHub today added dollar interest rate swaps to its fixed-income liquidity-aggregation system.
Covered bond market reopens cautiously
Market making in the European interbank covered bond market reopened this afternoon, after being closed since last week, but with new conditions imposed by its governing body, the European Covered Bond Council (ECBC).
UBS's Tyger CPDO notes hit cash-out point
UBS's Tyger has become the first constant-proportion debt obligation (CPDO) to hit its cash-out trigger, resulting in 90% losses for investors in one tranche of the CPDO's debt.
Level 3 committees issue medium-term work programme
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Trichet predicts tighter regulations on banks
The president of the European Central Bank, Jean-Claude Trichet, has blamed the summer's crisis on opaque financing models and mistakes by rating agencies, and has called for an overhaul of financial regulation.
UBS names new heads of commodities
UBS has named two replacements for its previous head of commodities, Peter Ghavami, who left the bank in October.
CEIOPS publishes Solvency II QIS3 results
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2008 LDCE “under consideration”
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Op risk faces unique challenges in the Middle East
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CEIOPS conference focuses on Solvency II and Lamfalussy
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New Year start for E.On Energy Trading
From January 2008, German utility EOn will combine all its European power, gas, coal, oil and carbon trading operations in the new business EOn Energy Trading (EET), headquartered in Düsseldorf.
BIS announces 135% notional OTC derivatives growth since 2004
According to the Bank for International Settlements' (BIS) latest reports, notional amounts outstanding for over-the-counter (OTC) derivatives increased by 135% to $516 trillion from June 2004 to June 2007.
Tullett Prebon names new head of gas broking
Tullett Prebon has named Dan Simpson as a director of its energy division.
Interbank covered bond market shuts down
Market making in the interbank market in European covered bonds has been shut down for the rest of the week, to prevent spreads widening and volatility growing.
French banks act to save bond insurer CIFG
Two French banks, Caisse d'Epargne and Banque Populaire, will inject $1.5 billion into the New York-based financial guaranty company CIFG to prevent it losing its AAA credit rating.
FSA “no light touch” on hedge funds, says Sants
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HMRC loses personal data for 25 million people in the post
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Hackers spoil Thanksgiving
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Italy’s fast track to Mifid
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RWE to invest €1 billion per year in renewables; founds new company
German utility RWE has announced the creation of a renewable energy company, RWE Innogy, which will be backed by at least €1 billion of investment per year.
New commodity and structured credit heads at Calyon
Calyon has named Martin Fraenkel as its new global head of commodities and Benjamin Jacquard as global head of structured products, both based in London.