Risk magazine
US regulatory reforms will target the big players
The Obama administration’s proposals on regulatory reform make it clear that, in future, size will matter to the regulation of US financial firms.
CDS spreads tighten on US and European banks
The cost of credit protection fell on US and European financials today.
SNB considers restricting size of Credit Suisse and UBS
The Swiss National Bank (SNB) may impose size limits on Credit Suisse and UBS due to "unique" systemic risks in the Swiss financial system, it revealed on June 18.
New global head of structuring at Deutsche Bank
The former emerging markets head at Credit Suisse, Ram Nayak, has joined Deutsche Bank as global head of structuring.
US Treasury would support future SEC/CFTC merger, hints Geithner
Plans to merge the Securities and Exchange Commission (SEC) with the Commodity Futures Trading Commission (CFTC) could still be realised in the longer term, despite the decision by US authorities not to pursue such measures as part of their current…
Obama reform plans show no progress on OTC derivatives clearing
The Obama administration's much-hyped regulatory reform proposals disappointed over-the-counter derivatives dealers and end users yesterday by again failing to provide new details on how OTC markets with mandatory central clearing would operate.
Joint clearing venture for NYSE Euronext and DTCC
NYSE Euronext and the Depository Trust & Clearing Corporation (DTCC) will join forces to clear US fixed-income derivatives.
Lukken leaves CFTC for NYSE Euronext
Walter Lukken, a commissioner and former chairman of the US Commodity Futures Trading Commission (CFTC), will leave the regulator on July 10.
Lawyers highlight grey areas in securitisation regulation
Securitisation regulation recently passed by the European Union could have problematic legal implications for originators and investors, according to lawyers.
CDS spreads widen on US banks
The cost of credit protection on US financials rose in Asian and European trading today following President Obama's reform plans, unveiled yesterday.
Cesr releases consultation on Ucits risk management
The Committee of European Securities Regulators (Cesr) has released a consultation paper in response to the European Commission's request for technical advice on Level 2 implementing measures for modifications to the Ucits directive.
Q&A: Basel Committee's Walter outlines Basel II reform agenda
In an exclusive interview with Risk , Stefan Walter, secretary general of the Basel Committee on Banking Supervision, discusses everything from capital to cyclicality while outlining the reform agenda for Basel II.
Isda aims to improve collateral management processes
The International Swaps and Derivatives Association’s collateral committee has revealed a set of goals for improvements to collateral management processes.
US securitisation regulation will force 5% retention
US regulators will require originators and sponsors of securitisations to retain 5% of securitised exposures and increase transparency of transactions, according to a leaked draft of a US Treasury report on improving the regulatory system, due to be…
S&P downgrades 18 US banks to reflect 'new reality'
New York-based rating agency Standard & Poor's (S&P) has cut its ratings on 18 US banks - a decision reflecting less-favourable operating conditions, greater volatility in financial markets and tighter regulatory supervision, according to the firm.
S&P: Market confidence in UK RMBS makes slow return
There has been some improvement in worst-case expectations for defaults on UK residential mortgage-backed securities (RMBS) in the second quarter, according to research by Standard & Poor's Fixed Income Risk Management Services.
CDS spreads widen on US banks
Market sentiment worsened today towards US financials as President Obama laid out plans for a new system of US financial regulation.
CDS spreads widen on European and US banks
The cost of credit protection on European and US financials rose in trading today.
CDS spreads widen on US and European financials
The cost of credit protection on US and European financials rose in early trading today.
World Bank: recession will be deeper than expected
The worldwide recession will be far more severe than originally thought, with the global economy set to shrink 3% this year, warned World Bank president Robert Zoellick yesterday.
Deutsche hires new equity derivatives head
Deutsche Bank Securities has appointed Dushyant Chadha as head of equity derivatives in North America, within the bank's global markets division.
US Fed's director of banking supervision to retire
Roger Cole, the director of banking supervision and regulation at the Federal Reserve Board of Governors, will retire on August 1 after 30 years at the regulator.
CDS spreads steady on US and European financials
Market sentiment remained steady towards major financials in Asian and European trading today.
Credit crisis did not start until October 2008, Fed research finds
New research from the US Federal Reserve Bank in St Louis, Missouri, has found US banks did not begin to cut credit significantly until the last few months of last year, more than 12 months after the generally recognised start of the financial crisis.