Risk magazine

Central banks

Fed ramps up bank support to $75 billion

The US Federal Reserve has increased the scale of its Term Auction Facility (TAF), intended to provide extra liquidity in the securities market, and has relaxed its criteria for collateral in another support, the Term Securities Lending Facility (TSLF).

06 May 2008

Structured products

Banks under pressure to change incentives

Banks are coming under increasing pressure from regulators, politicians and bank shareholders to review their pay and bonus structures to ensure traders are not incentivised to take excessive risks.

02 May 2008

Regulation

Banks urge review of pro-cyclicality rules

The subprime crisis has sparked fears that regulators might insist banks hold higher regulatory capital, a result some bankers insist would choke off lending and push the global economy into a recession.

02 May 2008

Credit markets

Moody’s: South African securitisation at turning point

South African securitisations are deteriorating but their ratings remain secure for now, according to New York-based Moody’s Investors Service.

02 May 2008

People

Markit hires Longden from ABN Amro

London-based data provider Markit has appointed Charles Longden as managing director in fixed income and credit.

02 May 2008

People

Idzik exiting as BarCap COO

Paul Idzik, group chief operating officer at Barclays, is leaving the bank.

02 May 2008

Structured products

Moody's names Polanski to oversee troubled structured finance business

Moody's Investors Service has named Jonathan Polansky as its first global structured finance surveillance co-ordinator.

02 May 2008

Structured products

Regulators push for operations changes

The derivatives industry faces regulatory demands to improve operations issues. In recent weeks, both the President’s Working Group on Financial Markets (PWG) and the Financial Stability Forum (FSF) have pushed dealers to enhance the infrastructure for…