Risk magazine
Cat bonds find their calling
Catastrophe bonds
CDPCs under pressure
CDPCS
Bushel-whacked
Wheat
Nightmare on North St
Amid countless other subprime-related lawsuits, a showdown is currently taking place between HSH Nordbank and UBS over a stricken collateralised debt obligation, named North Street. The case raises questions about practices employed at banks and across…
Lightening the load
Regulatory reporting
Going going gone
Auction rate securities
Still in credit
Creditex's co-founder and chief executive, Sunil Hirani, talks to Alexander Campbell
UK financial sector feels pain of credit crisis
The UK financial industry will shed more jobs in the months ahead as the economic crisis deepens, and its effects have already cut bonuses and salaries sharply.
UBS to write down $5.9bn auction rate securities book
UBS plans to mark down more than 85% of its auction rate securities (ARS) paper, as the paralysis of the market continues into a third month.
Wheels fall off LiquidityHub
London-based liquidity aggregation platform LiquidityHub stopped operating last week, having endured a lack of market interest in the face of the credit crunch.
US reforms mean more bailouts and centralised power
Plans to reform US financial services oversight will open the way for more bailouts of financial companies and more centralised regulation.
HKEx names new head of risk management
Hong Kong Exchanges and Clearing (HKEx) has appointed Kevin King as head of risk management, effective today. He replaces Stewart Shing, who was previously acting head of risk management and head of clearing, a position he retains.
Huey Evans joins Barclays
Gay Huey Evans has been appointed Barclays’ new vice-chairman of investment banking and investment management (IBIM). She takes up this newly created role in mid-April, and will focus on developing and managing relationships with sovereign funds.
Iosco blames widespread credulity for credit crisis
Investors trusted credit ratings agencies too much, and the agencies themselves were too trusting of their clients, according to a white paper out this week from the International Organisation of Securities Commissions (Iosco).