Central banks
CPSS: OTC settlements good, but still room for improvement
Systems for the clearing and settlement of over-the-counter (OTC) derivatives trades have strengthened over the past few years, but further progress is needed to reduce risk, according to a Committee on Payment and Settlement Systems (CPSS) report issued…
BIS: highest CDO issuance ever but slowed overall derivatives trading
Global issuance of funded collateralised debt obligations (CDOs) reached a record $489 billion in 2006, showing strong investor interest in structured products. Synthetic CDO issuance also surged last year, doubling to $450 billion from 2005 issuance…
IIF special committee releases liquidity risk report
Institute of International Finance publishes new report, Principles of Liquidity-Risk Management.
Under the yoke
The Reserve Bank of India released its long-awaited draft derivatives regulations in early December. But far from opening the market up to a wider universe of products, dealers complain the derivatives market has been reined back in.
Singapore stakes its claim
The lion city is pushing for a slice of the fast growing Islamic finance market - a move that may put it on a collision course with its more established peers, notably Malaysia.
Reddy appointed chairman of BIS ACC
Yaga Reddy has been appointed chairman of the BIS Asian Consultative Council
Point Carbon survey shows EU ETS ‘significantly’ reducing emissions
Global carbon markets in 2006 saw transactions of 1.6 billion tonnes of carbon dioxide equivalent (CO 2 e) worth €22.5 billion, according to environmental market analyst and information provider Point Carbon, who has just completed a survey of the carbon…
Fed examining subprime ARMs
US banks may have sold subprime mortgages to borrowers unable ever to repay them, according to the US Federal Reserve.
South Africa - Giving clarity
Hedge funds
A liability defined
Pension indexes
South Africa - Looking to new heights
Inflation
Regulators Comment
South Africa
Meeting the pace of change
Energy trading is advancing so quickly it's sometimes difficult for software to keep pace. Energy Risk's software survey reveals almost half of respondents changed systems in 2006. David Watkins reports
Designing a market
With Canada likely to embark on an emissions-trading scheme this year, Oliver Holtaway looks at the various forms it could take
Gearing up for ever higher leverage
Rising leverage in the global system coupled with fears for the accuracy of credit risk pricing dominated discussion at the World Economic Forum in Davos this year. But not everyone is downbeat, as Matthew Attwood finds out
Oxygen for the markets
... or why market sentiment is propping up ill companies
It's different this time - really
The advent of the structured credit market has changed investors' understanding of risk. What's more, the triggers for widespread losses will not be the same this time round
Bahrain issues Basel II consultation paper
REGULATORY UPDATE
Getting the balance right
Inflation
South Africa - The African frontier
Securitisation