Foreign exchange
CNE innovates in energy risk management
Constellation NewEnergy (CNE), a subsidiary of US utility Constellation Energy, has completed a successful trial of a new risk management programme for large industrial users.
S&P: Two years of problems ahead
The effects of the credit crisis could last up to two years, according to analysts at rating agency Standard & Poor's.
US internal audit focus moving off Sox, says survey
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Ursa Bank steps up Basel prep
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Linked global carbon market could be worth €800 billion
A linked global carbon market between six major regions could be worth €600–800 billion, European Energy Exchange (EEX) chief operating officer Maik Neubauer said today at a press conference
ING and SG avoid worst of subprime crisis
ING Bank and Société Générale have avoided the full effects of the subprime crisis that has led to multi-billion-dollar writedowns for other US and European banks.
Risk USA: Crowded trade increases turmoil again, say CROs
Chief risk officers from four major financial institutions argued that the distress in the financial markets has been partly caused by the concentration of money chasing too few trading ideas, when speaking on a panel at this year’s annual Risk USA…
FDIC approves Basel II
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FSA calls for renewed energy to deliver TCF
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Risk USA: Rate cuts do not “bail out Wall St”
The Federal Reserve's recent policy decisions have been “designed to help Main Street and not to bail out Wall Street”, a senior Fed official has declared.
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
Risk USA: Hedge funds start to police themselves
Leading hedge funds are discussing two initiatives that aim to set new risk standards for the industry - one each from the US and Europe.
US Federal Reserve Board gives green light for Basel II
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Irish SEM successfully launched
The new wholesale electricity market that unites the power grids of Northern Ireland and the Republic of Ireland has been successfully launched.
Basel II Capital Rule final rule approved by OCC and OTS
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Lehman Brothers signs up to Boat
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US agencies tighten rules over identity theft
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Risk scenarios must take impact of climate change into account
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Amaranth denied by court
A New York judge has denied Amaranth Advisors’ request to prevent the Federal Energy Regulatory Commission (Ferc) from pursuing legal action against it while it was being sued by another federal agency.
Correlation funds pitched following hedging woes
Credit managers are expanding strategies playing on changes in correlation and relative value, which were calamitous for the hedging strategies of some dealers and investors during July and August.
The Citi Guide to Structured Product Terminology
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Helping investors to profit in ‘The Age of Turbulence’
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