Foreign exchange
New ETF exposes investors to large-cap television index
Northern Trust has listed a new exchange-traded fund (ETF) on the Arca platform of the New York Stock Exchange (NYSE.) The Nets (Northern Exchange traded shares) fund will track the performance of the FTSE CNBC Global 300 Index, which includes 300 stocks…
SuperDerivatives expands into electricity
SuperDerivatives has announced that it has added electricity derivatives to its energy and commodities platform from November 17.
$20 billion bail-out for Citi
The US government has given Citigroup a lifeline via a $20 billion direct capital injection and a guarantee for $306 billion in securities.
US Treasury secretary Paulson speaks out on international regulatory overhaul
Daily news headlines
AML compliance deadline looms
Daily news headlines
Op risk management at a crossroads
Editor's blog
Dinallo backtracks on regulating CDSs
Daily news headlines
Contenders queue up for Tarp funds
Daily news headlines
Basel Committee outlines potential changes to Basel II
The Basel Committee on Banking Supervision on November 20 outlined possible changes to the Basel II framework, intended to address "fundamental" weaknesses in regulation, supervision and risk management practices that have been highlighted during the…
China likely to abandon 'through-train' investment scheme, says CBRC's Luo
Chinese regulators and government officials will scale back reform of the country's financial services sector due to deep concerns about the unravelling of the developed world's economies, said a senior China Banking Regulatory Commission (CBRC) official…
Investors approve RBS' £19.7 billion capital raising plan
The Royal Bank of Scotland (RBS) gained overwhelming investor support for raising £19.7 billion in preference shares at an extraordinary general meeting yesterday, in which the chairman apologised for the bank's poor financial performance this year.
Better ERM needed to avert crises, says Fed's Cole
An enterprise risk management (ERM) approach is essential in the current crisis, said Roger Cole, director of banking supervision and regulation at the US Federal Reserve Board, yesterday.
Interbank lending remains stable
Interbank confidence stood firm today after a tumultuous day on the world equity markets.
HKMA's Genberg dismisses 'decoupling' theory
The idea that increasing inter-regional trade in Asia could offset the impact of the recessions in the US and Europe - the so-called 'decoupling' theory - is ill-founded, said Hans Genberg, executive director of Hong Kong Monetary Authority (HKMA)…
Dinallo backtracks on regulating CDSs
New York State insurance superintendent Eric Dinallo shelved plans to bring a large slice of the credit default swap (CDS) market under the purview of the New York State Insurance Department (NYSID) during a US congressional committee hearing on November…
Demand wanes for central bank liquidity schemes
The appetite among European and US banks to access liquidity schemes provided by central banks has reduced dramatically, according to the latest figures.
Basel Committee outlines supervision strategy
Daily news headlines
S&P: AAA RMBS writedowns will be minimal
AAA rated tranches of US subprime residential mortgage-backed securities (RMBS) will be written down by less than 1%, despite heavy losses on the underlying mortgages, rating agency Standard & Poor's predicts.
Contenders queue up for Tarp funds
An increasing number of organisations are applying for the $250 billion Capital Purchase Program (CPP), part of the US government's $700 billion Troubled Asset Relief Program (Tarp).
Ambac to commute $3.5 billion in CDO exposure
Ambac Financial announced on Wednesday that it has arranged a deal with counterparties to close out exposure to four collateralised debt obligations (CDOs) with a cash settlement of $1 billion.
Wellink: Banking should be 'shock absorber' for financial system
Daily news headlines
G-20 principles spell increased financial regulation
Daily news headlines
BNP launches carry trade alternative
BNP Paribas has launched two new FX indexes, Galaxy Alpha and Alpha plus, which aim to offer an alternative to traditional carry trade strategies, which have underperformed over the past year given extreme volatility in FX and interest rate markets.
Executive pay reviewed at Barclays, UBS and Goldman
Barclays, UBS and Goldman Sachs have announced moves to halt bonus payouts for top executives in 2008, as huge subprime losses and writedowns have placed compensation policies under increased scrutiny.