Foreign exchange
Uncertain futures
Special Report: Foreign exchange
Taking the slow road
Special Report: Basel II
Chains of command
Reporting lines
Dubai and sell
Profile
Ready for a bumpy ride
Special Report: India
Unfit for consumption
Special Report: Commodity Futures
On the backburner
Special Report: Credit derivatives
Corporates burned
Cover story
An auspicious debut
Risk Korea conference
The blame game
Accounting
Points of principle
Liquidity risk
Ratings agencies must try harder, Sifma says
A report from the Securities Industry and Financial Markets Association (Sifma), a New York-based industry lobby group, has criticised efforts by the major credit rating agencies to reform themselves.
Ambac clears deck of $1.4 billion CDO-squared
New York-based bond insurer Ambac has rid its books of exposure to a $1.4 billion collateralised debt obligation-squared (CDO-squared) transaction, by commuting a guarantee written on it for arranger Citi.
Fed’s OTC processing targets expanded to interest rates and commodities
For the first time, major traders of over-the-counter derivatives have pledged to improve operational efficiency for interest rates and commodity derivatives, as well as further improve processing speeds for credit and equity derivatives.
EC works to cut reliance on rating agencies
The European Commission hopes to reduce the dependence of financial institutions, regulators and governments on rating agencies, which it sees as a key factor in the current financial crisis.
US securities regulator extends emergency short-selling order
Daily news headlines
BarCap works to revive life insurance securitisation
For Barclays Capital, a recent £250 million ($495 million) securitisation of part of UK insurer Aegon Scottish Equitable’s life portfolio proves there’s life left in the life insurance securitisation market.
Firms heed Kerviel lesson by linking front and back offices
Daily news headlines
MSCI Barra produces global currency indexes
MSCI Barra has launched global currency indexes that can be licensed for portfolio management and benchmarking purposes, as well as to serve as the basis of structured products and other index-linked investment vehicles such as ETFs.
Lyxor AM launches first ETF on Gulf region
Lyxor Asset Management, the exchange-traded fund (ETF) arm of Société Générale, has launched the first ETF focusing on Kuwait in collaboration with Coast Investment and Development Company, on the London Stock Exchange.