People
Obama officially names Geithner next US Treasury secretary
US President-elect Barack Obama has officially named Timothy Geithner, president of the Federal Reserve Bank of New York, as his appointee for US Treasury secretary.
Fed opens $800 billion war chest to aid securitisation recovery
The Federal Reserve Bank of New York has unveiled ambitious proposals to purchase up to $800 billion of agency mortgage-backed securities (MBS) and extend credit to holders of cash asset-backed securities (ABS) in an effort to prop up the securitisation…
WaMu names new president and CFO
Troubled US savings bank Washington Mutual has made two senior appointments amid restructurings at the firm.
RBS traders join Phoenix
Royal Bank of Scotland's (RBS) head of high yield credit default swap trading Steve James has stepped down in order to join the London office of interdealer broker Phoenix Partners.
CBOE re-elects six board members
Members of the Chicago Board Options Exchange (CBOE) re-elected six incumbent directors to its board on November 20.
Lehman replaces CEO with restructuring expert
Richard Fuld will step down from his position as chief executive officer of Lehman Brothers at the end of this year, remaining in his role as chairman.
Tullett Prebon names Duckworth as COO
London-based interdealer broker Tullett Prebon has appointed Steph Duckworth as chief operating officer.
US Treasury secretary Paulson speaks out on international regulatory overhaul
Daily news headlines
Contenders queue up for Tarp funds
Daily news headlines
Jaime Caruana appointed as BIS general manager
The Bank for International Settlements (BIS) has named Jaime Caruana as general manager. His appointment takes effect from April 2009 and is for a five-year term.
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…
Basel Committee outlines supervision strategy
Daily news headlines
CME hires O'Connell as clearing head
CME Group has appointed Michael O'Connell as managing director of its clearing business development, a newly-created role, to help develop the exchange's clearing activities.
G-20 principles spell increased financial regulation
Daily news headlines
MAS review of structured products may lead to regulatory changes
The Monetary Authority of Singapore (MAS) may make changes to regulation governing the structured products industry it emerged yesterday during the country's parliamentary sitting. The MAS is undertaking a review of the regulatory regime for the…
HSBC terminates swaps in Lehman Bros minibonds
The Monetary Authority of Singapore (MAS) says HSBC Institutional Trust Services, the trustee of Lehman Brothers' defaulted minibond notes programme, has terminated the swaps that back series 1 to 8 of the programme, to remove the risk of credit events…
Rabobank appoints renewables and carbon credit head in Asia
Rabobank International has promoted Jotdeep Singh to a newly created role as head of its renewable energy and carbon credits business in Asia. Based in Singapore, he will oversee transactions mainly in wind energy, biomass, solar and other renewables,…
Paulson: buying MBSs no longer Tarp priority
Daily news headlines
EC outlines proposal to regulate rating agencies
Daily news headlines
Markit names risk management head
London-based data provider Markit has appointed Sal Naro as global co-head of equities, commodities and risk management.
Paulson: buying MBSs no longer Tarp priority
Treasury secretary Hank Paulson closed the door to systematic US government purchases of illiquid mortgage-backed securities under its $700 billion Troubled Asset Relief Programme (Tarp), during a briefing in Washington, DC today.
EC outlines proposal to regulate rating agencies
The European Commission (EC) today outlined a formal proposal to regulate credit rating agencies, which it hopes will improve the quality of ratings, restore investor confidence and reduce the conflicts of interest “inherent to the ratings business”.
Lukken calls for regulatory overhaul as he prepares to step down
Walter Lukken, acting chairman of the US Commodity Futures Trading Commission, today called for new oversight arrangements and defended the independence of the CFTC, in one of his last speeches before he leaves his post in January.
Deutsche drops three and takes closer control of equity derivatives trading
Michele Gissi and Roger Naylor have been named by Deutsche Bank as the new co-heads of global equity derivatives, following the departure of Richard Carson, head of global equity derivatives (GED), Nino Kjellman, head of Asia equity derivatives, and…