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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…
Nomura takes on ex-Lehman staff
Nomura, the Tokyo-based financial services group, has appointed Thomas Siegmund and Jai Rapal as joint heads of fixed income for Asia-Pacific, excluding Japan. They will both report to Zenji Nakamura, head of global fixed income.
End of the boom?
Canadian oil sands production has grown rapidly in recent years, but are rising project costs and falling oil prices now jeopardising projects? Pauline McCallion investigates
Paul Ezekiel
You don't need to be brain surgeon to be a successful carbon trader, but it helps, Paul Ezekiel, managing director and head of carbon trading at Credit Suisse, tells Pauline McCallion
Trader and equity derivatives heads depart DB
Two senior equity derivatives heads and one equity derivatives trader have left Deutsche Bank after it reported €386 million in losses on its equity prop trading book.
Quant Congress Europe: Regulatory focus to switch to leverage
At the keynote address at the European Quant Congress in London today, Peter Praet, executive director in charge of financial stability at the National Bank of Belgium, said that the Basel II regulatory framework will be revised to look more closely at…