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Demand from European insurance companies is expected to generate an increase in synthetic collateralized debt obligation issuance by year-end, according to panelists at the Information Management Network’s 3rd Annual European Structured Credit Products Summit in London today.
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The U.K. Financial Services Authority is placing greater scrutiny on structured finance products as the market begins to stir back to life, and will veto any structures it considers too risky.
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Structured credit products chalked up the biggest chunk of trading losses for investment banks in the U.K. over the financial crisis—more than 70% of the total against 13% for prop trading and 3.46% for equity derivatives.
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Markit launched a leveraged loans index yesterday, just in time to mark a 0.1% softening in the market.
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Michael Fallon, an opposition member of the U.K. parliament and its Treasury Select Committee, made the case for regulatory and government action on banker bonuses.
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The U.S. Structured Products Association hosted its fifth annual Autumn Expo Nov. 9 at NASDAQ MarketSite in Times Square, New York.
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Most brokers and investment advisors that cater to the U.S. retail market are still cautious about touting exotic structures, according to buyside panelists.
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Several index providers were pitching equity commodity-themed indices to structurers at today’s Structured Products Association’s fifth annual autumn expo in New York.
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Russia’s Federal Financial Markets Service has offered a Parliamentary bill to legalize close-out netting for derivatives along existing International Swaps and Derivatives Association guidelines.
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An assortment of Wall Street bigwigs—and regulatory top dogs Tim Geithner and Mary Schapiro—came up to Times Square on Tuesday for the Securities Industry and Financial Markets Association’s annual meeting.