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Dodd-Frank Exemption for Single N.Y. Bank Advances in House  

May 31, 2012
A New York City bank with $10.5 billion in assets would be the sole beneficiary of a Dodd-Frank Act exemption approved today by the House Financial Services Committee. Emigrant Bank asked lawmakers on the committee to approve a change to the 2010 financial-regulation overhaul law that will save the institution $300 million. The committee voted 35-15 today to approve the measure.
 

Dodd says JPMorgan loss proof of legislation need  

May 31, 2012

MOSCOW, May 31 (Reuters) - Former U.S. Senator Christopher Dodd said the shocking disclosure by JPMorgan Chase & Co of a $2 billion trading loss is proof of the need for legislation he co-authored to limit excessive risk-taking by banks. "This was a big deal, it might have sounded like a minor glitch but there were some major commitments made here," said Dodd, speaking to Reuters on the sidelines of a Moscow conference, when asked about the JPMorgan trade.

 

Trade Credit Insurers Balk at Greek Risk  

May 31, 2012
Two of the world’s biggest trade credit insurers have stopped providing cover for exporters to Greece in highly unusual moves reflecting their concern the country might leave the euro zone. Brokers said the decisions by Euler Hermes and Coface were the only instances they could recall of trade credit insurers pulling out altogether from a European country.
 

Credit-Default Swaps in U.S. Climb on Europe Crisis Concern  

May 31, 2012

A gauge of corporate credit risk increased by the most in more than two weeks as Spain grapples with measures to recapitalize its banks and the number of Americans signing contracts to buy previously owned homes fell.

 

Credit Swaps in U.S. Fall on Signs Greece May Stay in the Euro  

May 30, 2012
An index of corporate credit risk declined as concern lessened that Greece would leave the euro even as a gauge of U.S. consumer confidence slipped to a four- month low.
 

Fed to consider Basel III rules next week  

May 30, 2012
The Federal Reserve is scheduled to vote next week on a highly anticipated proposal for implementing an international agreement on higher capital standards for banks, known as Basel III. The Fed announced the June 7 meeting, which will be open to the public, on its website on Wednesday. The U.S. central bank is expected to put the proposal out for public comment.
 

Oracle Capital Extends Usage of Quantifi for OTC Risk Management and Reporting  

May 30, 2012
ONDON & NEW YORK, May 30, 2012 (BUSINESS WIRE) -- Quantifi, a leading provider of analytics, trading and risk management solutions for the global capital markets, today announced that Oracle Capital, a Hong Kong-based investment fund, has licensed Quantifi's award-winning trading and risk management solution Quantifi Risk.
 

Oracle Extends Usage of Quantifi for Risk Management and Reporting  

May 30, 2012

London and New York – Quantifi, a leading provider of analytics, trading and risk management solutions for the global capital markets, today announced that Oracle Capital, a Hong Kong-based investment fund, has licensed Quantifi’s award-winning trading and risk management solution Quantifi Risk.

 

OTC clearing under fire as buy-side condemns cost hike  

May 30, 2012
Central clearing for OTC derivatives does not make for a safer market and may increase costs for end-investors, Barry Hadingham, head of derivatives and counterparty risk, Aviva Investors, has warned.
 

Banks shrink from counterparty risk as euro crisis rolls on  

May 29, 2012
Alarmed by Europe's latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking on risky exposures to rivals who could be about to be whipsawed by bad debts.
 
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