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Tighter supervision of how banks calculate benchmark indexes is unlikely to lead to rules which ban the use of estimates rather than actual transactions, European internal markets Commissioner Michel Barnier said Monday.In an e-mailed statement, Mr. Barnier said he will present his colleagues in the European Union's executive a legislative proposal before the summer, which will aim to increase transparency and reduce conflicts of interest in the way benchmarks are calculated.The proposal is the European Commission's response to the Libor rate-fixing scandal, which has seen several major banks pay large fines for fixing interest rate indexes. The EU's antitrust authorities are also carrying out a probe into possible bank cartels to influence Libor, the London Interbank Offered Rate, Euro Interbank Offered Rate and Tibor, the Tokyo rate."Benchmarks underpin lots of contracts. As concerns the representativiness of the underlying data, I'm of the opinion that to the greatest extend possibl...
The House of Representatives voted to extend the nation's borrowing limit an additional four months, through May 18.The "No Budget, No Pay Act" now buys Congress mor...
Even Hurricane Sandy hasn't stopped a banner year for catastrophe bonds.Early loss estimates from Sandy have ranged as high as $25 billion, according to disaster-mod...
David Joy, Ameriprise Financial chief market strategist, on why now is the time to take risk off the table due to looming uncertainty, including the fiscal cliff.
French Finance Minister Pierre Moscovici urged the euro zone on Tuesday to take a first step to mutualise its short-term debt, stopping short of jointly-issued "Euro...
China is readying new regulations governing credit ratings of bonds traded in the inter-bank market in a bid to boost activity in the fledgling sector, two sources c...
With U.S. stock and bond markets closed for a second consecutive day on Tuesday, October 30 because of Hurricane Sandy, it's an ideal time to look at exchange-traded...
Three years of crisis in the euro zone have thrust the once-sleepy government debt market into the public spotlight and transformed the way bonds are viewed, valued ...
How do private equity firms deal with banks' reluctance to stump up the money to back buyouts? They become lenders themselves.When Swedish buyout firm EQT bought BSN...
Indonesia's PT Berlian Laju Tanker , the world's third-largest chemical shipper, hopes to restructure its $1.9 billion debt by the year-end and will switch its focus...
Spain's debt will reach 90.5 percent of gross domestic product by end 2013 after hitting 85.3 percent of GDP by the end of this year, the government's budget documen...
These days, few investors hew to the old rule of holding the equivalent of your age, in percentage terms, in bond investments. This is particularly true for those on...
India's Jaiprakash Associates Ltd. (532532.BY) has launched an overseas convertible bonds issue to raise up to $200 million, the company said in a regulatory filing ...
Tighter supervision of how banks calculate benchmark indexes is unlikely to lead to rules which ban the use of estimates rather than actual transactions, European in...
SeaWorld Entertainment launched its initial public stock offering on Friday, and among the lead underwriters was Goldman Sachs, the great vampire squid.With SeaWorld...
Turkey's Yapi ve Kredi Bankasi (YKBNK.IS), or Yapi Kredi, plans to issue up to $2 billion worth of international bonds or other debt instruments denominated in Turki...
Goldman Sachs Group Inc (GS) plans to issue around 457 billion pesos ($966 million) in Chilean peso-denominated inflation-indexed bonds with a 50-year maturity, acco...
Rep. Michael Grimm, (R-N.Y.), weighs in on the Fed, economy and monetary policy.
Van Eck's Market Vectors unit, the fifth-largest U.S. ETF issuer, today introduced the Market Vectors BDC Income ETF (NYSE: BIZD), a fund the firm says is the first ...
Think your credit card issuer only looks at your income and FICO score when deciding what kind of credit card you deserve? Not anymore.As millions of Americans recov...
