 |
Don't have an account? Get a FREE trial
Find out more
Sign up for award winning journalism, daily email alerts & more.
Or Try our 4 Week FREE trial subscription.
For online access you may need a corporate licenseOr Try our 4 Week FREE trial subscription.
Find out more
Wednesday
07 January 2009
13:54 GMT
Financial News Feeds 
Women in finance survey - PDF 91k
In September, Financial News surveyed 1350 women working in the financial services industry about gender bias in the workplace. Nearly 60% believed their gender made it harder to succeed. Just 3.5% felt being a woman made it easier to succeed. A third of respondents worked in investment banking, nearly a fifth in asset management, another fifth in financial technology, 10% in law and about 5% in each of private equity, hedge funds, wealth management and securities trading. Click here to dowload the survey results in full.
The future of capital markets - PDF 655k
The balance of power in global financial markets is shifting. As the world becomes flatter and different sources of wealth seek new areas of investment, financial institutions will have to position themselves carefully. Financial News examines how the credit crisis has catalysed this flattening effect and the challenges investment banks face.
Feature
Derivatives Quarterly - Jumping on the regulatory bandwagon
17 Nov 2008
Derivatives Quarterly - Jumping on the regulatory bandwagon
17 Nov 2008
Charlie Munger, Warren Buffett’s usually taciturn wingman, recently suggested that banning all derivatives contracts would help bring Wall Street back into line.
Even financial instruments designed to offer protection against rising prices and the cost of goods have struggled to shield themselves from the ravages of the credit crisis. Inflation derivatives have seen a marked drop in volumes, and liquidity especially has been hit hard by the withdrawal of hedge fund investors.
When it comes to the trading of derivatives, the world’s exchanges have always found they are not so much competing with each other as with the vast over-the-counter market.
The credit crisis and the demise of Lehman Brothers have squeezed new issuance of equity structured products and dented confidence in a market that a few months ago retail investors were embracing as a means to protect against losses.
The credit repo market has ground to a halt as prime brokers retrench from financing portfolios and liquidity in the interbank market evaporates, leaving traders, leveraged investors and central banks facing questions about pricing, counterparty credit risk and future mechanics of the market.
When Lehman Brothers defaulted in October, credit default swap investors faced the reality of the double default risk.
If exchange heads are concerned with anything other than capturing credit derivatives clearing business, they are hiding it well.
Morgan Stanley analysts estimate that if the IntercontinentalExchange captures the coveted credit derivatives clearing business, it could be worth as much as $15 a share to the company.
- The view from Harvard 05 Jan 2009
- Outlook for 2009 04 Jan 2009
- Year End Review - Investment banking 15 Dec 2008
- Year End Review - Asset management 15 Dec 2008
- Year End Review - The storm that was 2008 15 Dec 2008
- Year End Review - Private equity 15 Dec 2008