Global Banking News-January 8, 2015--Credit Suisse sells commodities trading book
The Securities and Futures Commission (SFC) in Hong Kong has fined Merrill Lynch (Asia Pacific) and Merrill Lynch Futures (Hong Kong) $3,500,000 for systems and controls failings associated with the mis-marking activities in a trading book
NEW YORK -- Fitch Ratings views the Basel Committee on Banking Supervision's fundamental review of the trading book
as a potentially positive step towards global capital harmonization.
Global Banking News-December 22, 2014--Citi buys commodities trading book
from Credit Suisse
Global Banking News-October 21, 2014--Citi purchases Deutsche's commodities trading book
Citigroup Inc (NYSE: C) has purchased an energy and metals commodities trading book
from Deutsche Bank (NYSE: DB).
and the trading book
in separate transactions, which are expected to be completed within the next 12 months.
Global Banking News-September 18, 2014--Citi purchases base metals trading book
from Deutsche Bank
Global Banking News-August 22, 2014--Deutsche Bank sells North American gas trading book
to Morgan Stanley
A Basel II regulatory capital module - to improve compliance in the credit risk area, for both the trading book
and the banking book.
Covers the entire spectrum of related issues including: the treatment of credit risk, securitisation, the establishment of an effective operational risk framework and trading book
Non-regulated operations are mainly conducted through the Merchant Services subsidiary and consist of peaking merchant generation plants, the Elwood tolling contract, Everest Communications and a legacy trading book