Articles by Rob Davies
Reporting for duty
Reporting
Regulators push for operations changes
The derivatives industry is facing regulatory demands to improve operations-related issues. In recent weeks, both the President's Working Group on Financial Markets (PWG) and the Financial Stability Forum (FSF) have pushed dealers to enhance the…
Dealers work towards clearing house for credit default swaps
A group of dealers hoping to avoid the systemic implications of counterparty risk is working with the Clearing Corporation on establishing a central clearing house for certain credit derivatives products.
Banks urge pro-cyclicality review
The subprime crisis has sparked fears that regulators may insist on banks holding higher regulatory capital, a result some bankers insist would choke off lending and push the global economy into a recession.
EC outlines changes to CRD
The European Commission (EC) has launched a public consultation on more than 50 technical changes to the Capital Requirements Directive (CRD).
Banks pushed to change incentives
Banks are coming under increasing pressure from regulators, politicians and bank shareholders to review their pay and bonus structures to ensure traders are not incentivised to take excessive risks.
Power to the people
ABCP Conduits
Getting off track
Off-balance-sheet vehicles
Genius or blunder?
As more details emerge on the rogue trading scandal that caused a EUR4.9 billion loss, Société Générale appears more a victim of risk management failures than of a genius of fraud. But is this case a one-off, or are other institutions similarly…
Dragged down
Monolines