Foreign exchange/Risk management
Philips’ risk manager highlights VAR’s inadequacy
Value-at-risk can be an inadequate and inappropriate measure of risk for corporates, said Mark Kirkland, Amsterdam-based global head of financial risk services at Philips Electronics.
Potential for instability over-hyped, says Ferguson
The potential for the new risk management instruments and techniques to produce instability has been overestimated, Federal Reserve vice-chairman Roger Ferguson told delegates at a conference in New York, sponsored by the American Institute of Certified…
Risk managers set to benefit from drive to address FX operational risks
Foreign exchange risk managers are waking up to new ways of addressing operational risk in the FX markets, Paul Fisher, head of the foreign exchange division at the Bank of England, told delegates at FX Week 's first congress in London this morning. As a…
Macro magic
Permal's global macro strategy has worked wonders for its FX, Financials and Futures fund.
US interest rate moves increases market activity
Managers are moving to take advantage of the current FX climate.
UK opposed to allowing wider op-risk insurance role in European capital rules
LONDON – UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
Basel II helps German banks focus on risk, says Moody's
A renewed focus on profitability and strategic refocusing among German banks leads Moody's Investors Service to believe that “the country's banks will not undergo a systemic crisis”, the rating agency said in a report on the German banking sector,…
EU capital rules remain on tight deadline
European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, and yesterday's issue of a EU progress report is a positive step, officials at European banking organisations said.
Basel II helps German banks focus on risk, says Moody's
A renewed focus on profitability and strategic refocusing among German banks leads Moody’s Investors Service to believe that “the country's banks will not undergo a systemic crisis”, the rating agency said in a report on the German banking sector,…
Basel II related IT spending to increase at European banks, says Celent
NEW YORK - Spending on IT for compliance with the Basel II capital accord in European Union (EU) banks is set to rise to more than €600 million in 2006 from just over €300 million in 2002, according to an analyst at US research and consultancy company…
EU capital rules remain on tight deadline
LONDON – European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, but the issue today of a EU progress report is a positive step, officials at European banking organisations said today.
Europe considers wider op-risk insurance role in new capital rules
BRUSSELS - The European Commission confirmed today it proposes the possible recognition of operational risk insurance as a way of reducing capital charges in all three methods of measuring op risk in its new protective capital rules for banks and…
Europe considers wider op risk insurance role in new capital rules
The European Commission confirmed today that it proposes the possible recognition of operational risk insurance as a way of reducing capital charges in all three methods of measuring op risk in its new protective capital rules for banks and investment…
Citigroup, Deutsche Bank and UBS Warburg dominate FX derivatives in FX Week awards
Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.
HSBC’s purchase of Household triggered credit rally, according to BoA
Bank of America (BoA) has used its new credit risk model to show, quantitatively, how HSBC’s proposed purchase of Household International, announced last Thursday, sparked a credit rally.
EU expected to report on Cad 3 progress next week
BRUSSELS – The European Commission is expected to give details on November 18 about how it intends applying the complex Basel II bank safety rules in the European Union, commission officials confirmed today.
Basel II will lead to more instability, critic argues
LONDON - The Basel II bank capital accord will result in more banking instability and more pro-cyclicality, where bank actions taken in response to solvency rules reinforce economic and market cycles, a leading critic of the accord said in October.