Runaway credit growth was at the root of the crisis, and regulatory reform must start by clamping down on it, John Greenwood, chief economist at Invesco in London, told the Risk Derivatives Summit audience yesterday.
Proposed changes to the Basel II Accord’s trading book regime, due in early July, will make correlation trading uneconomical unless a compromise can be found, say dealers.
Hedge funds and fund managers should be subject to mandatory registration and an international system of oversight should be established for the hedge fund industry, the International Organisation of Securities Commissions' (Iosco) Technical Committee...
Environmental exchange BlueNext has launched a new registration service for brokers to help secure over-the-counter (OTC) EUA and CER spot transactions.
Volatile commodity pricing is the biggest risk facing power companies in 2009 according to risk management firm Aon's Global Risk Management Survey.
Julie Dickson, superintendent at the Office of the Superintendent of Financial Institutions (Osfi) in Canada, talks exclusively to Risk about how Canada's regulatory framework has helped institutions weather the financial crisis, and shares her views...
The Obama administration’s proposals on regulatory reform make it clear that, in future, size will matter to the regulation of US financial firms.
The Swiss National Bank (SNB) may impose size limits on Credit Suisse and UBS due to "unique" systemic risks in the Swiss financial system, it revealed on June 18.
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The Obama administration's much-hyped regulatory reform proposals disappointed over-the-counter derivatives dealers and end users yesterday by again failing to provide new details on how OTC markets with mandatory central clearing would operate.
Deutsche Börse Market Data and Analytics has introduced a product that provides fundamental data for electricity trading and real-time data for the European power market.
Securitisation regulation recently passed by the European Union could have problematic legal implications for originators and investors, according to lawyers.
Troika Dialog closed the book earlier today on its first issue of capital protected notes in Russia. The Troika Index Bonds were issued by a special purpose vehicle - OAO Troika Invest - and incorporate a binding offer from by Troika Dialog Investment...
Pure Capital, a New Zealand-based quant hedge fund manager, has launched a new open ended fund which aims to provide protection similar to a structured product but make money in both rising and falling markets, replicating the standard strategy adopted...
In an exclusive interview with Risk , Stefan Walter, secretary general of the Basel Committee on Banking Supervision, discusses everything from capital to cyclicality while outlining the reform agenda for Basel II.
The International Swaps and Derivatives Association’s collateral committee has revealed a set of goals for improvements to collateral management processes.
US regulators will require originators and sponsors of securitisations to retain 5% of securitised exposures and increase transparency of transactions, according to a leaked draft of a US Treasury report on improving the regulatory system, due to be...
Industry commentators have spoken out about the provisions for early adoption of carbon emission reduction strategies in the cap-and-trade legislation currently going through the US House of Representatives.
New York-based rating agency Standard & Poor's (S&P) has cut its ratings on 18 US banks - a decision reflecting less-favourable operating conditions, greater volatility in financial markets and tighter regulatory supervision, according to the firm.
There has been some improvement in worst-case expectations for defaults on UK residential mortgage-backed securities (RMBS) in the second quarter, according to research by Standard & Poor's Fixed Income Risk Management Services.
The financial crisis generally puts paid to all things environmental, but not now. Deutsche Bank has just launched to retail and institutional investors two new Ucits III funds based on "a stock portfolio of attractively valued companies with low greenhouse...
Point Carbon, an energy and environmental market analyst, has launched its first power trading analytics tool for the North American market.