Westpac
Risk Australia Rankings 2011: Internationally connected
High interest rates, a strong currency, and rapid increases in volatility amid turmoil in European and US debt markets have resulted in another challenging year for the derivatives dealers and brokers in Australia. During a period that saw foreign banks…
OpRisk Asia: reputation is a different breed of risk, panel says
Reputational risk can be managed but not modelled, speakers say
Investors debate the future of Australian debt markets
Debt prospecting down-under
GFI Fenics makes four new hires across Asia-Pacific
GFI Fenics, a subsidiary of GFI Group, adds four new members to its commercial team in Asia-Pacific.
New Zealand banks still prone to offshore wholesale funding risks
The asset quality and capitalisation of New Zealand banks remains strong but dependence on wholesale funding is still a risk, say credit rating agencies.
Product suitability top concern for Asia op risk managers
A suitable ploy
Risk Australia: Basel III being hijacked by politicians in Europe and US; ABA chief slams levy buffer as tax 'export’
Australian bankers attending Risk Australia in Sydney were worried that reforms aimed at supporting other countries' financial sectors may weigh heavily on their own shoulders.
Risk Australia Rankings 2010: Tough at the top
The eurozone debt crisis and still-nervy stocks haven’t been enough to depress Australian derivatives markets, and competition has intensified over the last 12 months. Last year’s top two banks retain their hold – but they have a host of other dealers…
Risk Australia Rankings 2009: The debt dividend
Following a major sell-off in the second half of last year, the antipodean financial markets are seeing significant inflows of foreign capital in 2009 due to the resilience of the Australian economy. Dealers are also profiting from derivatives activity…
Nomura names Oz fixed income head
James Land leaves Westpac to boost Nomura’s fixed income team.
Eurozone sovereign CDS spreads widen amid continuing contagion fears
Widening continues on eurozone CDS spreads as Australian banks feel the pinch from the Greek debt crisis
Betting on basis
Large offshore capital raising efforts by Australia’s banks and a relative dearth of activity in the kangaroo bond market has led to a significant widening in the cross-currency basis swap. This imbalance has created a large profit opportunity for fund…
Confidence crunch
Many financial institutions calibrate their required level of economic capital by considering the probability of default associated with a target debt rating. However, as the financial crisis has shown, confidence in a bank can erode before its Tier I cap
Confidence crunch
Many financial institutions calibrate their required level of economic capital by considering the probability of default associated with a target debt rating. However, as the financial crisis has shown, confidence in a bank can erode before its Tier I…
In the zone
Operational risk
In the zone
Profile: Chris van Aanholt
Westpac suffers 'fat finger' op risk loss in New Zealand
Losses & Lawsuits
A clear example
Op risk in Australia
A long road ahead
Basel II
Australia and Singapore lead Basel II implementation in Asia
Australia and Singapore’s banks are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a report released this week by Standard and Poor’s. But even banks operating in these countries face considerable challenges…
NAB forex derivatives rejig continues
National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.
Westpac buys new risk management software
Australian bank Westpac has licensed SunGard's Credient, part of its Adaptiv credit risk infrastructure.
Westpac buys new risk management software
Australian bank Westpac has licensed SunGard’s Credient, part of its Adaptiv credit risk infrastructure.
Westpac expands foreign exchange sales
Dorene Mallon has joined Westpac in New York today as a senior vice-president in institutional foreign exchange sales. She reports to David Beale, global head of institutional sales at the Australian bank in London.