Cover story
Asia Risk Awards 2013: The winners!
Coverage of all the winners of this year's Asia Risk Awards
Oaktree’s Howard Marks keeps specialisation at the heart of expansion
Trying to get it right
Dodd-Frank commodity option rules sow confusion among energy firms
Confusion over CFTC rules is tying US energy firms in knots, as they struggle to determine whether their physically settled commodity options need to comply with critical rules issued under the US Dodd-Frank Act. Alexander Osipovich reports
Insurers explore new risk metrics in bid to refine economic capital models
European insurers are refining their internal economic capital models as regulators’ efforts to define statutory solvency requirements grind to a standstill. Louie Woodall reports
Cross-border cultural concerns are a priority for Raiffeisen
Raiffeisen Bank International operates across central and eastern Europe – op risk head Nicole Murtinger discusses the cultural challenges this brings her
Leverage rumpus: Banks protest impact of ratio revisions
Client clearing, repo markets, credit derivatives – the leverage ratio casts a shadow over them all. But the overarching complaint is that the ratio should remain a backstop, and it’s a point on which many regulators agree. Lukas Becker and Tom Newton…
Commodity trading houses face questions over systemic risk
The rapid growth of commodity trading houses has led critics to question whether these firms have become a source of systemic risk. But trading houses strongly reject such arguments, and suggest they are little more than paper tigers. Alexander Osipovich…
Vix challenged by new volatility index
A fix for the Vix?
Amundi AI sees AIFMD as key to unlocking European investor flows
Seeking alpha generation
Global capital standard raises calibration and consistency questions
International efforts to develop a global capital standard are gathering pace, but the plans are controversial, raising fears that the competitiveness of international insurance groups could be damaged. There are also questions over how any global…
Replacement costs add to OTC pricing upheaval
Down the rabbit hole
Solvency, GRC and surviving storms at The Hartford
US insurer's op risk head Kay Rahardjo discusses solvency regulations and the lessons learned from 2012's superstorm
Global insurer systemic risk proposals stoke controversy
Saving the system
Hedge funds play key role in Ontario Teachers’ Pension Plan
Seeing the bigger picture
Bond ETFs under stress in market sell-off
Beyond redemption?
European regulators get to grips with Remit monitoring
By mid-2014, the Regulation on Wholesale Energy Market Integrity and Transparency is expected to see European energy market participants reporting masses of information about their trading activity to regulators. How do regulators intend to use this data…
Singapore faces double-oversight confusion
Servant of two masters
The great unwind: Buy-side fears impact of market-making constraints
Some buy-side firms are already calling it the great unwind – the migration out of the huge bond portfolios buy-side firms have built up in recent years, as rates eventually rise. But with dealers less able to play the role of liquidity provider, it…
OCC's DuChene warns smaller banks to beware of cyber threat
As cyber threats continue to grow for financial institutions, it’s no surprise that regulators are becoming increasingly concerned about the operational risks they give rise to. The OCC’s Carolyn DuChene talks to OpRisk about banks’ increased reliance on…
Paloma’s Sussman forecasts growth for hedge fund industry
Promise to deliver
Liquidity improves in Canadian heavy oil derivatives
Trading in derivatives linked to Western Canadian Select (WCS) heavy crude oil has jumped in the past few years, giving the country's producers improved opportunities to hedge. But the lack of a unified WCS price index has made it difficult for liquidity…
Sigtarp promises more aggressive prosecutions in US
The US has taken an aggressive stance in prosecuting those involved in the financial crisis. The Special Inspector General for the Troubled Asset Relief Program (Sigtarp) has so far jailed 43 individuals for fraud, waste and abuse related to Tarp…
Indian corporates count forex losses from rupee depreciation
Living on the hedge