Traders have seen a big increase in demand for debt protection on European bank debt, following a string of results announcements that saw a big increase in bad debt provisions, along with disappointing profits at European banks.
Deutsche Bank has appointed Barry Bausano as managing director and global head of hedge funds in its New York global markets division.
French technical analyst forecasting company BBSP has launched a service that charts and forecasts implied volatilities for currencies, officials at the firm said.
Deutsche Bank has hired Raj Shourie to head its Asia ex-Japan securitisation group, say bank sources.
Deutsche Bank has hired Matt Press as managing director and European head of structured capital markets within its global markets unit. The hire is a newly created position, said a Deutsche spokeswoman.
Deutsche Bank managing director for operational risk, Gerd Kühborth, told delegates at Risk magazine’s Risk 2002 USA conference late yesterday that effective operational risk boiled down to sound people management.
Commodity markets such as crude oil exhibit mean reversion as well as option smiles. David Beaglehole and Alain Chebanier meet this challenge, constructing a model suitable for pricing exotic options in these markets
Masterclass with Deutsche Bank
The future looks bleak for the remaining multi-bank foreign exchange trading portals, according to delegates at the sixth annual ACI European Congress in Luxembourg last week.
Lehman Brothers has made two new hires to its fixed-income derivatives team in Tokyo. The US investment bank named Jeremy Martin as head swap trader, and Atsushi Ikeno as senior structurer and marketer. They both report to Satu Parikh, Lehman's head of...
Deutsche Bank has hired David Prieul and Vladyslav Putiatin from Lehman Brothers to provide asset liability management (ALM) strategy research to its customers.
The first major interest rate swaps tear-up planned through TriReduce – a system developed by Sweden’s TriOptima – will take place via the internet later in the year, TriOptima founder and director Derk Brouwer told RiskNews .
As our survey in this issue shows, there is an increasing volume of barrier products traded in the forex options market. Here, Alexander Lipton and William McGhee discuss the pricing of barriers under various model frameworks, with particular focus on...
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on...
Deutsche Bank has expanded its energy derivatives trading business by opening a Calgary office.
Commodity markets such as crude oil exhibit mean reversion as well as option smiles. The authors construct a model suitable for pricing exotic options in these markets
Leaders of the US House Energy and Commerce Committee yesterday called on 10 investment banks and three credit-rating agencies to turn over records linked to Enron. Questions to the banks focused on loans to Enron and whether future business with Enron...
Deutsche Banc Alex. Brown, the US investment banking arm of Deutsche Bank, has added to its integrated credit trading group by hiring Michael Wheeler and Alex Marx as senior investment-grade bond traders.
Does the global presence of large multinational companies diminish the diversification effect inequity portfolios? Gary Robinson argues that this is indeed the case, and suggests a remedy
New UK accounting rule FRS 17 will force companies to disclose pensions liabilities on corporate balance sheets. The risk management issues are wide-ranging, and experts have few easy answers. Furthermore, the new rule could soon be adopted in a number...
Deutsche Bank has named Jonathan Paul as chairman of global markets, Asia-Pacific, based in Hong Kong. Paul will be responsible for the bank's global markets business in Asia, Japan, and Australia, including its derivatives operations.
Deutsche Bank has agreed to allow Pacific Investment Management Company (Pimco) full and unfettered access to its proprietary portfolio of corporate loans to secure the underwriting mandate for Pimco’s forthcoming Euro-denominated CDO.
Deutsche Bank has hired Michel Iskander to head its over-the-counter derivatives structuring business. He will manage a team of about 10 people in the newly created position. He will report to Toshio Okumura, head of the structured products group, and...
Nicholas Dunbar, Risk’s technical editor, introduces the first in a new series of technical papers written by quants at Deutsche Bank.“Default correlation has been one of the hottest topics in credit derivatives over the past year. So it is a pleasure...