Philip Halperin, chief risk officer at Alfa-Bank, likens his move to Russia to Alice’s tumble down the rabbit hole into another world. A world where the concept of operational risk did not exist. But...
Bankrupt financial services group Refco has failed to sell its foreign exchange brokerage, and its securities broking arm has been ordered to pay $122 million compensation to a Russian customer.
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Refco group articles
A federal judge approved Man Group's purchase of the broking business of the bankrupt Refco financial services group yesterday for $282 million in cash, plus debts. Meanwhile, Refco's former chief executive Phillip Bennett was indicted for eight counts...
The controversy surrounding Refco has not hindered operations at its futures commission merchant (FCM) subsidiary, according to derivatives exchanges.
The European arm of New York-based financial services firm Refco has hired two brokers to form an over-the-counter (OTC) energy derivatives team. Glen Ward and Andrew Riddell join Refco Overseas in London from US broker Amerex’s London office.
Boston-based private equity group Thomas H Lee Partners (THL) will acquire a majority stake in Refco, a New York-based financial services firm involved in derivatives execution and clearing, as well as a provider of prime brokerage services for fixed...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future