News/Risk management/Central banks
JP Morgan launches implied volatility indexes
JP Morgan has launched indexes tracking the level of implied volatility in G7 and emerging-market economies.
Regional co-operation and micro and macro supervision are key to EMEA financial stability
Extra prudential pillars must bolster Basel pillars in Asian markets, says HKMA deputy chief executive.
Delinquencies on RMBS give investors a headache
Rising levels of defaults on UK mortgages and credit card debts are forcing rating agencies to take a hard look at residential mortgage-backed securities and other securitisations
Economic instability does not preclude banks from using IRB, finds FSI award winner
Valles’ paper on using a TTC rating system for credit risk allows developing countries to use IRB, even after a crisis.
Bank of China becomes CLS Group shareholder
Bank of China (BoC) has become the first Chinese bank with a shareholding in settlement provider CLS Group.
ILC to be under BHCA umbrella
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In Brief:
EC adopts Level II implementing measures to money laundering directive BIS begins triennial central bank survey
Barcelona summit highlights challenges of ABS growth
Global ABS conference focuses on reporting standards in asset-backed securities market
Sponsor’s article > Pan-European Credit Data Consortium Case Study: Credit Data Pooling by Banks for Banks
Institutions seeking to apply the internal ratings-based (IRB) approach under Basel II are required to provide accurate estimates of their credit risks. However, most banks do not have enough internal data on default and recovery to calculate reliable…
Argentina returns to credit market
Strong economic recovery enables Argentina to issue its first bond since 2001 default
Isda to include single-name trades in cash settlement
Following six successful credit event auctions, Isda extends the settlement process
Greenspan 'appalled' by credit derivatives processing failings
Former Fed chief hits out at sloppy CDS documentation procedures
Briefs
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