Risk Staff
Follow Risk
Book contributions by Risk Staff
Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Five banks form Swiss Structured Products Association
Five Swiss-based banks have launched the Swiss Structured Products Association (SSPA), in an effort to increase understanding and acceptance of structured products.
The Great Ratings Debate Continues
Controversy over how the major credit ratings agencies operate broke out again at a conference hosted by the Bond Market Association earlier this year.
Fisco publishes study on barriers to cross-border securities trading
The European Commission’s Clearing and Settlement Fiscal Compliance expert group (Fisco) has issued a fact-finding study examining EU fiscal compliance procedures for clearing and settlement of cross-border securities transactions. The study analyses how…
CEBS extends the deadline for responses to questionnaire on large exposures
The Committee of European Banking Supervisors (CEBS) has granted an extension to the deadline for industry to comment on the EC’s call for advice on large-exposure rules following industry concerns related to the tight timeline. The revised deadline is…
Amex lists three new products
The American Stock Exchange (Amex) has listed three new structured products, as the exchange seeks to up its listings yet again this year. At the end of December 2005, Amex traded 373 structured products bringing to market 136 new structured products in…
FSA publishes letter detailing views on fighting money laundering
The Financial Services Authority (FSA) has today published a letter written to Ian Mullen, chair of the Joint Money Laundering Steering Group (JMLSG), detailing implications of the group’s guidance to the development of the Anti-Money Laundering (AML)…
Federal Reserve publishes changes to the quarterly report of assets and liabilities of large foreign offices of US banks
The Fed has approved changes to the Quarterly Report of Assets and Liabilities of Large Foreign Offices of US Banks (FR 2502q).
BIS releases provisional international banking statistics
The BIS has released provisional data for the end of the fourth quarter of 2005 for both its locational and consolidated banking statistics. The locational statistics provide an insight into the aggregate international claims and liabilities of all banks…
EC updates FSAP imposition tables
The EC has updated its tables on the transposition of the Financial Services Action Plan (FSAP), detailing the current state of play specific to each of the member countries. Greece and Luxembourg are currently the most behind in implementing the…
Globes report shows Israeli banks’ IT spending up by 28%
A report done by Globes, a financial press in Israel, shows that meeting Basel II regulations has increased IT spending by 28% in 2005, and the figure is expected to rise.
Commercialbank offers emerging markets investment
Qatar-based Commercialbank has launched a new investment product providing investors with the opportunity to invest in emerging markets, knowing that their capital is fully protected.
ONAM hires institutional head - structured products one of priorities
Old Mutual Asset Managers (UK) (OMAM) has hired Dermot Keegan as managing director of its institutional business.
Wohlenberg steps up to head STOXX supervisory board
Holger Wohlenberg, managing director of Deutsche Borse, has been elected chairman of the supervisory board of STOXX.
BNP Paribas to expand equity derivatives team by 200
BNP Paribas is increasing the headcount of its equity derivatives division by almost a third, in an effort to tap the growing demand for equity-linked products from emerging markets. In an interview with RiskNews ( Structured Products' sister publication…
HKMA publishes plans for Basel II implementation
The Hong Kong Monetary Authority (HKMA) today published its annual report for 2005, in which the authority announces its current progress with Basel II implementation and tasks due to be completed this year.
S&P to release report on use of data in IRB systems
Standard & Poor’s (S&P) will shortly release a white paper concerning the use of the company’s ratings default data in internal ratings systems for low default portfolios. S&P, expected to offer the report on general release next week, examines the…
BIS publishes papers on monetary policy regimes and price stability
The Bank for International Settlements (BIS) has published two white papers. The first discusses monetary policy regimes and macroeconomic outcomes in Hong Kong and Singapore. The second argues that price stability may not be a good indication of…
Mifid IT Group Becomes Think Tank
LONDON—The Joint Working Group (JWG) of the Markets in Financial Instruments Directive (Mifid) has lost its IT subject group because it has spun itself off as a for-profit think tank, JWG officials confirm.
The value of experience
Sunil Chadda was recently installed as head of Citisoft's hedge fund and derivatives practice. Victor Anderson speaks to him about trends that he's identified since his appointment, the impact Mifid (the Markets in Financial Instruments Directive) is…
Re-balancing risk priorities
Op risk managers are taking an integrated approach to the two thorns in their side – Basel II and SOX – writes Choongo Moonga
FSA executive on principal aims of Solvency II
John Tiner, chief executive of the Financial Standards Authority (FSA), has spoken about the FSA’s views on Solvency II. Tiner’s key message during the speech was that the FSA’s principal aim was to incentivise insurance firms to use modern risk…
Basel exec blasts home-host banks
NEW YORK – A Basel Committee executive blasted banks for not fully committing to their home-host projects and for using potential home-host difficulties as an excuse for not implementing Basel II as aggressively as they should.
Home-host heads for Asia
SINGAPORE – Although the home-host debate has not yet raged in Asia as it has elsewhere, this will change over the next 18 months as regulators in the region begin to publish their policy papers, said Jacob Gyntelberg, a senior economist at the Bank for…
US Fed publishes new rules for US branches of foreign banks
WASHINGTON, DC – The Federal Reserve and other US regulators have adopted a final rule that requires US branches of foreign banks to maintain procedures designed to monitor Bank Secrecy Act (BSA) compliance. The rules would require a branch, agency, or…