Risk Staff
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Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Qatar regulatory authority joins Islamic Financial Services Board
The Qatar Financial Centre (QFC) regulatory authority today announced that it has joined the Islamic Financial Services Board (IFSB), the international standard-setting body for regulatory and supervisory agencies that have a vested interest in ensuring…
MoU between EU/EEA and Swiss supervisors on insurance supervision agreed
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Federal Office of Private Insurance (FOPI) have released a memorandum of understanding (MoU) designed to facilitate information exchange between the EU/EEA…
IMF director on key risks to global stability
Gerd Häusler, the counsellor and director of the international capital markets department of the International Monetary Fund (IMF) identified key risks to global stability in a press conference launching the Global Financial Stability Report (GFSR).
Markit launches Portfolio Valuations
Markit Group, the UK-based pricing firm, has launched a Portfolio Valuations service for its buyside clients.
CIMB offers All Stars Global Protected Note
Malaysia’s CIMB, the investment and commercial banking arm of Bumiputra-Commerce Holdings Berhad, has the launched the All-Stars Global Protected Note. The note is a 100% capital guaranteed product providing investors with upside exposure to a basket of…
The great rating debate
A conference in Paris exposed some criticism of the way the rating agencies function. Issuers and investors feel the industry suffers from a lack of competition which has harmed service levels. Sarfraz Thind reports
Canada opens its borders
A change in regulation allowing investors to hold more debt issued by non-Canadian entities has proved a fillip to the country's bond markets. Nadia Damouni looks at how the credit markets in Canada are evolving
Synthetic ABS is hot property
The emergence of credit default swaps on ABS has led to the development of an index of these securities. Nadia Damouni looks at the prospects for this rapidly evolving corner of the market
Complacency is the biggest risk to sound risk management, says former head of CEBS
Complacency and a ‘tick-box’ approach to implementing Basel II is the biggest threat to sound risk management, according to José María Roldán, the former head of the Committee of European Banking Supervisors (CEBS). Instead, the Accord should be…
FSA to consult on ending audit requirements for small firms
The Financial Services Authority (FSA) has issued a consultation paper proposing the removal of statutory audit requirements under the Companies Act for small firms and Appointed Representatives (ARs).
Reserve Bank of New Zealand works towards implementation
Capital requirements for banks will soon be made more sensitive to the risks the banks are taking as a result of the Basel Accord. Speaking at the Retail Financial Services Forum, deputy governor Adrian Orr said the Reserve Bank was working intensively…
Ernst & Young releases survey results on the business impact of Basel II
Processes and systems, along with the way risks are managed, are signifying a new era in the global financial services market, according to the results of an Ernst & Young poll of over 300 banks.
Basel Committee seeks comments on updated core principles
The Basel Committee on Banking Supervision has issued updated versions of the 1997 Basel Core Principles for Effective Banking Supervision and the 1999 Core Principles Methodology for public comment. The core principles are a benchmark to assess quality…
Level 2 Draft Puts Industry on Notice
LONDON - Now that the European Commission has released the Level 2 draft of MiFID, most financial firms expect the November 2007 implementation date to be finalized any day now.
Gauging the MiFID effect
Despite uncertainty over its exact implementation, the EU's Markets in Financial Services Directive is set to utterly transform the financial services industry. Paul Kennedy says those firms that prepare for change now will fare best in the new landscape
Asking the Right Questions
Welcome to the launch of MiFID Meg, the monthly column dedicated to comment, chat and debate on every data manager's favourite EU directive, the Markets in Financial Instruments Directive.
FSA Timetable Adjusts to MiFID Schedule
In an effort to follow the European Commission's MiFID timetable, the Financial Securities Authority has established a schedule for its consultation program.
Rabobank moves structuring from Singapore to HK
Rabobank International has announced plans to relocate its structuring arm in Singapore to Hong Kong. It said the move was in line with its corporate strategy to strengthen its capabilities in structured product origination, risk management and…
Hong Kong’s TMA to launch official spot fixing rate
Hong Kong’s Treasury Markets Associations (TMA) is to launch the official spot USD/HKD fixing rate on 6 April. The spot fixing rate is calculated and distributed by Reuters. It serves as a reference rate for the pricing of Hong Kong dollar-linked…
SG CIB offers first Charity note
SG Corporate & Investment Banking (SG CIB), the corporate and investment banking arm of the Société Générale Group, will launch its first Charity Guaranteed note, the Kashmir Relief note, on April 26.
RBS recruits from BNP Paribas to form Japanese equity derivatives business
The Royal Bank of Scotland (RBS) has launched a Japanese equity derivatives business within RBS Securities Japan, its wholly owned subsidiary in Tokyo, the bank said in a statement.
FBE weighs in on implications of US delay
The European Banking Federation (FBE) has expressed concerns over any delay in US implementation of Basel II for European banks with subsidiaries in the US.
Asset Alliance gets in early with Eastern European fund of funds
Asset Alliance Corporation launched what may be the first fund of hedge funds (FoHF) dedicated to managers that invest in Central and Eastern Europe.