Book contributions by Risk Staff
Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Pillar I too complex for small countries
The complexity of Pillar I of the New Basel Accord is forcing smaller, resource-constrained countries, to delay the implementation of the aspect of the Accord that involves the determination and measurement of minimum capital requirements.
Chile releases Basel II timetable
The Chilean Superintendent of Banks and Financial Institutions (SBIF) has released a Basel II consultative document that also details the country's implementation plan for the new Basel Accord, according to Gunther Held, head of research at the bank…
US regulators tackle unintended consequences of BSA enforcement
At a recent anti-money laundering (AML) conference in New York, US financial regulators conceded the enforcement of the Bank Secrecy Act (BSA) has produced negative, unintended consequences in the financial industry.
All bases covered
Emissions Trading
Tentative steps
Emissions Trading
Schmidt-Bies justifies special regulatory attention on foreign banks
US banking supervisors are paying close attention to foreign banks' risk management systems because they are vulnerable to terrorist financing, money laundering and other customer fraud issues that tend to involve cross-border transactions, according to…
The consolidation machine keeps rolling
Algorithmics, a name that has become synonymous with driving the development of risk management practices and technology, was acquired by the Fitch Group in January this year. Victor Anderson talks to Andy Aziz, Algo's vice-president of buy-side…
Finding the right CIO
The position of chief information officer (CIO) has in recent years become one of the keys to a financial institution's ability to align its technology with its business objectives. Marcello Mosca explains the criteria against which CIOs are evaluated
Pricing 50-year bonds
focus: 50-year bonds
Sponsor's article > The dangers of complexity
The dramatic financial market changes of the past 20 years have introduced daunting complexity into the system. Much of this complexity is the necessary consequence of valuable innovations. David Rowe argues, however, that complexity for its own sake is…
Trading book proposals published by Basel Committee
Yesterday, the Basel Committee on Banking Supervision issued a paper outlining proposed capital requirements for banks’ exposures to certain trading-related activities—also known as the Trading Book Project. .
Australia and Singapore leadBasel II in Asia
Australia and Singapore’s banking sectors are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a recent report by Standard and Poor’s. But, even banks operating in these countries face considerable challenges…
Merrill Lynch loses two equity derivatives staff in Hong Kong
Merrill Lynch has lost John Robson, a managing director responsible for the bank’s Asia-Pacific structured products business, to Nomura, where he will head the firm’s equity derivatives sales effort in Asia.
Sarbanes-Oxley The cost of compliance
Now that many US firms have implemented the new Sarbanes-Oxley regulations on corporate governance, boardrooms are assessing just how much the exercise has cost. The figures don’t make for easy reading, as Saskia Scholtes reports
IIF executive blasts "conservative" Basel Committee
Yesterday at a press conference held at the Institute of International Finance´s spring membership meeting in Madrid, a vice chairman criticized recent decisions taken by the Basel Committe on Banking Supervision as overly "conservative."
Rating the products
Rating agencies
Structured credit: who needs a psychoanalyst?
Sponsored foreword
Synthetic structures
Synthetic CDOs
The runaway success of credit derivatives
Introduction
The emergence of a CDO market
Birth of CDOs
Enter the CDO-squared
CDOs-squared
Transparency: a more efficient market
Pricing and trading
New CDO applications
Innovations
A question of structure
Tranching