Risk Staff
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Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Asian banks lagging in Basel II preparations, says Asian Banker Research
Most banks in Asia's leading countries are lagging in preparations for the implementation of the new Basel Accord, also known as Basel II, according to The Asian Banker Research.
Tattersall leaves FSA
Colin Tattersall, head of op risk policy at the UK's Financial Services Authority, has left his post at the supervisor. Market sources say he is set to join the Irish Financial Services Regulatory Authority's Basel II implementation efforts, based in…
Tattersall leaves FSA
Colin Tattersall, head of op risk policy at the UK's Financial Services Authority, has left his post at the supervisor. Market sources say he is set to join the Irish Financial Services Regulatory Authority's Basel II implementation efforts, based in…
Basel II package rapporteur named
Alexander Radwan has been named the rapporteur for the package of Basel II legislation winding its way through the European parliament.
Senior Barclays swaps trader to set up hedge fund
Alan Burnell, head of European swaps and government bond trading at Barclays Capital, is leaving the bank to set up a hedge fund.
Unlocking the rating process
The credit rating agencies are often criticized for a lack of transparency in their rating methodology. But as John Caserta reports, the agencies are taking steps to shed light on this often mysterious process and, in doing so, rebuild investor…
Accounting standards: Causing waves
The scheduled adoption of IAS 39 may not be causing the same waves in Asia as it is in Europe, but corporate treasurers in Australia, Hong Kong and Singapore are eyeing the 1 January deadline with increasing nervousness.
US regulators outline QIS4 process
US regulators are busy finalising the text for the fourth quantitative impact study (QIS4), which they expect to issue at the end of October to the banks participating in the exercise.
Cairn Capital adds asset-backed specialist
Cairn Capital, a London-based advisory and investment firm specialising in structured credit, has hired Jenna Collins as an analyst. Collins, who will join Cairn in November, was an asset-backed securities analyst at Merrill Lynch in London.
A legal rollercoaster
US-based Polygon wants to see a better restructuring deal for British Energy’sshareholders. But the hedge fund faces a struggle to prevent the UK nuclear powergenerator from delisting. Joe Marsh reports
Pressure on Puhca
The US General Accounting Office is to investigate whether the SEC has been lax in its oversight of the Public Utility Holding Company Act. How will this affect firms subject to Puhca requirements? By Paul Lyon
Bilateral collateral
Until recently, there was little legal protection from foreign investment risk.But the past few years have seen the rise of the bilateral investment treaty(BIT). Matthew Saunders shows how BITs can benefit the energy sector
Fabio Leoncini
Fabio Leoncini, head of the Italian association of energy suppliers and traders,outlines his efforts to get Italy’s energy market fully competitive. By Joe Marsh
Found in translation
While risk managers have become focused on value-at-risk and similar risk metrics,these may not be the best way of communicating risk to stakeholders. BrettHumphreys discusses how to improve communications
Earnings at risk
The structure of a typical energy portfolio often contains a different assetand contract mix from the simple derivatives instruments in a more standard portfolio.This requires a different approach to risk. Here, Les Clewlow and ChrisStrickland make the…
Avoiding the gas work
Ferc is exploring whether gas storage inventory details should be posted on adaily basis. How will this affect the development of the embryonic natural gasstorage swaps market? Paul Lyon reports
The windy city rules
The Chicago Climate Exchange is going from strength to strength if its new initiatives,new members and volumes are anything to go by. Here PaulLyon talks to CCX founderRichard Sandor about the exchange’s future
Best laid plans
Growing interest in commodities on all sides mean energy products will be a good bet in 2005. And this has led to the increased popularity of new forms of structured correlation products. By James Ockenden and Joe Marsh
Driving up the price
Nowhere has the spiralling cost of petroleum been more acutely felt than in the US, where the car is king. The rise is, of course, directly related to high crude oil prices, pushed ever higher by threats to production arising from worldwide political…
Energising the US
Democratic presidential nominee John Kerry has plans to require the US to generate20% of its electricity from renewable sources. But just how different are Kerry’sand President Bush’s stances on energy policy? By Paul Lyon
Basel II revised default correlation values reflect industry experience, says Fitch
Basel II revised credit card default correlation values will be crucial guidelines to credit portfolio analysis under the IRB approach, says Fitch Ratings, a rating agency based in New York.
Cash margin squeeze benefits Japan forex derivatives dealers
Derivatives dealers in Japan are in demand, as spread compression in vanilla foreign exchange has prompted foreign banks to look elsewhere for margin.