Risk Staff

Regulation

ABA sets up new op risk committee

The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…

06 Jan 2003

Market risk

Getting stressed

To understand how much value can be lost from a position in the energy markets, we need to use measures other than value-at-risk. Brett Humphreys discusses methods for creating effective stress tests

06 Jan 2003

Exchanges

NYSE to recalculate Composite index as basis for ETF

The New York Stock Exchange (NYSE) plans to rebalance its broad-based Composite index, in a move that should herald the introduction of an NYSE Composite exchange-traded fund (ETF) later this year.

03 Jan 2003

People

Bank Leumi appoints new chief credit officer for the US

Israel’s Bank Leumi has named Ira Romoff as its new chief credit officer and risk manager for North America. He will replace Stanley Karp, who will retire from the bank following 20 years' service tomorrow.

02 Jan 2003

People

Swiss Re names Godbehere as chief financial officer

Ann Godbehere will assume the role of chief financial officer at reinsurer Swiss Re on April 1. Her promotion follows current incumbent John Fitzpatrick’s promotion to chief executive of Swiss Re's life and health business group, a vacancy created by…

02 Jan 2003

Technology

MBRM buys Cygnifi intellectual property rights

MB Risk Management (MBRM), a London-based financial analytics company, has bought the entire intellectual property rights of JP Morgan spin-off Cygnifi Derivative Services from its bankruptcy trustees.