Central banks
Gaining an edge from Basel
Sponsored article
Russian intrigue
Gazprom
BBVA senior officials investigated
LOSS DATABASE
EU bank regulation debate intensifies
BASLE II UPDATE
UK central banker warns against half-baked contingency plans
DISASTER RECOVERY
Dealers debate regime change in US interest rate volatility
Has the US interest rate options market entered a new period of sustained higher implied volatility? Deutsche Bank says yes, but other leading dollar interest rate derivatives dealers say it is too early to tell. Mortgage investors and options writers…
Fewer options in 2001 | A Risk survey
The foreign exchange options market cooled off significantly last year, as September 11 and lower forex volatility kept dealers away. Risk’s third annual survey of 13 large forex options houses reveals that their combined 2001 volumes fell by $1.1…
Volcker challenges the benefits of financial engineering
Paul Volcker, US Federal Reserve chairman between 1979 and 1987 and present chair of the Independent Oversight Board for embattled Enron auditor Arthur Andersen, has said he is "ambivalent" about the value of financial engineering to the US economy.
Rates Markets Update: Swaps ride out terrorist scare
Interest rate swap spreads continued in a narrow range this week, despite a slight widening caused by the fear that the crash of a small plane into a Milan office building on Thursday was the work of terrorists. Initial fears led to 10-year US dollar…
Credit Markets Update: Spreads narrow as outlook turns positive
US Federal Reserve Chairman Alan Greenspan’s testimony before Congress today indicated that the Fed does not plan to raise interest rates any time soon and this, along with signs that the US economy is strengthening, caused spreads in the credit…
Floating towards disaster
Argentine peso risk
Will the latest delay sink Basle II?
Reactions to the latest delay in the Basle II banking accord timetable were mixed, with some bankers and regulators fearing the pact could unravel, while others were optimistic that the roadblocks to agreement would be cleared away.
Desperately seeking corporates
Pension reform
Choosing a different path
Warrants
Playing catch-up
Technology
South Korea: the key for options
New Angles
Dealing with the flak
Profile
Will the latest delay sink Basle II?
BASLE II UPDATE
Catch 22 for corporate liquidity
Companies facing relatively minor business difficulties are being shut out of the commercial paper market, forcing their treasurers to scramble for alternative financing to avoid insolvency. Is there any way to manage this liquidity risk?