Central banks
Credit derivatives see six-fold increase in three years
The over-the-counter (OTC) credit derivatives market stood at $694 billion in June, a six-fold increase in the last three years, according to the latest global triennial survey released by the Bank for International Settlements (BIS) today.
HKMA to form direct link to Euroclear
The Hong Kong Monetary Authority (HKMA) and Euroclear plan to build a direct link between the HKMA’s central money markets unit (CMU) and the Brussels-based international central securities depository.
Deutsche and Fleet unveil $40 billion OTC deal
Deutsche Bank and the US' FleetBoston Financial have revealed one of the largest over-the-counter (OTC) derivatives deals in history. The portfolio deal, with a notional value of about $40 billion, was executed in June to protect Fleet from short-term US…
NY Fed notes high variations in stress testing across institutions
The magnitude of shocks used in stress testing by financial institutions varies substantially, the Federal Reserve Bank of New York (NY Fed) has said in a paper.
Will Germany scupper Basel II?
How real is Germany’s threat to veto the proposed Basel II bank capital accord if the country fails to get the concessions it wants on the accord’s treatment of bank lending to small to medium-sized companies (SMEs)?
Building for Basel
The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.
Building for Basel
The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.
A spanner in the works
The US and Germany are in a standoff over Basel II’s capital charge calculation for SME lending. Without a compromise this month, the issue threatens to derail implementation of the Accord and the European Directive.
Mezz funds facing supply scramble
Mezzanine
Building for Basel
Basel implementation
ICI prospects looking bleak
Limited upside potential
Asia’s ASP quandary
ASPs
Regulators urged to enhance op risk oversight post September 11
WORLD TRADE CENTER AFTERMATH
Will Germany scupper Basle II?
BASLE II UPDATE
Regulators reviewing securities settlement-systems concentration
FRONT PAGE NEWS
OpenLink establishes Berlin office
OpenLink, a US-based financial and energy trading risk management solution provider, plans to set up an office in Berlin, in order to consolidate its eastern European client base and better serve central European clients.
Basel moves on disclosure
The Basel Committee on Banking Supervision recently announced two significant revisions to its new capital adequacy framework (new Basel Capital Accord or Basel II), which are set to have positive and far-reaching implications for the global banking…
Over-concentration of services risks raised by September 11 -- Depository Trust chief
WORLD TRADE CENTER AFTERMATH
Technology and flexibility the key to banks’ response to NY attacks, says Greenspan
WORLD TRADE CENTER AFTERMATH
DTCC seeks to address post Sept 11op-risk concerns
The Depository Trust & Clearing Corporation (DTCC), the world’s largest clearing company, has seized the initiative to address the issue of systemic operational risk concerns raised in the aftermath of the US terrorist attacks of September 11.