Feature
S&P to calculate bank risk capital
Credit rating agency Standard & Poor’s (S&P) is said to be planning to evaluate the risk capital set aside by banks from January 1, 2008.
EU launches public consultation on Credit Institutions Directive
The European Union has announced that it is inviting stakeholders to comment on the Directive on reorganisation and winding-up of credit institutions (2001/24/EC) , with a deadline of September 30. The EU wants to ensure the Directive is completely…
DIB offers sharia-compliant note linked to fund of hedge funds
Dubai Islamic Bank (DIB) has launched a five-year capital protected note issued by Deutsche Bank. The note, linked to the DB-GSAM ALPS Index, tracks the performance of a customised fund of hedge funds managed by Goldman Sachs Asset Management.
JP Morgan and Deutsche Börse to launch Next-11 index
JP Morgan says it is working with Deutsche Börse to develop an index comprised of equities from seven out of the eleven countries that are generally considered to be the next promising emerging markets. The DAXglobal Next-11 Index will be offered…
Deloitte weighs up FSA's work on principles-based regulation
Deloitte has published a paper assessing the work of the UK Financial Services Authority (FSA) to move towards principles-based regulation, in which it argues that while the organisation is committed to change and understands the nature of the challenge…
CESR carries out survey on auditing standards
The Committee of European Securities Regulators (CESR) is looking afresh at auditing standards. In a new survey, it looks at the direct communication of auditors with the public, in particular shareholders and potential investors, on their statutory…
Non-accruals and delinquency rising on US middle-market loans
Increasing numbers of US construction and real-estate companies are defaulting on middle-market loans.
BNP Paribas launches capital protected fund linked to agricultural index
BNP Paribas has launched a capital protected fund linked to the DCI Agriculture BNP Paribas. The BNP Paribas Agrinvest fund is 100% capital protected at maturity and provides a 130% exposure to the positive performance of the DCI Agriculture BNP Paribas…
Macquarie and Nomura form commodity alliance
Australia's Macquarie Bank and Nomura Securities, a Japanese securities and investment banking company, have agreed to establish a business alliance in commodity derivatives, which will provide commodity derivative and commodity-based investor products…
Philippines assesses policies to improve bank risk management
Philippines discussed Basel II implementation
BIS quarterly report notes market sell-off and rebound
BIS discussed equity, debt market turn-around in report
FSA publishes feedback on private equity paper
FSA identifies main risks in private equity
Man Group and Oxford University team up to launch Quantitative Finance Institute
UK hedge fund Man Group and the University of Oxford have launched the Oxford-Man Institute of Quantitative Finance. The Institute will provide research on alternative investments, including structured products.
Arc Capital & Income launches first income product
UK-based distributor Arc Capital & Income, the structured products arm of Arc Fund Management Holdings, has launched its first income product offering a potential annual return of 8.25% a year.
Lehman's Thorkelsson relocates to Asia
Sigurbjorn Thorkelsson, previously head of European equity derivatives and convertibles for Lehman Brothers, is relocating to Asia to head the US investment bank's equity franchise in the region.
ECB president underlines three risks to financial stability
Trichet outlines risks in hedge, LBO and credit risk transfer
India bank governor points out risks to rapid growth in emerging markets
India's Reddy calls attention to risks in emerging markets
Desjardins offers natural resource diversity
Desjardins Group, the Canadian cooperative financial group with more than $135 billion of assets under management (as at December 31, 2006), will launch the Natural Resource Guaranteed Investment (NRGI) on June 11.
Misys looks to Latin America
Misys, the risk technology company, has created three new senior positions in its Treasury & Capital Markets business in the Americas, charged with making a drive into the Latin American market and creating a services and consulting business.
Bear Stearns launches German certificates platform
US investment bank Bear Stearns International has launched a retail certificates platform, dubbed Best Markets, for the German market.
Australia releases draft standards on Basel II
Oz regulator fine-tunes Basel standards
New report blames op risk failures for sub-prime meltdown
Op risk: a culprit in sub-prime mortgage crisis
BIS chief discusses emerging markets and financial risk
Knight outlines new risks in globalised economy
OCC establishes Enterprise Governance Unit
New wing to focus on risk management