Feature
In defence of VAR
High profile losses such as those at hedge fund Amaranth last year had people questioning risk management tools, particularly value-at-risk. But Chris Schlegel and Andrew Kosnaski believe VAR would have given adequate signals to traders in the volatile…
False dawn for first loss
CDO equity
Robert Lepone
The head of European loan trading at Morgan Stanley in London discusses issues surrounding the new loan CDS indices
CPDOs: A volatility game
A triple-A rated structure that pays Libor plus 200bp. Who wouldn't be interested in such a product? Perhaps the sceptics warning against the 15 times leverage and the instrument's high exposure to volatility. Laurence Neville reports
UK banks need to crack down on fraud – FSA
FINANCIAL CRIME
Is US BCP courting disaster?
The US authorities have fallen silent over business continuity management (BCM) of late, raising fears that the issue will slip down the American business agenda in 2007. Peter Madigan investigates
FATF and Wolfsberg Group to release AML report
COVER STORY
US AML officers have a busy December
FINANCIAL CRIME
S&P to set up hedge fund evaluation service
MEASUREMENT
Is SOX reform about to take off?
Peter Madigan investigates proposals for long-awaited changes to the Sarbanes-Oxley Act
Looking into the crystal ball
Eric Holmquist presents some observations on the trends in ORM, and offers predictions on what to expect in 2007 and beyond
Taiwan earthquake hits e-trading in Asia
BUSINESS CONTINUITY
Thinking hard about AML software
Five years after 9/11, banks are stepping back and taking a more studied approach to anti-money laundering. Dianne See Morrison reports
Passport for pensions
Features
Regaining control
Features
Buying in bulk
Features
Principles of risk
Features
Joining the party
Inflation
Knuckling down
Hedge funds
Opening the door to credit
Cover story
Maintaining consistency
Credit
Linking to longevity
Insurance