Feature
Wohlenberg steps up to head STOXX supervisory board
Holger Wohlenberg, managing director of Deutsche Borse, has been elected chairman of the supervisory board of STOXX.
BNP Paribas to expand equity derivatives team by 200
BNP Paribas is increasing the headcount of its equity derivatives division by almost a third, in an effort to tap the growing demand for equity-linked products from emerging markets. In an interview with RiskNews ( Structured Products' sister publication…
Mario Draghi to succeed Roger Ferguson as chairman of the Financial Stability Forum
Following consultations within the Financial Stability Forum's (FSF) membership, the G7 finance ministers and central bank governors have confirmed support for the designation of the current governor of the Bank of Italy, Mario Draghi, as chairman of the…
HKMA publishes plans for Basel II implementation
The Hong Kong Monetary Authority (HKMA) today published its annual report for 2005, in which the authority announces its current progress with Basel II implementation and tasks due to be completed this year.
IIF proposes eight-point reform programme to strengthen the global financial system
The Institute of International Finance (IIF) today proposed an eight-point integrated package of actions designed to forge a new partnership between the IMF, capital markets and countries in order to strengthen the global financial system. The IIF's…
Not preparing for risk is the biggest problem facing businesses and governments, according to Fed member
Mark Olson, member of the board of governors at the US Federal Reserve, has spoken about enterprise-wide compliance-risk management. In his speech, Olson addressed two main changes to the global financial system, including the financial sector's…
QFCRA appoints governing board
The Qatar Financial Centre Regulatory Authority (QFCRA) today announced the appointment of its governing board. Jean-Francois Lepetit, Robert O’Sullivan, Brian Quinn and Andrew Sheng will support chairman and CEO Phillip Thorpe.
BIS publishes papers on monetary policy regimes and price stability
The Bank for International Settlements (BIS) has published two white papers. The first discusses monetary policy regimes and macroeconomic outcomes in Hong Kong and Singapore. The second argues that price stability may not be a good indication of…
The value of experience
Sunil Chadda was recently installed as head of Citisoft's hedge fund and derivatives practice. Victor Anderson speaks to him about trends that he's identified since his appointment, the impact Mifid (the Markets in Financial Instruments Directive) is…
Mifid IT Group Becomes Think Tank
LONDON—The Joint Working Group (JWG) of the Markets in Financial Instruments Directive (Mifid) has lost its IT subject group because it has spun itself off as a for-profit think tank, JWG officials confirm.
Programme to assist with implementation of Basel Ia
Anticipating the Basel Ia NPR this summer, Financial Architects (FinArch) has announced that it is ready to deliver a packaged Basel Ia software programme for the US banks planning only to implement Basel Ia.
A keen eye for convergence
Ellen Davis talks to Danièle Nouy, chair of the Committee of European Banking Supervisors about the CRD, Pillar III and divergence, along with other issues currently occupying the CEBS
The broadening scope of op risk management
Op risk programmes are no longer just about Basel II, according to the latest OR&C Intelligence survey. Ellen Davis reports
Re-balancing risk priorities
Op risk managers are taking an integrated approach to the two thorns in their side – Basel II and SOX – writes Choongo Moonga
FSA executive on principal aims of Solvency II
John Tiner, chief executive of the Financial Standards Authority (FSA), has spoken about the FSA’s views on Solvency II. Tiner’s key message during the speech was that the FSA’s principal aim was to incentivise insurance firms to use modern risk…
Basel exec blasts home-host banks
NEW YORK – A Basel Committee executive blasted banks for not fully committing to their home-host projects and for using potential home-host difficulties as an excuse for not implementing Basel II as aggressively as they should.
Home-host heads for Asia
SINGAPORE – Although the home-host debate has not yet raged in Asia as it has elsewhere, this will change over the next 18 months as regulators in the region begin to publish their policy papers, said Jacob Gyntelberg, a senior economist at the Bank for…
US Fed publishes new rules for US branches of foreign banks
WASHINGTON, DC – The Federal Reserve and other US regulators have adopted a final rule that requires US branches of foreign banks to maintain procedures designed to monitor Bank Secrecy Act (BSA) compliance. The rules would require a branch, agency, or…
New FSA 'personal handbook service' to help firms
A new online 'personal handbook' service from the Financial Services Authority (FSA) has been launched to assist firms implement regulation. This will allow any firm to build a 'personal handbook' containing only the rules and guidance relevant to it by…
Fed governor says Reserve will compare risk sensitivity with burden on smaller banks
Susan Schmidt Bies, governor of the US Federal Reserve, spoke about the balance the Fed needs to strike between strict regulation and excessive burden to US financial institutions. Though the banking industry in the US is doing well, Bies emphasised the…
Qatar regulatory authority joins Islamic Financial Services Board
The Qatar Financial Centre (QFC) regulatory authority today announced that it has joined the Islamic Financial Services Board (IFSB), the international standard-setting body for regulatory and supervisory agencies that have a vested interest in ensuring…
Matoo joins Commerzbank from DrKW
Commerzbank Corporates & Markets, the investment banking arm of Germany's Commerzbank, has hired Mehraj Mattoo to head up its global alternative investment strategies business in London.
IMF director on key risks to global stability
Gerd Häusler, the counsellor and director of the international capital markets department of the International Monetary Fund (IMF) identified key risks to global stability in a press conference launching the Global Financial Stability Report (GFSR).
Markit launches Portfolio Valuations
Markit Group, the UK-based pricing firm, has launched a Portfolio Valuations service for its buyside clients.