Feature
Limits on far VAR
Hedge Fund Perspective
Trading by models
Hedge funds
Under scrutiny
Equity Derivatives
A new regime
Hedge Funds
Banks get stressed
Stress Testing
Tussle over alpha
Alternative Investments
The ABC of QRM
Book Review
Options reduced
Dealers report that European corporates have reduced their use of options since the introduction of IAS 39 last year. But with greater volatility in the foreign exchange markets expected in the coming year, are companies sufficiently hedged? Gareth Gore…
Seeking risk transfer
Insurance
Life's perilous journey
Guaranteed variable annuity products generate huge profits for US life insurers, but have left firms massively exposed to exotic equity risk. Some companies are now laying off risk via long-dated, highly structured hedges. Not everyone is convinced this…
Risk Awards 2006
Risk Awards Photos
Regulatory arbitrage: back to basics
Risk analysis
Inflating demand
Japan inflation-linked bonds
Federal regulators release QIS4 summary findings
The federal bank and thrift regulatory agencies have published the ‘Summary findings of the fourth quantitative impact study’ (QIS4).
A practical operational risk scenario analysis quantification
Thomas Alderweireld, João Garcia and Luc Léonard define an operational risk scenario analysis and its quantification technique, leading to the determination of the loss distribution characteristics.
Fundamental issues in op risk management
Misconceptions about certain key concepts are causing confusion throughout the industry. By Ali Samad-Khan, Armin Rheinbay and Stephane Le Blevec
Labour of love
Emerging markets have been a recurring theme in Charles Dallara's career. Now, as managing director of the Institute of International Finance, one of his key focuses is to strengthen crisis prevention in emerging market economies. By Alexander Campbell
Could do better?
Some industry participants believe US supervisors' approach to Basel II implementation is flawed, according to a survey by OR&C . By Ellen Davis
A different view on Basel II
Spain's banks are wary of jumping headlong into every aspect of the new capital Accord. But its fears appear justified, considering the country's risk profile. By Duncan Wood
OpenPages launches new solution
MASSACHUSETTS – OpenPages – the governance, risk and compliance management solutions company based in Massachusetts – has launched OpenPages ORM, an op risk management solution that enables banks to identify, measure and monitor operational risk at an…
Fed gets a pasting over capital rules
WASHINGTON, DC – The new capital rules for non-Basel II banks in the US received a pasting in comments from firms and industry bodies posted on regulatory websites in late January.
CEBS consultation paper "a disappointment"
LONDON – The financial services industry is less than pleased with the second consultation paper published by the Committee of European Banking Supervisors (CEBS) on the validation and assessment of credit and operational risk approaches.
The spotlight swings
The hedge fund industry has come under severe pressure for increased disclosure, with new SEC rules on the registration of hedge fund advisers to be implemented this month. Now, the private equity market is starting to attract the interest of supervisors…
QIS5 results delayed until June, says BIS
BASEL, SWITZERLAND – The results of quantitative impact study five will be delayed until June, according to officials from the Bank for International Settlements in Basel, Switzerland