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Seeking high standards
Accounting
India - Personalities - Passages from india
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ISDA AGM - Michael Rees speech - Learning from crises
Special Report
A new breed
Credit Derivatives
Structural credit calibration
Damiano Brigo and Massimo Morini introduce first-passage models with time-varying volatility and random default barriers, while illustrating their tractability, exact calibration and economic interpretation. The models' behaviour on Parmalat data prior…
Short cut to nowhere
Derivatives accounting
Evolving trends in the US equity derivatives market
Sponsor's statement
After the storm
Cover Story
Alpha abounds
Hedge fund perspective
Fusing risk and finance
Technology
Essential assets
Hedge fund analysis
An unconfirmed success
Back office
An inside job
Q&A
The disclosure debate
Opinion
Lessons learned
Operational risk
India - Profile: Fimmda - The go-between
Special Report
Hong Kong’s SFC to tackle mis-selling
Hong Kong securities industry watchdog the Securities and Futures Commission (SFC) issued a report on 29 March, which sets out the regulatory challenges and risks that the SFC faces and the strategies to address them. One of the key objectives in the…
Fed releases NPR for US Basel II implementation
The Federal Reserve has released the notice of proposed rulemaking (NPR) for the delayed implementation of Basel II in the US. In this first draft, the Federal Reserve approved a proposal that bank regulators hope will ensure banks maintain prudent…
BNP Paribas launches Shield products
BNP Paribas has launched the BNP Paribas Shield products – a suite of three listed funds. All three funds offer investors a defined redemption price for each share bought. However, the return of each of these funds is linked to the final level of an…
Citigroup private bank opens first office in mainland China
Citigroup has opened its first private bank office in mainland China. The new Shanghai Private Bank Office, which operates as a unit of Citibank, will offer approved foreign currency products to Chinese and foreign residents and approved currency…
UBS integrates Noriba
UBS will fully integrate its wholly-owned subsidiary Noriba into the firm by the end of 2006. UBS founded Noriba, headquartered in Bahrain, in 2002. Noriba specialises in institutional and high-net-worth private clients seeking Sharia compliant…
Merrill Lynch launches fixed income structuring unit
Merrill Lynch in the US has set up a unit which will focus on all aspects of structuring for fixed income products, excluding cash and synthetic collateralised debt obligations.
BIS publishes supervisory expectations of vendor products in IRB processes
The Bank for International Settlements has published its eighth newsletter on the views of the Basel Committee Accord Implementation Group's Validation (AIGV) Subgroup relating to the use of vendor products within internal ratings-based (IRB) approaches…
FSA outlines four main issues for Basel II implementation
Matthew Elderfield, head of the FSA’s major retail groups division, has outlined the key issues for Basel II as well as thematic priorities of the authority’s approach to banking supervision.