Feature
Regulation | On the road to Basel III
UK regulators want to harmonise regulation of the financial services sector – and they have insurance companies in their sights.
Legislation | Enron-related regulatory issues hit derivatives industry
Enron’s collapse has sparked calls for more derivatives regulation and stricter accounting standards in the US. What proposals should the derivatives industry be concerned about? Polyn
Solving the pensions puzzle
A host of market and structural problems are plaguing US corporate pension plans. Derivatives dealers are pitching a number of potential solutions.
Pinched budgets strain IT decisions
The September 11 attacks and continuing economic downturn have severely affected the global banking industry. Now banks’ IT departments must increasingly justify their build-or-buy decisions in terms of value for money, speed and increased functionality.
Job moves
QUOTE OF THE MONTH: - “Few regulators really understand derivatives... That’s not their fault, many of us don’t either” A London forex trader commenting on AIB’s $750 million loss. Source: The Mirror, February 7
Isda publishes second new master agreement draft
The International Swaps and Derivatives Association (Isda) has published a second draft of its proposed new master agreement. This is in response to feedback and suggestions from industry participants to a first draft sent out at the end of November.
JP Morgan Chase made to sweat on $1 billion of Enron surety notes
JP Morgan Chase failed to win immediate payment of $965 million from the 11 insurers it is suing for outstanding surety bonds.
AIB currency losses bring forex training into spotlight
Many banks are putting more emphasis on training foreign exchange dealers to minimise risk following Allied Irish Banks' loss of $691 million, stemming from an alleged currency fraud at subsidiary Allfirst in Baltimore.