Feature
A wrong-way bet
China Aviation Oil (CAO) revealed in late November that it had lost $550 million through trading oil derivatives – but not before its Chinese parent sold $108 million in CAO shares. By Nick Sawyer, with additional reporting by Jill Wong
Setting a timetable
Regulators in Australia and Japan are the latest to set deadlines for their banks to comply with Basel II, and both differ slightly from the Basel Committee’s schedule. Nick Sawyer reports
The importance of ALM
The crossfire between the International Accounting Standards Board and the European Commission seems to have left corporates bewildered about the implications of IAS 39. Risk talks to leading advisory groups and corporates about the challenges ahead, and…
Citibank cut out
The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the…
Mind your behaviour
Hedge fund managers are becoming interested in behavioural theory, anincreasingly influential branch of economics that describes the role of intuitivebias in investment decision-making. According to one finance professor,behaviouralism provides valuable…
The game of life
UK life insurers have faced a new regulatory regime in the aftermath of the guaranteed annuity options disaster, which has led them to rethink their use of derivatives. Nicholas Dunbar talks to four leading life companies
Reducing risk through insurance
In this article, Silke Brandts describes a general algorithm for quantifying the risk-mitigating impact of operational risk insurance. She then presents a simple haircut approach to incorporate residual risks inherent in the insurance contracts into the…
Comptroller urges revamped disclosure for financial consumers
Acting Comptroller of the Currency Julie Williams has urged bankers, government officials and consumer advocates to coalesce their efforts to improve the system of disclosure for financial consumers.
Structured finance ratings given BIS OK
The structured finance ratings business was given a clean bill of health today by the Bank for International Settlements (BIS), with a few caveats.
Asian banks divided over Basel II, says Financial Insights
Some of the significant Asian economies will only use the new Basel Accord as a reference point, as they embark on their own ways of improving capital regulatory systems, according to Financial Insights, a financial business advisory service firm based…
Directory Listing >> Pacific International Recruitment says successful recruiting for Risk and Compliance will continue to be a key issue for many organisations in 2005.
Successful hiring will be dependant on extensive knowledge about the top performing Risk and Regulatory Compliance professionals, who they are, where they are and how to recruit them. Privately owned and quality accredited, Pacific International's…
FSA outlines Basel II costs
The UK’s Financial Services Authority has outlined the cost of regulatory enforcement of Basel II in that country for the first time.
HSH takes a long-term view
Company profile
Has the death of merger arbitrage been greatly exaggerated?
merger arbitrage
Time for relative returns
performance measurement
Fixed income managers search for riches as standard products fall flat
SPECIALIST FIXED INCOME
Size counts...
remuneration
Making money from your money
currency overlay
Tailor-made money makers
structured products
Awarding excellence
awards
Entering with one eye on the exit
selling your business
African banks buoy euro's fortunes as greenback's decline continues
foreign exchange