Feature
Caution is key as the number of profit warnings increases
Current environment offers shorting opportunities but little on the long side
Derivatives come under fire from hedge product experts
warren buffett calls for better research into instruments
Investec's retail hedge fund is held back by Hong Kong
Hk's authorisation rules have proved a stumbling block
Hedge funds are a haven for fraud, says detection agency
serial defrauding has become more commonplace in industry
Townsend opens up London office to service Euro market
Townsend to market flagship software to euro clients
Low issuance is fly in ointment for convertible arbitrage sector
Although there are fewer opportunities for arb funds, the coming months still look positive
Funds in the sun
Financial investment has sculptured the landscape in the Bahamas and it is now home to more than 750 regulated funds
Analysing business processes
A good understanding of how a business works is the fundamental prerequisite for operational risk analysis. Johan Palm describes the rationale for, and implementation of, the Swedish National Debt Office's bottom-up business process analysis.
ECB highlights dangers of over-concentrated market
FRANKFURT — Market consolidation and a reliance on electronic trading could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
Sponsor's article > No cure through the cycle
Some have argued that the antidote for pro-cyclicality in the Basel II capital requirements is the use of 'through-the-cycle' estimates of default and recovery rates. David Rowe argues that, whilethis might mitigate the pro-cyclical impact of the Accord,…
In need of reassurance
The knock-on effects of the crisis in equities has hit the insurance sector particularly hard – so much so that UK regulatory body the FSA has been forced to step in and allow certain insurers to breach mimimum solvency ratios.
Rating agencies open can of worms
NEW YORK — Rating agencies are coming under much closer scrutiny as providers of operational risk analysis, as a result of the Basel Accord revisions and recent US corporate scandals.
European demand for op risk talent set to surge in 2003
LONDON — Executive recruiters are seeing a strong rise in interest in hiring operational risk talent for commercial and investment banks, and dozens of fresh mandates.
Modelling the unthinkable
Terrorism insurance