Feature
Regulators consider opening hedge funds up to retail investors
Hedge fund operators ready themselves for momentus operational changes to their marketing strategies
Managers face pressure to reduce fees to boost returns
JP Morgan Chase favours multi-strategy funds
It’s all in the technique
Fund manager profiles
Gold shines again
Private clients
Slow start for World Bank hedging programme
Emerging markets
Confidence is critical
OTC clearing
Regulators grow confident about Basel II calendar
Global banking regulators were expected to issue an upbeat statement in mid-July on progress with the controversial Basel II bank accord after several months of uncertainty in which some bankers doubted the accord would ever see the light of day.
Credit card capital charges will be lower under Basel II
Major banks will probably have to set aside a lot less capital as a cushion against losses from defaulting credit-card holders under the Basel II bank accord than they in effect do now, global banking supervisors said in early July.
Insurers embrace risk systems
Insurance companies have been slower than banks to adopt advanced risk modelling techniques and technologies. But regulatory changes and business exigencies are spurring them to adopt a new generation of risk and capital management systems.
Capital charges not enough to protect banks against op risk, says Moody’s
Protective capital is an incomplete line of defence against operational risk and effective op risk measurement and management should amount to more than just a capital allocation exercise enforced by regulators, a leading credit rating agency said in…
IMF seeks scrutiny of insurers' credit risk
The International Monetary Fund (IMF) says greater information about insurers' financial markets activities – including credit risk transfers – is needed before their implications for financial stability can be clearly ascertained.
Germany drops objections to Basel II after SME solution
Germany lifted its objections to the Basel II bank accord in early July, welcoming a compromise on lending to small businesses that would be discussed by global banking regulators at a mid-July meeting.
US central banker urges pillar 3 action now in light of scandals
Recent accounting scandals mean international banks should start improving their disclosure of risks and capital adequacy now and not wait for the pillar 3 disclosure provisions of the Basel II bank accord to take effect in late 2006, a senior US central…