Feature
India/Pakistan war threat underlines planning need
DISASTER RECOVERY
Currenex launches FXtrades Fund
TECHNOLOGY NEWS
UK could require more op risk capital from insurance firms from 2004
INSURANCE REGULATION
Average 10% cut in SME loan charges possible under Basle II
BASLE II UPDATE
Hong Kong warns banks to plan for Basle II op risk charges
BASLE II UPDATE
A cost/benefit approach to Basel II
The cost of implementing Basel II could put banks at a competitive disadvantage compared with non-banks, and spur them to ‘de-bank’ to avoid this regulatory burden. Harry Stordel and Andrew Cross say regulators must look at the provisions from a cost…
Nine billion ways to be snowed
Emanuel Derman separates real tools from passing trends in the risk management vocabulary. This article is adapted from his talk on Future Innovations in Risk Management, presented at the April Risk 2002 Conference in Paris
Job moves
QUOTE OF THE MONTH: - “It is likely that doubt and a lack of market confidence will affect all energy trading for some time to come” Francis Hervé, chief executive of EDF Trading, the London-based trading subsidiary of Electricité de France (EDF),…
The benefits of Enron
Many corporations are keeping a low profile when it comes to their derivatives use. But when the Enron-related witch-hunts are over, companies may find that insurers and shareholders now view corporate hedging as a fiduciary duty
End-user rankings 2002
Survey
A slow evolution
Credit risk
Looking for value
Convertible bonds
Contents
Asia Risk
Another step forward
Comment
Chief executives back formation of Committee of CROs
The newly formed Committee of CROs (chief risk officers) - aimed to create best practice in risk management for the U energy industry - has received strong backing from energy company chief executives.
Nymex sets margins for OTC clearing
The New York Mercantile Exchange (Nymex) has set margins for the 25 over–the-counter derivatives contracts it will be clearing from May 31.
JP Morgan Chase denies speculation on energy trading exit
David Puth, JP Morgan Chase’s global head of forex, whose remit includes managing the firm’s energy business, has denied the bank was planning to exit the energy business in Europe, or elsewhere, despite losing a raft of key energy traders in the past…
Dexia rolls out SunGard’s BancWare to new offices
Belgium’s Dexia Bank is to extend its use of SunGard's BancWare for interest rate risk management to 14 offices in Belgium, Luxembourg, the Netherlands, Ireland and the US.
SunGard cites slow portal take-up as it closes multi-bank FX
Another chapter charting the rise and fall of multi-bank trading platforms was completed last week, with the closure of technology firm SunGard’s multi-bank foreign exchange portal.
Global macro funds suffer in unpredictable markets
Uncertainty over global economic recovery and its feed through to companies has created divided opinion on the global macro sector