Feature
CFTC reorganises to improve energy derivatives oversight
The Commodity Futures Trading Commission (CFTC) plans to restructure to allow more effective implementation of the Commodity Futures Modernization Act of 2000 that deregulated US futures and derivatives markets.
Bank of America appoints new rates head
Bank of America has promoted John Kapustiak to global head of interest rate derivatives trading. Chicago-based Kapustiak was previously head of US interest rate options and proprietary trading.
Hong Kong warrants see steady first week
The Hong Kong warrants market's first week of trading was steady, accounting for 4% of the week’s total turnover on the Hong Kong Exchanges and Clearing (HKEx).
Setting a new pace
‘Broken records and shattered dreams’ was the headline for last year’s exchange review – but it could easily have been appropriate for this year’s. Certain exchanges have reported stellar growth, while others are suffering, for various reasons. By Joel…
Trading software: tailored to maturity
It is critical that an energy company looking to acquire risk management and trading software be aware of its current as well as future needs. By Fred Cohen and Satyan Malhotra
A hedge by any other name
It is one of the most commonly used phrases in risk management parlance, but what exactly is meant by the term ‘hedge’? Here we propose a new definition. By Brett Humphreys
Success is hardly assured
Single stock features
More talk than action
CCP 12
A shift in e-trading flows
Energy exchanges
A case of terminal consolidation
Exchange connectivity
New contract launches aplenty
Derivatives exchanges
Kicking off a global trend
Liffe-Euronext merger
Retail banking accounts for two-thirds of op loss events, says Basel survey
BASEL, SWITZERLAND -- Operational losses in retail banking accounted for two-thirds of the number of operational losses suffered by banks, according to a survey by global banking regulators. The survey sought data about the impact on major banks of the…
The Basle II capital accord: op risk proposals in brief
This summary has been updated to include the revisions to the Basle II op risk proposals contained in the Working Paper on the Regulatory Treatment of Operational Risk issued in September, 2001 and available on the Bank for International Settlements’…
Loss survey supports arguments against capital charges, say fund managers
London - The results of a survey by global banking regulators of banks’ operational loss experience support arguments against using capital charges as the main protection against operational losses in fund management and broker activities. This is the…
IT and staff quality seen as key as India adopts Basel II
CALCUTTA, INDIA - The need to improve staff quality and use information technology (IT) effectively are among key targets for the Indian banking system as it prepares to meet intern ational standards of risk-based regulation, India’s central bank chief…
Risk financing might solve doubts over op risk insurance
LONDON - Combining risk transfer with risk financing might be one way of resolving regulator doubts about the use of insurance to mitigate operational risk under the proposed Basel II accord.
On a stronger footing
E-trading
Unlocking ABS value
Cover story
Second-guessing the rating agencies
Debt capacity advice
Sophisticated minority
Nordic focus
Swede talking
Nordic focus
High yield but not high enough
People news