Feature
Software survey 2002 |
Some online risk management products failed to live up to expectations last year, but software vendors forge ahead, developing products that support fast-growing markets such as credit derivatives and CDOs, and tools to help banks meet Basel II…
Review of the year
A look back at the significant risk events of 2001.
Enron collapse a test, not threat, to credit market
Enron’s bankruptcy may be the biggest test of the credit derivatives market to date. But when the dust settles, its most profound effect may be on credit investors’ preference for managed portfolio transactions. Rob Dwyer reports
Enron and systemic risk
Regulators worry that concentrating derivatives market-making in a few major dealers poses severe systemic risk issues. Could one big player’s failure break the whole system? David Rowe says Enron is an ideal test case, with some encouraging indications
Barra launches Risk Factor
Barra, the California-based risk management systems vendor, has launched an equity volatility software programme, Risk Factor. Aimed at retail brokers, Risk Factor is designed to compare the relative volatility and likely performance risk of more than 10…
Brokers allocate $4.6 million WTC disaster relief
The world’s seven leading interdealer brokers have determined which charity funds will receive the $4.6 million they raised as disaster relief for victims of the World Trade Center terrorist attacks on September 11.
Dealers' VAR increases during 2001, says BofE report
Average value-at-risk (VAR) levels among leading dealers has increased over 2001, but despite increased vol across equity and rates markets post-September 11, large trading losses appear to have been avoided, according to the Bank of England’s Financial…
Kiodex set to lose EnronOnline deal
Kiodex, the Web-based risk management solutions firm, is steeling itself to lose its co-marketing agreement with EnronOnline, following the US energy company's filing for bankruptcy protection.
Pacific Exchange selects Radianz extranet
Pacific Exchange (PCX), the US-based stock options market-place, has signed a contract with US e-network services supplier Radianz to connect PCX's electronic trading system to RadianzNet, an internet protocol-based global financial extranet.
Barclays Capital to gain Thai foothold
Barclays Capital, the investment banking arm of the UK's Barclays Bank, plans to gain a strong foothold in the Thai derivatives market through its purchase of DBS Thai Danu Securities.
DBS selects DerivaTech for FX trading
The Development Bank of Singapore (DBS) has announced a deal with DerivaTech, the Chicago-based provider of FX derivatives pricing solutions, as part of its strategy to update its FX derivatives pricing systems.
NY Fed notes high variations in stress testing across institutions
The magnitude of shocks used in stress testing by financial institutions varies substantially, the Federal Reserve Bank of New York (NY Fed) has said in a paper.
ICE moves into UK gas and power market
Atlanta-based electronic energy and commodities trading exchange, the Intercontinental Exchange (ICE), is introducing its trading platform into the UK gas and power markets.
Japan's non-performing loans undermining economy
Tokyo could be in danger of losing its standing as a top financial centre, unless efforts are made to restructure the economy and cure Japanese banks' vast non-performing loans problem, warned Bank of Japan official Hiroshi Nakaso, speaking at Risk…