Foreign exchange
Final report released on the Lamfalussy process
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IKB concealed subprime risk from board, auditor says
Management at troubled German bank IKB did not disclose the bank's €1.6 billion exposure to US subprime loans to the IKB board, says a special report by PricewaterhouseCoopers.
Mizuho launches alternative investment group
Mizuho International, the London-based international securities arm of Mizuho Financial Group, has launched a new alternative investment group (AIG).
Nomura to offer catastrophe risk hedging
Nomura Securities will provide its Japanese clients with risk hedging to transfer catastrophe-related risk to the capital markets via derivatives and catastrophe bonds.
Barclays unveils new series to meet heavy investor demand
Barclays has launched a further series of protected investments after investor demand forced the previous series to close a fortnight early. The latest products include investments between three and six years linked to the FTSE 100.
Aleri and OILspace enter partnership
Aleri, a provider of complex event processing (CEP) technology, and OILspace, a provider of real-time energy management applications, have entered into a partnership to offer their combined services to customers.
Crude hits all time high of $88, more upside seen
Oil price risk remains to the upside after it shot through $88 a barrel Tuesday on declining US stocks and growing geopolitical tensions in the Middle East, analysts say.
Market risk regulatory capital expected to rise
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Standard Chartered hires interest rates head from Deutsche Bank
Standard Chartered Bank has hired Nitin Gulabani as global head of interest rate derivatives for its wholesale banking business. Singapore-based Gulabani joins from Deutsche Bank where he was global head of currencies and commodities for Asia Pacific.
FSA under fire over Northern Rock
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Basel Committee plans new default risk capital requirements
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Merrill writedowns throw light on risk management
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EEX and Eurex to cooperate in CO2 trading
The European Energy Exchange (EEX) and international derivatives exchange Eurex announced today that they are to offer a common platform for emissions trading.
CPDO ratings scorned at credit risk summit
Rating agencies have come under attack once again for assigning ratings to constant proportion debt obligations (CPDOs), during a panel discussion at Risk’s 2007 Credit Risk Summit Europe in London.
Bear Stearns hires two for structured equity in Europe
Bear Stearns has hired two managing directors in its London-based European structured equity products team. Shilpa Amin, who joins from Nomura, will be responsible for setting up a Ucits III Funds platform. Olivier Mathys will be responsible for…
LSE offers exposure to commodity forwards with nine new ETCs
ETF Securities is launching nine new exchange traded commodities (ETCs) on the London Stock Exchange (LSE) tomorrow, as investor appetite grows for exposure to the commodities bull-run.
Reuters launches new structured products platform
Trade and risk management vendor Reuters has launched the Kondor+ Structured Products (KSP) platform which enables users to design, price and manage the risk of structured products.
Merrill writedowns throw light on risk management
Merrill Lynch has released a warning on its third-quarter results. The bank said its mark-to-market losses on its collateralised debt obligation (CDO) and leveraged finance operations would be up to 50 cents a share.
UK card fraud on the rise
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