Foreign exchange
Q&A: Basel Committee's Walter outlines Basel II reform agenda
In an exclusive interview with Risk , Stefan Walter, secretary general of the Basel Committee on Banking Supervision, discusses everything from capital to cyclicality while outlining the reform agenda for Basel II.
Isda aims to improve collateral management processes
The International Swaps and Derivatives Association’s collateral committee has revealed a set of goals for improvements to collateral management processes.
US securitisation regulation will force 5% retention
US regulators will require originators and sponsors of securitisations to retain 5% of securitised exposures and increase transparency of transactions, according to a leaked draft of a US Treasury report on improving the regulatory system, due to be…
Waxman-Markey early action provisions criticized as unclear
Industry commentators have spoken out about the provisions for early adoption of carbon emission reduction strategies in the cap-and-trade legislation currently going through the US House of Representatives.
S&P downgrades 18 US banks to reflect 'new reality'
New York-based rating agency Standard & Poor's (S&P) has cut its ratings on 18 US banks - a decision reflecting less-favourable operating conditions, greater volatility in financial markets and tighter regulatory supervision, according to the firm.
S&P: Market confidence in UK RMBS makes slow return
There has been some improvement in worst-case expectations for defaults on UK residential mortgage-backed securities (RMBS) in the second quarter, according to research by Standard & Poor's Fixed Income Risk Management Services.
Carbon copies from Croci
The financial crisis generally puts paid to all things environmental, but not now. Deutsche Bank has just launched to retail and institutional investors two new Ucits III funds based on "a stock portfolio of attractively valued companies with low…
Point Carbon launches US power trading product
Point Carbon, an energy and environmental market analyst, has launched its first power trading analytics tool for the North American market.
Cebs advises on options and national discretions in the CRD
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Risk management awareness improves, but budgets static
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Basel Committee extends membership to G-20
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Credit crisis did not start until October 2008, Fed research finds
New research from the US Federal Reserve Bank in St Louis, Missouri, has found US banks did not begin to cut credit significantly until the last few months of last year, more than 12 months after the generally recognised start of the financial crisis.
US stress tests: 'serious concerns remain' warns Congress
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US Congress: Banks may need more stress tests
A Congressional report into the stress tests imposed by the US Treasury on leading US banks earlier this year has warned that the stress scenarios used might have been too mild, and that the tests may have to be repeated later this year.
US banks keep a close eye on compliance
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Deposits turn to rates and inflation in US
Rates and inflation-linked certificates of deposit are being launched by US providers as sales of the government-backed investments continue to be robust. Wells Fargo, HSBC and JP Morgan are all offering structures which expose investors to changes in…
Swiss trade body unveils product risk classifications
The Swiss Structured Products Association is to launch a new online risk classification system for all listed structured products in Switzerland from the beginning of July. Products will now receive an SSPA risk rating based on the value at risk of the…
Deloitte survey finds risk management weaknesses
Despite the credit crisis, financial institutions are still showing risk management weaknesses in areas such as stress testing and model validation, according to an annual risk management survey conducted by Deloitte.
Banks repay $68bn in Tarp funds to US Treasury
Ten of the largest US financial institutions that have received public funds under the Troubled Assets Relief Program (Tarp) scheme are to pay back $68 billion after they were approved to reimburse the funds to the federal government yesterday.
Industry opposes mandatory clearing
Compulsory central clearing is not a one-stop solution to the problems of the derivatives markets, and could end up crippling the industry, warned speakers at an industry event in London on Tuesday.
Bluenext suspends trading following VAT exemption for carbon
Trading will resume on environmental exchange Bluenext on Wednesday June 10 at 8.00AM after two days of closure following the French Budget Ministry's announcement that carbon permits will be exempt from VAT.
Industry panel: avoid one-size-fits-all approach to OTC derivatives
A panel of industry experts on June 9 urged the US House Financial Services Subcommittee to steer clear of broad, one-size-fits-all regulation for over-the-counter derivatives.
SuperDerivatives partners with Athena
Derivatives technology provider SuperDerivatives has partnered with Canadian natural gas company Athena Energy Marketing (AEM) in an effort to increase market transparency.
Saxo Bank lowers barriers for entry with launch of commodity CFDs
Copenhagen-based investment bank Saxo Bank has launched its first contracts for difference (CFDs) for investors in commodities, which the bank says will lower barriers to trading energy, metals, soft commodities and grains.