Foreign exchange
Take me to your interdealer
Hedge funds
The untenable robustness of hedging
Credit indexes
Foreign IPO slump is global phenomenon
London, Hong Kong also losing foreign investment, says study
New head for Chicago Fed
Charles Evans will take over from Michael Moskow as president and chief executive of the Chicago Federal Reserve in September.
Australia revises Basel II standardised approaches
The Australian Prudential Regulation Authority has published the final draft of its standardised approaches to credit and operational risk.
Banca Italease restructures after €686 million losses on derivatives
Banca Italease is to reorganise its risk management and control processes following the announcement of a net loss of €686 million from its derivatives business.
Hedge fund risk overstated by Solvency II proposals
Solvency II, the insurance industry’s Basel, could unfairly hinder hedge fund investment by insurance and pensions companies.
FSA simplifies individual competence tests
The Markets in Financial Instruments Directive (Mifid) has prompted the Financial Services Authority (FSA), the UK’s industry regulator, to introduce a more straightforward competence regime.
BIS investigates banks’ decisions on capital regulation
The Bank for International Settlements (BIS) has published a paper that looks at the relationship between capital regulation and banks’ financial decisions.
Grosvenor closes first Japanese property derivatives deal
International property company Grosvenor Group has carried out the first Japanese property derivatives trade based on the IPD Index for Japan, a two-year property total-return swap with the Royal Bank of Scotland.
Risk management and stability better under Basel II, but industry unprepared
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Swedish central bank head wants EU cross-border banking regulator
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HK central bank head discusses spotting risks
Joseph Yam, chief executive of the Hong Kong Monetary Authority, has said the market should give risk prevention more thought.
NY Fed chief discusses regulation
Timothy Geithner, the New York Federal Reserve’s president and chief executive, said regulators need to respond quickly to financial developments and co-operate more with their international peers.
Nymex to introduce new steel futures contract
The New York Mercantile Exchange (Nymex) will introduce a steel futures contract, based on an index developed by the steel industry information service World Steel Dynamics (WSD). The new contract will be available on the Nymex ClearPort electronic…
SG CIB creates integrated swap group
Société Générale Corporate and Investment Banking (SG CIB) has created an integrated swap group to extend its franchise in the flow rates business in Europe.
Saudi central bank governor expects banks to be ready for Basel II
Hamad Al-Sayari, governor of the Saudi Arabian Monetary Agency (SAMA), said the jurisdiction’s financial institutions can meet the challenge of Basel II implementation at the start of next year.
Swedish central bank head wants EU cross-border banking regulator
Stefan Ingves, governor of the Sveriges Riksbank, said he would like to see a supranational regulator for the major cross-border banks in Europe.
Risk management and stability better under Basel II, but industry unprepared
Basel II will improve risk management and stabilise the banking system, but almost half the industry is not sure they will be ready in time.
US Congress demands answers on SARs
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Auditors more involved in risk management
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