Foreign exchange
Pension funds should use mark-to-market accounting, says Rhode
Lars Rhode, chief executive of the $71.4 billion Danish state pension fund ATP, told delegates attending Risk USA’s derivatives and risk management conference in New York that pension funds must be seen as financial institutions and follow the same…
Banks are ignoring Mifid threat, says Celent
BRUSSELS – The forex industry will be beset by law suits and regulatory action if it continues to ignore the Mifid directive coming into force next year, according to a research consultancy.
GFI and CB Richard Ellis group in US real estate derivatives venture
New York-based interdealer broker GFI Group and Houston-based CBRE Melody, the mortgage brokerage subsidiary of CB Richard Ellis Group, have launched a joint venture to develop a market for US real estate derivatives.
Municipality Finance issues Finnish inflation-linked bond
Finland-based public sector credit institution Municipality Finance has launched a Finnish inflation-linked bond.
EU markets are at a historic high, says EU commissioner
The EU is ahead of the US with many financial products.
APM wades into Californian water
ACES Power Marketing (APM) has extended its energy risk management services to irrigation districts and public water agencies in California.
TCF progress and desired outcomes outlined by the FSA
The FSA has stated how firms should measure progress towards the goals of the consumer outcomes.
Credit ratings will become problematic in the Asian bond markets under Basel II
The revised accord will increase the need for a regional credit rating system.
FSA warns of default risk
The growing use of credit derivatives and the rise of private equity mean that a large-scale default could be a much more complex and serious event in the future, according to the UK Financial Services Authority.
FSA warns of default risk
The growing use of credit derivatives and the rise of private equity mean that a large-scale default could be a much more complex and serious event in the future, according to the UK Financial Services Authority.
FDIC chairman seeks international leverage ratio
Bair believes BCBS should consider further capital safeguards.
ABN Amro launches new UK structured products business
ABN Amro has launched a new UK-based business to provide easy access to innovative structured products through a regulated fund vehicle.
Calpers increases hedge fund exposure to $4 billion
Sacramento-based California Public Employees’ Retirement System (Calpers) has announced plans to increase the size of its hedge fund investments to as much as $4 billion by the end of this year.
UK authorities issue best practice guide for business continuity
An operational risk exercise in 2005 has led to a business continuity practice guide for the UK financial industry.
UBS to launch European electricity and gas trading business
UBS plans to launch a European power and gas trading desk in the first quarter of 2007.
UBS to launch European electricity and gas trading business
UBS, the Zurich-based global investment bank, will launch a European power and gas trading desk in the first quarter of 2007.