Foreign exchange
NY Fed chief warns of credit derivatives risk
Timothy Geithner, president of the New York Federal Reserve, has warned traders of the risk of catastrophe in the credit derivatives markets.
Barclays Capital slams UK pension accounting rules
Barclays Capital has likened pension funds piling into long-dated index-linked gilts to the tech bubble of 1998 to 2000. And its top London strategist believes the fault lies with new accounting rules that force an unreasonably inflexible discount rate…
Federal regulators release QIS4 summary findings
The federal bank and thrift regulatory agencies have published the ‘Summary findings of the fourth quantitative impact study’ (QIS4).
Fundamental issues in op risk management
Misconceptions about certain key concepts are causing confusion throughout the industry. By Ali Samad-Khan, Armin Rheinbay and Stephane Le Blevec
Banks need to focus on Pillars II and III says Celent
Banks may be over-emphasising the requirements for Basel II’s Pillar I, which sets the standard for risk-adjusted capital adequacy ratios, while overlooking the importance of Pillars II and III, which cover topics such as corporate governance, according…
Labour of love
Emerging markets have been a recurring theme in Charles Dallara's career. Now, as managing director of the Institute of International Finance, one of his key focuses is to strengthen crisis prevention in emerging market economies. By Alexander Campbell
Could do better?
Some industry participants believe US supervisors' approach to Basel II implementation is flawed, according to a survey by OR&C . By Ellen Davis
Banks need to focus on Pillars II and III says Celent
Banks may be over-emphasising the requirements for Basel II’s Pillar I, which sets the standard for risk-adjusted capital adequacy ratios, while overlooking the importance of Pillars II and III, which cover topics such as corporate governance, according…
BNP Paribas merges interest rate and forex trading businesses
BNP Paribas has combined its interest rate and foreign exchange trading capabilities as part of a reorganisation aimed at improving efficiency.
Asia-Pacific CDO issuance to rise this year, says Fitch
There is likely to be an increase in the issuance of collateralised debt obligation (CDO) issuance in the Asia-Pacific region in 2006, rating agency Fitch said in a new report.
OpenPages launches new solution
MASSACHUSETTS – OpenPages – the governance, risk and compliance management solutions company based in Massachusetts – has launched OpenPages ORM, an op risk management solution that enables banks to identify, measure and monitor operational risk at an…
Timetable chaos
US regulators' decision to delay Basel II by one year has frustrated international banks, causing some to reassess their global implementation plans. With the US regulators yet to release national implementation guidelines, bankers and supervisors are…
ABN Amro opens commodity desk in Brazil
ABN Amro has started trading commodity futures in Brazil with the opening of its new sugar desk in Sao Paulo.
Fed gets a pasting over capital rules
WASHINGTON, DC – The new capital rules for non-Basel II banks in the US received a pasting in comments from firms and industry bodies posted on regulatory websites in late January.
CEBS consultation paper "a disappointment"
LONDON – The financial services industry is less than pleased with the second consultation paper published by the Committee of European Banking Supervisors (CEBS) on the validation and assessment of credit and operational risk approaches.
The spotlight swings
The hedge fund industry has come under severe pressure for increased disclosure, with new SEC rules on the registration of hedge fund advisers to be implemented this month. Now, the private equity market is starting to attract the interest of supervisors…
Fed praises credit derivatives progress
The New York Federal Reserve Bank has praised credit derivatives dealers for cutting delays in deal processing
Pension funds move into alternative investments
Pension funds are increasingly investing in alternative assets such as real estate in order to reduce their liabilities, according to UK-based investment consultants Watson Wyatt.
Deciding on a future
A handful of companies are exploring how markets can improve decision-making, while academics are using futures trading to predict influenza outbreaks. Prediction markets have come a long way since the collapse of a controversial Pentagon-funded project…