Foreign exchange
Sponsor's article> An Integrated Approach to Operational Risk Management
Over the last several years, major financial institutions around the world have struggled with a number of questions that have arisen as a result of challenging regulatory directives. Included among these are:
Looking for clarity
The European Union's Markets in Financial Instruments Directive is set for implementation in April 2007. But there's plenty of confusion as to what the new regulations will entail – particularly with regards to 'best execution'. By Hann Ho
Under Scrutiny - Regulators focus on credit
Well-publicised risk issues and a recent growth spurt have brought credit markets firmly under the scrutiny of global regulators. Nikki Marmery investigates whether the attention will prove to be a boon for attracting more investment - or a barrier to…
ECB warns of hedge fund risk to European banks
The European Central Bank (ECB) has warned that European banks could be vulnerable to credit market volatility through their growing exposure to hedge funds.
Katrina sparks model rethink
Demand for catastrophe bonds is unlikely to wane following the impact of Hurricane Katrina in August, despite question marks raised about hedge funds' appetite for taking on catastrophe risk in the aftermath of the disaster.
Bayou fraud puts focus on due diligence
The filing of a civil complaint against Stamford, Connecticut-based hedge fund Bayou Management last month has reignited calls for increased regulation in the hedge fund sector.
Barclays adds cross-currency swaps to Barx
Barclays Capital has added cross-currency basis swaps to its Barx service provided via the Bloomberg electronic trading platform.
Endex lists Belgian power forwards
Dutch electricity exchange Endex started listing Belgian power forwards today. Belgian utility Electrabel and German utility Essent did the first trade today, a November baseload contract.
Bloomberg builds FX options presence
Bloomberg is continuing to build up its portfolio of foreign exchange tools with the planned introduction of forex options trading.
Did You Lock the Door?
Are your outsourcers protecting your customers' data adequately? Here are the most overlooked security issues and how to address them.
Filling the ratings void
Unlike bond investors, structured products investors lack the benefit of industry-standard risk ratings. But with investors, IFAs and distributors all demanding change, Germany's investment banking industry, analytic firms and ratings agencies across…
China banks launch RMB interest rate swap
The People’s Bank of China (PBOC) has started giving out approvals on a deal-by-deal basis for renminbi-denominated interest rate swaps, with the Bank of China the first to arrange a transaction for a client, while another transaction between China…
Crisis Point
In the moments after the London bombings in July, the financial markets reacted quickly and learned some lessons along the way.
BNP Paribas launches Hong Kong retail credit-linked note
BNP Paribas is today launching its first retail structured note for the Hong Kong market. The Paris-based bank will offer capital guarantees on the performance of the 'Elite Series 1' credit-linked notes, which are issued by BNP Paribas Retail Note…
UKPX to launch carbon spot contract on Climex
London-based energy exchange UKPX will co-operate with Dutch emissions exchange New Values to launch a UKPX spot contract for carbon emissions certificates.
BP Singapore chooses Oilspace’s Oilwatch
Global energy major BP’s Singapore division is implementing Oilspace’s Oilwatch, a web-based portal for real-time, aggregated energy prices, news and analytics. BP Singapore is rolling out the service across the Asia-Pacific region.
Comment requested on revised non-Basel II capital adequacy standards
Several US banking oversight and regulatory agencies, including the Federal Reserve Board, have requested public comment within 90 days on proposed changes to current US capital adequacy standards. The revised standards would, in the future, apply to…
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
Uncertainty remains over Basel II, says Schmidt-Bies
An element of uncertainty still exists about the full impact of Basel II in the US, according to Federal Reserve board member, Susan Schmidt-Bies.
Ex-NAB traders to stand trial
Two former National Australia Bank (NAB) forex options traders, Vincent Ficarra and Gianni Gray, are to stand trial for their alleged part in the A$360 million ($275 million) rogue trading scandal uncovered by the bank last year.
MiFID's spectre looms large
Time is running out for European financial institutions to establish a framework for complying with European Union MiFID directives by its implementation date of April 2007. DSTi's Ian Hunt looks at why and what MiFID is, the anticipated impact on market…
US regulators revise Basel II timetable
US Federal banking agencies have announced a revised domestic implementation timeline for Basel II
Tullett Prebon forms wet freight derivatives venture
Tullett Prebon, part of Collins Stewart Tullett, is the latest interdealer broker to partner with a shipping broker to offer forward freight agreements (FFAs). It has started a venture with three international shipping brokers with the aim of…
Cutting out the middleman
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