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China expands FX market
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Profile
SA banks complete QIS4
SOUTH AFRICA – The South African Reserve Bank is due to release feedback on the results of its fourth quantitative impact study (QIS4) this July, according to Andre Blaauw, general manager for enterprise risk management at Absa Bank, South Africa’s…
UK property derivatives under spotlight
Though the UK commercial property derivatives market appears to be finally taking off, barriers to liquidity and efficiency remain, said derivatives professionals at a seminar held by law firm Field Fisher Waterhouse earlier this week.
Building a risk culture
German bank WestLB appointed its first chief risk officer, Matthijs van den Adel, last year after posting heavy losses in 2002 and 2003. His first job was to restructure the bank’s entire risk management framework. By Duncan Wood
Mexican structured bond issuance in 2005 hits $2 billion
Standard and Poor’s said that $2.03 billion worth of Mexican structured bonds have been issued so far this year. And with US dollar-denominated paper becoming more popular, use of derivatives in transactions is increasing.
LDCE results show risk sensitivity in US banks, says Rosengren
NEW YORK – Initial results of the loss data collection exercise (LDCE) show that US Basel II banks are holding operational risk capital that is proportional to their losses, according to Eric Rosengren, senior vice-president at the Federal Reserve Bank…
A pragmatic approach to modelling KRIs and their impact on OpVaR
Although there is a wealth of data on key risk indicators, there is not enough guidance on how to use it, says Aniruddho Sanyal
What has op risk to do with ‘credit’ ratings?
How should credit rating agencies include op risk in their assessment of firms’ creditworthiness? By Choongo Moonga
Mandate expands, but money doesn’t
Operational risk managers face two contradictory forces: greatly increased responsibility but not-so-greatly increased resources, according to our third annual global operational risk survey. By Ellen Davis
China in its hand
As Industrial Commercial Bank of China receives a $15 billion bailout from the government, the challenges in attracting foreign investment and strengthening the sector become ever more apparent. James Ockenden talks to the China Banking Regulatory…
GlobalView technology to support ConfirmHub
US-based GlobalView Software has been chosen as the exclusive technology provider to ConfirmHub, a joint venture by brokers Icap, Amerex Energy and Prebon Energy. ConfirmHub is a post-execution, straight-through processing (STP) trade-confirmation…
QIS 4 results are worrisome, say banking agencies
American federal banking agencies have told Congress of their deep concerns about the results of the fourth Basel II Quantitative Impact Study (QIS4).
Basel Committee calls for dialogue on ERM
MONTE CARLO – Ryozo Himino, secretary general of the Basel Committee on Banking Supervision, called on bankers and regulators to engage in a constructive dialogue to achieve the dream of real enterprise-wide risk management, in a keynote speech at the…
FSA to skip QIS4 to concentrate on QIS5
LONDON – The UK’s Financial Services Authority (FSA) will not be participating in a quantitative impact study four (QIS4), but will instead focus on providing information for a QIS5, according to a letter from the regulator to industry association…
Barclays Capital in first Leba carbon index trade
Barclays Capital has completed the first financial carbon trade using the new Leba Carbon Index for "a significant volume" of EU emissions allowances.