Foreign exchange
Capital requirements for non-Basel II banks
WASHINGTON, DC – US banks that are not required to implement Basel II, and are not choosing to ‘opt in’ to it, will nonetheless be required to update their approach to capital calculation, according to regulators speaking at recent US events.
MiFID rolls on despite industry gripes
BRUSSELS - The implementation of the Markets in Financial Instruments Directive (MiFID) rolls on, much to the chagrin of some financial services firms.
Basel hurries to clarify questions
BASEL, SWITZERLAND – Members of the Basel Committee on Banking Supervision are burning the midnight oil to try to resolve some difficult op risk issues before various jurisdictions are forced to finalise their Basel II rules to meet implementation…
Basel Committee set to shift on counterparty credit exposures
The Basel Committee on Banking Supervision is likely to bow to pressure from the banking industry and change the way it deals with counterparty credit risk.
Midwest power market to start on April 1
The US energy market regulator yesterday gave the Midwest Independent System Operator (Miso) the go-ahead to launch its wholesale energy market on April 1, after several delays.
Germany’s closed shop
Germany
Turbulent times
Germany
Russell Newton
Germany
Ethanol
Germany
A complicated option
Germany
Calgary’s oil patch
Germany
Shopping for curves
Germany
The sum of its parts
Germany
BlueBay launches emerging market CDO
London-based BlueBay Asset Management has launched a $350 million emerging market synthetic collateralised debt obligation (CDO).
Hanging on at the top
Germany
Powernext selects Trayport for emissions trading, awaits CO 2 allocation
French electricity exchange Powernext will use software supplier Trayport’s Global Vision platform for CO 2 emissions trading, but is still waiting to start the spot emissions market it first announced in January.
US regulators to revise Basel I this summer, says Greenspan
This summer, US financial regulators will propose simple revisions to the current Basel capital rules (Basel I) that would mitigate any unintended and undesired competitive distortions created by Basell II, according to Federal Reserve chairman Alan…
The Compliance Dance
CIOs and CCOs are working more closely together than ever before in these jittery compliance days. Waters asks, what’s the working relationship really like?
The swap terminator
Germany
Standard Bank Launches Credit Risk Project
The Standard Bank Group , based in South Africa, is using the Adaptiv Credit Risk solution from SunGard Trading and Risk Systems (Stars) to build a common platform for credit risk processing for all its wholesale corporate and investment banking…
The FSA’s quest for respect
Hector Sants, head of wholesale markets at the Financial Services Authority, talks to Nicholas Dunbar about his plans for increased regulatory focus on fixed-income structured products and hedge funds
Drop in volatility prompts move to exotics
The drop in equity implied volatility levels is making it harder to offer yield enhancement products, says Harold Kim, Hong Kong-based Citigroup managing director, speaking at a structured products forum in the Special Administrative Region.
Banks leapfrog the rating agencies
European banks are cutting rating agencies down to size with a new loan data pooling initiative. Dutch bank NIB is leading the initiative. By Nicholas Dunbar
Credit managers hope for new accounting blueprint
Mark-to-market accounting has frustrated credit portfolio managers at the largest international banks. It’s made their loan books more volatile and their derivatives hedges less efficient. But accounting standards setters may be ready to review the rules…