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Foreign exchange

The ABC of ORMs

Creating an effective operational risk management (ORM) framework is essential for the institution looking to stay afloat in today’s volatile op risk environment. Gene Álvarez provides an in-depth analysis of how such a framework can be put in place

Trading Book review to be published in April

Basel II's Trading Book review will be published at the end of April, according to Dianne Moore, prudential programme leader at the UK's Financial Services Authority in London. The original target date for a consultation release, according to a document…

Protecting alpha, preventing omega

The process by which hedge funds do business is under increasing scrutiny from both regulators and investment institutions. Getting it right at the outset is essential if the industry is to develop. By Anthony Cowell

In a muddle over MiFID

The EU’s Markets in Financial Instruments Directive (MiFID) has appeared like a bolt from the blue for most op risk managers. Should they be scared? By Duncan Wood

Greenpeace protest at IPE fuels debate on emissions trading

Greenpeace’s invasion of London’s International Petroleum Exchange (IPE) on Wednesday was intended to draw attention to the environmental impact of ‘big oil’ on the day the Kyoto Protocol came into force. However, by attacking an exchange that is about…

CEBS to create EU reporting standards

LONDON -- In January, the Committee of European Banking Supervisors (CEBS) launched a consultation on standardising certain aspects of financial reporting within the EU. It also announced a complete timetable for the various consultations it plans to…

UK broker trade group to launch emissions indexes

The London Energy Brokers’ Association (Leba) will launch a series of ‘green indices’, which it says are designed as independent benchmarks for the European emissions market. The association will release both spot and forward indexes, with the aim of…

WMG plans to launch three hedge funds

WMG, the hedge fund and wealth management firm, plans to roll out three in-house hedge funds in the second quarter of this year. Mark Richardson, head of risk management, said the new fund strategies are likely to be global macro, credit arbitrage and a…

A good bet for 2005

2005 is forecast to be a tough year for many hedge funds, but the saturation of some of their traditional markets could prove a boon to the energy sector, finds Stella Farrington

The Risk Awards 2005

Risk’s sixth annual awards highlight the institutions and individuals that have surpassed expectations in highly challenging and competitive markets, as well as recognising the achievements of a broader range of end-users of derivatives.

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