Foreign exchange
Man Investments takes compliance lead
Man Investments (Man), Europe's largest hedge fund group, with approximately £40 billion in assets under management, has implemented StarCompliance's 'code of ethics' software to automate its compliance procedures across its 15 global sites.
Russian derivatives legislation effort stalls
Efforts to fast-track the introduction of new legislation in Russia to provide legal certainty for derivatives contracts appear to have failed, following a hearing on the subject at the Russian Federation state duma on September 27.
Basel II package rapporteur named
Alexander Radwan has been named the rapporteur for the package of Basel II legislation winding its way through the European parliament.
US Midwest a step closer to wholesale power market
After several delays, the Midwest wholesale power market might now be on course for launch next March. The Midwest independent transmission system operator (Miso) today announced the creation of three financial hubs for the wholesale trading of…
Accounting standards: Causing waves
The scheduled adoption of IAS 39 may not be causing the same waves in Asia as it is in Europe, but corporate treasurers in Australia, Hong Kong and Singapore are eyeing the 1 January deadline with increasing nervousness.
Unlocking the rating process
The credit rating agencies are often criticized for a lack of transparency in their rating methodology. But as John Caserta reports, the agencies are taking steps to shed light on this often mysterious process and, in doing so, rebuild investor…
Spectron and Braemar join forces for freight desk
Energy broker Spectron and ship broker Braemar Seascope have formed a partnership called Braemar Spectron, to broker forward freight agreements (FFAs) concentrating initially on dry freight in London.
US regulators outline QIS4 process
US regulators are busy finalising the text for the fourth quantitative impact study (QIS4), which they expect to issue at the end of October to the banks participating in the exercise.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
Basel II could raise tensions between global banks and sovereign states
The new Basel Accord for bank safety, also known as Basel II, is likely to raise the level of tension between global banks and sovereign states, according to governor Ben Bernanke of the Federal Reserve Board of Governors.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
Energising the US
Democratic presidential nominee John Kerry has plans to require the US to generate20% of its electricity from renewable sources. But just how different are Kerry’sand President Bush’s stances on energy policy? By Paul Lyon
The windy city rules
The Chicago Climate Exchange is going from strength to strength if its new initiatives,new members and volumes are anything to go by. Here PaulLyon talks to CCX founderRichard Sandor about the exchange’s future
Avoiding the gas work
Ferc is exploring whether gas storage inventory details should be posted on adaily basis. How will this affect the development of the embryonic natural gasstorage swaps market? Paul Lyon reports
Found in translation
While risk managers have become focused on value-at-risk and similar risk metrics,these may not be the best way of communicating risk to stakeholders. BrettHumphreys discusses how to improve communications
Fabio Leoncini
Fabio Leoncini, head of the Italian association of energy suppliers and traders,outlines his efforts to get Italy’s energy market fully competitive. By Joe Marsh
UK standards setter pushes for full implementation of IAS 39
The UK’s Accounting Standards Board (ASB) believes UK companies should implement International Accounting Standard 39 in its entirety, despite a European Union decision to water down the hedge accounting rule across Europe.
A legal rollercoaster
US-based Polygon wants to see a better restructuring deal for British Energy’sshareholders. But the hedge fund faces a struggle to prevent the UK nuclear powergenerator from delisting. Joe Marsh reports
Learning from Esops' fables
France's SNCF is concentrating on the risks, particularly the operational ones, associated with its new employee savings programme. Duncan Wood reports on its progress, and throws light on the various other Esop-type products on the market.
Deutsche gets China derivatives licence
Deutsche Bank has become the latest institution to gain a licence to trade derivatives onshore in China. A Deutsche official in Singapore told RiskNews that the China Banking Regulatory Commission (CBRC) gave the German bank the go-ahead yesterday.
The Road to Compliance
In the race to meet new regulatory compliance, CIOs have their hands full. How close are they to the finish line?
You’re Hit!
Wall Street and the global capital markets are prepared for another physical attack, but is the industry ready for cyber-terrorism?
Cash margin squeeze benefits Japan forex derivatives dealers
Derivatives dealers in Japan are in demand, as spread compression in vanilla foreign exchange has prompted foreign banks to look elsewhere for margin.
Totem adds to its interest rate valuations service
Totem Market Valuations, a provider of over-the-counter derivatives price information, is to expand its interest rate derivatives pricing service to include Swiss francs, Hong Kong dollars and Korean won. The products covered will be interest rate…