Foreign exchange
On the level
convertibles
Monthly snapshot
market data
No strings attached
louise purtle
Diamond
cover story
On the Fritz
martin fridson
Two of a kind?
Equity default swaps
Hedge funds’ swift exit
Comment
The iconoclast of Brooklyn
Profile
RBS expands interbank forex sales team
The Royal Bank of Scotland has expanded its interbank foreign exchange sales business, adding desks in New York and Asia to complement its existing London-based team.
OpRisk accord sans frontières?
Capital Accord Comment
Downgrade/upgrade ratio improved, Moody’s reports
The ratio of downgrades to upgrades declined sharply in 2003, although rating volatility was still above its long-term historical average, said rating agency Moody's Investors Service.
Merrill creates debt-equity strategic solutions group
Merrill Lynch has created a new debt-equity strategic solutions group by bringing together its equity structured derivatives and debt strategic solutions marketing efforts in Europe, the Middle East and Africa (EMEA).
Major op risk software providers grow at expense of smaller rivals
Sales of operational risk solutions seem to be on the rise, but it is established vendors who are seeing deals close. Many small or new software houses in the op risk space seem still to be experiencing a lull in sales.
RBC unveils new forex structure
Royal Bank of Canada (RBC) has confirmed a new senior management structure in foreign exchange following the departure of global foreign exchange head David Gibbins, reports Risk’s sister publication, FX Week .
RBS leading UK forex race
Royal Bank of Scotland (RBS) reported a 24% increase in foreign exchange revenues for 2003, the largest year-on-year rise among UK banks reporting their results last week, reports Risk’s sister publication, FX Week .
University of California adds four to Enron lawsuit
The University of California continues to add plaintiffs to its lawsuit against Enron. RBC, Goldman Sachs and two law firms are now facing the university's wrath.
All change on the BIS op risk team
Three well-known regulatory figures will be changing places over the course of February as various secondment arrangements between the Bank for International Settlements (BIS), the Bank of England (BofE) and the Federal Reserve in the US come to an end.
Ex-Merrill Lynch energy trader pleads guilty to fraud
At 24, Daniel Gordon headed Merrill Lynch's energy trading business. He has now pleaded guilty to a $43 million fraud.
The science of compliance
The Sarbanes-Oxley Act is placing urgent demands on many US companies for accurate reporting of financial information. Clive Davidson reports on the implications for financial technology.
Sponsor's article > Accounting for revenue uncertainty
The past 20 years have seen an increasing focus on mark-to-market accounting when determining corporate profits. This has been accompanied by a dramatic growth in contracts where multiple complex contingencies interact to affect valuation. David Rowe…
Sibling rivalry
argentina
A complex framework
Many Japanese financial institutions now conduct their derivatives business through their securities firms, but there are a number of legal risks in using a securities dealer as a derivatives trading entity, writes Tan Ser Kiat of Denton Wilde Sapte…