Foreign exchange
The retail quandary
Comment
The Asian connection
Continuous-linked settlement
Set for growth
Comment
Market strong for Asian CDOs
New angles
Corporate Actions and the Need for Standards
The industry needs standards to automate corporate actions and meet the Group of Thirty's recommendations. By Gary Write, director, CityCompass.
Deutsche launches standardised forex index contracts
Deutsche Bank has launched standardised foreign exchange index contracts that track the performance of one currency against a basket of other currencies.
DBS Bank offers CLNs to Hong Kong retail investors
Singapore’s DBS Bank has begun offering credit-linked notes (CLNs) to Hong Kong retail investors.
SIAC Says SFTI Passed Blackout Test
NEW YORK - Officials of the Securities Industry Automation Corp. (SIAC) report that its Secure Financial Transaction Infrastructure (SFTI) network in greater New York went uninterrupted during the August 14 blackout that hit North America.
Get your house in order
On Thursday August 14 this year, the lights went out across the northeast US and the Canadian province of Ontario, in the worst ever power failure in North American history.
State St to launch FX fund in fourth quarter
State Street Global Advisors (SSgA), the investment management arm of State Street, is set to launch a currency fund in the fourth quarter as part of its newly created hedge fund strategies group, a senior official at the firm told RiskNews’ sister…
Risk transparency without position transparency
When high-profile blow-ups hit the headlines, calls for greater transparency come to the fore. By Peter Davies, vice-chairman, RiskMetrics Group
US bulge-bracket firms get serious about compliance
US bulge-bracket firms are starting to address a number of complex compliance and ethical business issues in the wake of the Sarbanes-Oxley Act of 2002 by investing in technology to monitor their employees' conduct.
Escoffier outlines SG’s UK expansion plans
David Escoffier, French investment bank SG’s newly appointed head of equity derivatives for the UK and northern Europe, has outlined his plans for the bank’s British expansion, including selling more structured products.
Rothschild enters “under-banked” oil risk sector
Rothschild has entered the oil risk management sector, offering over-the-counter risk management products worldwide across all oil commodities to oil producers, consumers and utilities.
Signs are good for IAS 39 final preparations
IAS 39 is still being finalised, but bank asset and liability managers are already putting in place systems and procedures to make sure their businesses come up to scratch. John Ferry reports
The dilemmas of risk disclosure
Barry Schachter discovers that the path towards a workable structure for hedge fund quantitative risk disclosure is very narrow. Bad news for the post-LTCM lobbyists
Emerging markets raise concerns at World Bank meeting
The discretion to introduce more flexibility in calculating certainoperational risks under the alternative standard approach (ASA) wascautiously welcomed by developing country representatives present at theWorld Bank/International Monetary Fund’s seminar…
Volkswagen steps up currency hedging
European car manufacturer Volkswagen (VW) has increased its use of foreign exchange hedging, after seeing its profits in the first half sink by 55% year-on-year, in part due to the strength of the euro.
Interest rate products dominate OTC derivatives growth in H1
The over-the-counter vanilla interest rate derivatives market grew 24% in the first six months of the year, to $123.90 trillion in notional outstanding, according to the International Swaps and Derivatives Association.
Measuring operational risk: a reality check
In the second of two articles on operational risk, Mark Holmes looks at the measurement issues involved, taking a constructively critical look at the ideas currently in vogue.
UK banks failing SMEs on hedging
More than half of UK businesses with exposure to currency transactions totalling £20 million per year are failing to hedge their exposure, according to research produced by currency services firm Travelex in the UK. The lack of protection is due to a…
Fed to change supervision structure for Basel II
The Federal Reserve Bank of New York will change the way its supervisory departments are structured in order to implement Basel II, William Rutledge, executive vice president of the banking supervision group and a member of the management committee at…
State Street launches dedicated hedge fund group
State Street Global Advisors (SSgA), the investment management arm of institutional fund manager State Street Corporation, has created a dedicated group for its hedge fund services, in a bid to cash in on increasing market demand for alternative…
Energy companies face ‘crunch time’ for accounting compliance
PricewaterhouseCoopers (PWC) believes time is running out for energy and utility companies to get to grips with the pending implemenation of the International Financial Reporting Standards (IFRS).