Foreign exchange
Falling volatility could lead to a reassessment of investment strategies, says Morgan Stanley
Investors may have to rethink their investment strategies if credit and equity market volatility continues to fall, according to research by Morgan Stanley.
Basel Committee releases home-host paper
The Basel Committee on Banking Supervision released a paper today, "High level principles for the cross-border implementation of the New Accord".
STP break puts banks at risk
Third-party banks using the continuous-linked settlement (CLS) service may be subject to increasing operational risk as a result of a breakdown in straight-through processing (STP), reports Risk's sister publication FX Week .
Deutsche bridges private banking and forex
Deutsche Bank is seeing increased foreign exchange business from its private clients following the recent appointment of David Bee in London, Risk's sister publication FX Week reports. Bee is working with Jim Turley, global head of forex in London, and…
Ziff transfers to Mercer Oliver Wyman from Nera
Bradley Ziff has joined Mercer Oliver Wyman (MOW), a subsidiary of Marsh & McLennan, as a director to help with the consultancy’s global efforts in operational risk consulting.
FSA study shows wide gap in firms' op risk frameworks
LONDON - In late July, the UK's FSA published a study of the practical implementation challenges that financial firms face when putting together an op risk infrastructure.
Investors cut US hedge fund allocations by 14% in Q2, says Reuters poll
Investors cut allocations to hedge funds by 14% between April and June this year, and more than doubled investments in the safest alternative strategies, according to the LJH-Reuters poll of hedge fund managers.
US investment banks create myriad problems for Basel II
NEW YORK - As financial institutions and banking regulators settle down to the challenge of implementing Basel II, a substantial problem has emerged for US investment banks.
Getting to grips with legal risk in investment compliance
Pauline Ashall of Linklaters discusses the new compliance challenges that asset management firms are facing, and outlines the steps executives can take to mitigate legal risk.
Basel II creates myriad problems for US investment banks
Basel II is causing substantial problems for US investment banks whose overseas subsidiaries may receive harsh treatment under the new capital regime and whose home regulator, the Securities and Exchange Commission (SEC), says it is unsure when it will…
Commerzbank selects SunGard’s Credient Analytics
Commerzbank has selected Credient Analytics, the credit analytics service provided by SunGard Trading and Risk Systems, to handle investment banking credit exposure.
CP3 comments to be posted shortly, says BIS official
An official from the Bank for International Settlements in Basel, Switzerland said today in an exclusive interview with BaselAlert.com that the hundreds of comment letters that the institution has received in response to the Basel Committee on Banking…
Derivatives industry achieves new targets in confirmation processing, says Isda
The derivatives industry is setting and achieving new targets on confirmation processing, according to the International Swaps and Derivatives Association.
Isda releases new draft of FpML 4.0
The International Swaps and Derivatives Association has released the second working draft for Financial products Markup Language (FpML) version 4.0.
Cad text horrifies credit agencies
LONDON - Industry associations and rating agencies are concerned about the regulatory risk implications of new regulations on credit rating agencies inserted into the latest draft of the EU Cad, published in early July.
Singapore finalises guidelines
The Monetary Authority of Singapore (MAS) has issued final, but not compulsory, guidelines for the country's risk management, business continuity and technology risk management practices.
ANPR maps out US differences on Basel II implementation for banks
WASHINGTON, DC - US regulators are determined to go their own way when it comes to implementing Basel II, according to the government's ANPR, published in mid-July.
CP189: the FSA yet to clarify rules for key op risk issues
LONDON - UK firms are faced with more questions than answers in the operational risk portions of the latest consultation paper from the FSA, CP189: Report and first consultation on the implementation of the new Basel and EU capital adequacy standards,…
Questioning convergence
Securitisation
The strong dollar challenge
Corporate hedging
Retail credit innovations
Credit derivatives
Ready and waiting
Basel Accord
Getting ready for IAS
Accounting
Isda and BMA propose 35% charge for restructuring risk
The International Swaps and Derivatives Association (Isda) and the Bond Market Association (BMA) submitted a comment letter today to the Basel Committee on Banking Supervision in which they argued that, for the sake of capital calculations, loans hedged…