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Merrill to launch options on vol swaps
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BNP Paribas beats SG for ZCM assets
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Emerging adequacy
The Committee of Chief Risk Officers' capital adequacy 'emerging practice' guidelines will, says the capital adequacy committee chair, evolve into a new regulatory body within a year.
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…
Basel II Forum USA: Speakers stress feedback can still shape regulation
With the commentary period for the Basel Committee on Banking Supervision's final consultative paper (CP3) officially ending tomorrow, two speakers at Risk's Basel II Forum USA urged banks to be vocal about concerns related to the implementation of Basel…
Basel II Forum USA: Speakers stress feedback can still shape regulation
With the commentary period for the Basel Committee on Banking Supervision’s final consultative paper (CP3) officially ending tomorrow, two speakers at Risk ’s Basel II Forum USA urged banks to be vocal about concerns related to the implementation of…
Basel may advise banks on outsourcing
The Basel Committee on Banking Supervision may investigate the risks associated with outsourcing trading systems to third parties, a senior Bank for International Settlement (BIS) official told FX Week.
JP Morgan, Citigroup pay $255 million in Enron, Dynegy settlement
The Securities and Exchange Commission (SEC) today settled enforcement proceedings brought against JP Morgan Chase and Citigroup. Both firms’ settlements pertain to Enron-related proceedings brought by the SEC. Under the agreements, JP Morgan Chase will…
Saxo adds futures trading with Refco
Danish investment bank Saxo Bank has added futures coverage to SaxoTrader, its online trading platform, as part of a partnership with Refco Overseas, the European arm of New York-based Refco Group.
Cap arb hedging techniques not "universally accepted", says Morgan Stanley
Common techniques for weighting the delta used in capital arbitrage trades – which typically involve buying credit protection while simultaneously selling equity put options on the same name – are “by no means universally accepted”, according to research…
Getting to grips with fair value
European corporate treasurers and finance officers are still way behind in their preparations for IAS 39.
US defaults down, recoveries up, says Fitch
The default rate in the United States has fallen 69%, while recovery rates went up by 50% in the first half of 2003, according to Fitch Ratings.
Accord preparations: the rest is yet to come
While the debates have raged for months about many aspects of the proposed Basel II Accord, on some points there has been relative silence, in particular with regard to the seeming overreliance on statistical techniques.
Moody's KMV integrates credit risk management
Moody's KMV has announced the integration of its credit risk products – RiskCalc and Credit Monitor – into one credit risk management platform.
Moody’s KMV integrates credit risk management
Moody’s KMV has announced the integration of its credit risk products – RiskCalc and Credit Monitor – into one credit risk management platform.
FSA shakes up capital rules for UK insurers
The UK's main financial regulator, the Financial Services Authority (FSA), has released proposals for a shake-up of its capital regime for non-life insurers.