Foreign exchange
JP Morgan Chase and Morgan Stanley to launch Trac-x Europe options
JP Morgan Chase and Morgan Stanley are launching options on their Trac-x Europe credit default swap index this afternoon.
Job moves
People
FASB unlikely to delay FIN 46, says CSFB
The US Financial Accounting Standards Board (FASB) is unlikely to delay the introduction of financial interpretation number 46 (FIN 46), the consolidation of variable interest entities (VIEs), according to the accounting and tax research team at Credit…
Quantitative impact studies will go regional
The Basel Committee on Banking Supervision does not plan on conducting further quantitative impact studies (QISs) to explore the effect that the new Basel II framework will have on the international banking industry, according to Patricia Jackson,…
New EU supervisors group to be created for CAD implementation
The EU Commission has indicated the need for the creation of "a new high-level forum of European supervisors" to help implement the EU's capital adequacy directive (CAD) by the 2006 deadline evenly across the region. The new draft CAD also requires…
FSA publishes Basel II/CAD implementation consultation
The UK's Financial Services Authority published its 'Report and first consultation on the implementation of the new Basel and EU Capital Adequacy Standards' in early July.
FASB unlikely to delay FIN 46, says CSFB
The US Financial Accounting Standards Board (FASB) is unlikely to delay the introduction of financial interpretation number 46 (FIN 46), the consolidation of variable interest entities (VIEs), according to the accounting and tax research team at Credit…
BNP Paribas beats SG for ZCM assets
French bank BNP Paribas has entered the final stages of negotiations to purchase about 140 structured transactions linked to funds investments from Zurich Capital Markets (ZCM), a division of Swiss insurer Zurich Financial.
Fed publishes ANPR preview material
The US Federal Reserve has published material on its website that gives readers a preview of what can be expected from the forthcoming advance notice of proposed rulemaking (ANPR), which has a planned late-July release date.
India allows foreign currency rupee options
Foreign currency rupee options have finally become reality in India, with the Reserve Bank of India (RBI) allowing plain vanilla currency options trading to commence today.
Sponsor's article > Operational Risk and its impact on Investment Managers: A system solution perspective
Operational risk is a major issue for investment managers due to advances in back office automation and increased outsourcing.
Jacobs joins Chicago Fed's new economic capital group
Former managing director and head of analytics for Bank of America's loan portfolio management, Thomas Jacobs, has joined the Federal Reserve Bank of Chicago as an economic capital specialist in the watchdog's risk specialist division.
Energy firms turn to credit derivatives market
More energy companies are likely to start purchasing credit derivatives as a way of mitigating counterparty credit risk, analysts said at a conference in New York this week. This is partly because spreads on single-name credit default swaps (CDS) of…
Citi contemplating US credit derivatives index
Citigroup is contemplating launching a US credit derivatives index product, according to Doug Warren, managing director for North American credit derivatives, and intends to make a decision on this within the next two to three weeks.
Credit risk models enhance link between credit and equity prices, say BIS
The growing use of credit risk models is helping to strengthen the link between credit and equity prices, said the Bank for International Settlements (BIS).
Cracking correlation
Credit default swaps
Getting to grips with fair value
Derivatives accounting
A natural pillar
Profile: BMW
Dashed hopes
CFOs
Staying away in droves
Credit
Diversify and conquer
Profile: General Electric
Structurally sound
Profile
