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TriOptima terminates €420 billion in rate swaps
The delayed first run of TriOptima’s swap tear-up service, TriReduce, eliminated 7,880 euro-denominated interest rate swaps with a notional value of €420 billion – or about a fifth of the notional value of the credit derivatives market.
Political uncertainty feeds US rates volatility
Despite the end of large scale hostilities in Iraq, continuing political uncertainty in the wake of the war is likely to cause increased intra-day US interest rates volatility in the short term, according to research by Deutsche Bank.
CP3 released
The Basel Committee on Banking Supervision released its third consultative paper (CP3) this morning, by posting the paper on its website.
US FDIC produces second Basel analysis paper
The US's Federal Deposit Insurance Corporation has published its second study of the Basel Accord revisions, titled Risk-based capital requirements for commercial lending: the impact of Basel II .
The Journey to the Golden Copy
You'll need a map to help create a golden copy of data - and to maintain it.
CP3, QIS3 coming this week, Radwan report delayed until May 20
The Basel Committee on Banking Supervision is said to be preparing to release both the third consultative paper (CP3) and the third quantitative impact study (QIS3) this week.
AEP exits Nordic energy trading
American Electric Power (AEP) today completed its exit from the Nordic energy trading market, an AEP spokesman told RiskNews . The management team responsible for AEP's activities in the Nordic region will assume AEP's Nordic trading book, office leases…
Risk management and data "are critical success factors" in insurer ratings, says Moody's
US-based rating agency Moody's says "the quality of data and risk management are growing in importance as success factors" for insurance companies, and as a result it is putting additional emphasis on these areas when reviewing a company, according to a…
Basel II may prompt mortgage market consolidation
The Tower Group, a US-based consultancy, has just published a report that says the Basel II capital Accord may prompt the consolidation of mortgage lenders in both the US and EU markets, and improve pricing in mortgage instruments.
Compliance: Widening the net
In this article on anti-money laundering, Dominic Nixon and Rohan Bedi from PricewaterhouseCoopers analyse the changes to the Financial Action Task Force recommendations, and how they will affect Asia's financial institutions.
Basel II may prompt mortgage market consolidation
The Tower Group, a US-based consultancy, has just published a report that says the Basel II capital Accord may prompt the consolidation of mortgage lenders in both the US and EU markets, and improve pricing in mortgage instruments.
Taking it slow
Hong Kong's banks are, for the most part, targeting the standardised approach outlined in the new Basel capital Accord, but it is hoped that this will act as a catalyst for the further improvements in risk management.
Japanese banks: Turning up the heat
Japan's banks have faced a gruelling few months in the run-up to the fiscal year-end, with a plunge in equity prices putting severe pressure on capital ratios. But a further crisis may be just around the corner, writes Nick Sawyer.
Growing potential
Products that are compliant with Islamic law have the power to break into a market where the western world can reap the benefits
Grow and Sell
As Jersey moves to expand its hedge fund industry, new regulation will allow the jurisdiction to compete better with other offshore centres
Chinese derivatives regulations expected soon, say bankers
The Chinese central bank is expected to publish new regulations within the next few months aimed at easing tough restrictions in the country's derivatives market, say bankers.
Chinese derivatives regulations expected soon, say bankers
The Chinese central bank is expected to publish new regulations within the next few months aimed at easing tough restrictions in the country’s derivatives market, say bankers.