Foreign exchange
Credit risk systems: Getting the risk right
The requirements of the new Basel Accord are prompting some banks in Asia to begin implementing sophisticated credit systems, but there are still some obstacles to overcome.
Economist and psychologist share Nobel Prize for Economics
Daniel Kahneman, a psychologist at Princeton University, and Vernon Smith, an economist at George Mason University in Virginia, will share this year’s Nobel Prize for Economics. Both have done pioneering research into how real-world risk preferences…
Fimat Futures bulks-up commodities business in Hong Kong
In anticipation of an activity surge in commodity derivatives trading by Hong Kong investors, the Hong Kong arm of international brokerage firm Fimat plans to establish a dedicated commodity trading desk by the end of the year, according to Emmanuel…
Eubank punches for Risk Waters Group's World Trade Center fund
Fancy a pair of boxing gloves signed by former world middleweight champion Chris Eubank? Then put in your bid with a call to Drew Stephens, chief operating officer atSpectron Group, the London energy broker, on 44 207 074 0799.
Fed's Gordy criticises Basel II procyclicality adjustment
NEW YORK - The procyclicality ‘smoothing’ adjustment technique likely to form part of the Basel II capital Accord is sub-optimal, according to Michael Gordy, a senior economist in the research and statistics division of the Board of Governors of the…
Bear Stearns recruits futures sales team to target hedge funds
Bear Stearns has recruited an eight-person futures sales team to target hedge funds, led by industry veteran Roland Morris, for its interest rate futures department.
Fed’s Gordy criticises Basel II procyclicality adjustment
The procyclicality ‘smoothing’ adjustment technique likely to form part of the Basel II capital Accord is sub-optimal, according to Michael Gordy, a senior economist in the research and statistics division of the Board of Governors of the Federal Reserve…
Economic capital: towards an integrated risk framework
Performance and bonuses are increasingly being assessed on profits after a charge for economic capital allocations. This has increased line managers’ interest in economic capital. As a result, risk managers must ensure that economic capital allocations…
Interest rate derivatives house of the year
Asia Risk Awards 2002
Small coffee producers in Nicaragua access risk markets
The first international price insurance transaction for small coffee producers in Latin America was implemented last week in Nicaragua, with support from the World Bank’s Commodity Risk Management Group (CRMG), a unit of the International Task Force on…
FX options business booming
Banks are expanding FX options teams in London and Asia in response to increased interest in derivatives from clients, officials told RiskNews’ sister publication FX Week .
Goldman’s Ehrlich claims hedge funds do not move markets
Goldman Sachs’ London-based head of prime brokerage in Europe and Asia, Alexander Ehrlich, has claimed there is no apparent correlation between the volume of short selling of stocks by hedge funds and market direction and volatility.
Factoring in stock options
In the wake of recent corporate scandals, support has spread rapidly for including the cost of employee stock options as an expense item in corporate income statements. David Rowe argues that while some reform is appropriate, present trends could end up…
Robeco to offer exotic equity derivatives-based fund
Dutch asset manager Robeco plans to launch a guaranteed fund product that uses exotic equity derivatives.
JP Morgan may boost capital for equity-linked FX trading model
Larry Kantor, global head of FX strategy at JP Morgan Chase, said the bank was mulling whether to put more proprietary capital behind a trading model that measures FX risk appetite using cues from the equities market, called the Liquidity, Credit and…
Avoiding pro-cyclicality
Basel II and SMEs
Bank defections
People news
Fannie Mae’s duration gap figure down in September
US mortgage agency Fannie Mae took the unusual step of disclosing its September duration gap figure yesterday, in a bid to alleviate concern about its risk management practice. The figures showed that the duration gap had fallen from minus 14 months in…
The credit implosion
Introduction
The credit risk time bomb
Insurers
Realigning exposures
CDO restructuring
Reinventing the market
Cashflow CDOs
CDS: the quest for neutral pricing data
Price data services
The hire ground
Recruitment