Foreign exchange
The convergence of ALM and ERM
Banks seeking a truly complete view of their exposures are beginning to seek ways to integrate the enterprise risk management systems they use for their trading books with the asset and liability management systems they use for their banking books. Clive…
RiskNews review
September’s leading stories from RiskNews. Breaking news on derivatives and risk management, see RiskNews – www.RiskNews.net
Pricing debate bedevils employee option accounting
US corporates are lining up to advertise their virtue by being the latest to account for their employee stock options as an expense. But with no consensus on how to price these instruments, will it bring more clarity or confusion?
Looking for returns
Comment
A role reversal
Credit risk
Key Basel II package expected tomorrow
BASEL – Global banking regulators plan to issue a package of documents on the Basel II bank accord tomorrow, including a key survey seeking information on how the complex, risk-based accord might affect banks around the world.
Basis trade opportunities created by volatile credit market
The upswing in credit market volatility in the past three months has led to an increased dislocation between cash bonds and credit default swaps, with investors profiting from basis trading opportunities.
Greenspan attacks regulation of OTC derivatives again
Federal Reserve chairman Alan Greenspan has again warned that forced disclosure of proprietary information would undercut innovation in the over-the-counter derivatives markets.
Op risk rules inadequate, says Isma professor
LONDON - The Basel II capital accord rules regarding operational risks for financial institutions are inadequate, Jacques Pézier, a visiting professor at Reading University’s Isma Centre, told delegates at a conference in London this morning.
Op risk rules inadequate, says Isma professor
The Basel II capital accord rules regarding operational risks for financial institutions are inadequate, Jacques Pézier, a visiting professor at Reading University’s Isma Centre, told delegates at a conference in London this morning.
JP Morgan Chase concedes failures in loan hedging programme
Hit by increased loan loss provisions, credit rating downgrades and a below-book-value market capitalisation, JP Morgan Chase is conceding that a plan to reduce concentrations of credit risk in the firm’s loan and derivatives portfolio has been overtaken…
UK expects EU countries to reopen Basel II arguments
UK regulators expect that other European Union (EU) countries will try to reopen Basel II bank accord discussions within the EU framework, a senior UK supervisor said on Monday.
UK expects EU countries to reopen Basel II arguments
LONDON – UK regulators expect that other European Union (EU) countries will try to reopen Basel II bank accord discussions within the EU framework, a senior UK supervisor said yesterday.
FSA urges UK banks to look hard at EU capital proposals
UK banks should look hard at a draft text of European Union (EU) capital rules that the European Commission plans to issue around the end of October, the UK’s senior financial regulator said today.
Insurers enter the credit derivatives restructuring debate
A group of insurance companies active in the credit derivatives market has submitted a letter to the International Swaps and Derivatives Association suggesting language changes to the trade association’s restructuring definitions.
Top regulators denounce attempt to resurrect OTC energy bill
The four most senior financial regulators in the United States have joined forces to express concern at legislative proposals to expand regulation of over-the-counter energy derivatives.
Regulator urges UK banks to look hard at EU capital proposals
LONDON – UK banks should look hard at a draft text of European Union (EU) capital rules that the European Commission plans to issue around the end of October, the UK’s senior financial regulator said today.
Bank of England’s Allsopp questions role of interest rates in bubbles
Christopher Allsopp, a member of the Bank of England’s monetary policy committee (MPC), has cast doubt on the effectiveness of using interest rates to head-off asset price bubbles.
Banks in 50 countries will complete Basel II QIS 3 survey
Two hundred and sixty-five banks from nearly 50 countries have agreed to take part in the key third quantitative impact study, QIS 3, that seeks information on how the complex Basel II capital accord will affect banks, the world’s top international…
Practitioner analysis: Reaping the advantages of Basel II
David Stone of Zions Bancorporation describes how the US bank plans to underpin its enterprise-wide risk management by implementing the Basel II accord’s advanced approaches to measuring operational risk.
Banks in 50 countries will complete Basel II QIS 3 survey
CAPE TOWN, SOUTH AFRICA – Two hundred and sixty-five banks from nearly 50 countries have agreed to take part in the key third quantitative impact study, or QIS 3, that seeks information on how the complex Basel II capital accord will affect banks, the…