Foreign exchange
FX volatility fuels earnings hope
Banks are expecting to see increased forex trading revenues for the second quarter from increased volatility in the major currencies, officials told RiskNews ’ sister publication FX Week .
Dresdner recruits derivatives marketers from JP Morgan Chase in Tokyo
German investment bank Dresdner Kleinwort Wasserstein (DrKW) has recruited two JP Morgan Chase officials to fill vacant positions in its fixed-income derivatives team in Tokyo.
Risk 2002 USA: World Bank’s Perlin questions validity of risk model assumptions
The World Bank’s chief financial officer, Gary Perlin, questioned whether some of the broad assumptions used in risk modelling were still valid in the current economic climate today during a keynote address at Risk magazine’s Risk 2002 USA conference in…
Integrated credit risk management – are you ready?
Consolidating data across fragmented systems is crucial for integrated credit risk management – but it is not the whole story. In the first of four columns on the subject, David Rowe argues that organisational readiness is a more amorphous but equally…
Weaving an integrated solution
A treacherous credit environment and growing awareness of the danger of credit and market risk correlation have convinced financial institutions that they need to evaluate these exposures together. To get a unified view, will they need to adopt unified…
Japan Credit Market Update: Spreads tighten in technical correction
Spreads on Japanese credit default swaps were tighter this week, in what traders described as a technical correction after a raft of convertible bond issue hedges in the past couple of months had earlier forced spreads wider.
TFS and Bank One launch energy clearing service
TFS Energy and Banc One Capital Markets have formed a strategic partnership to provide a single clearing process for both over-the-counter (OTC) and exchange-traded energy products.
Macro finance: the bigger picture
Country risk
Taking a new career track
CDO managers
The roads to currency overlay
Forex risk
Integrating market correlation into risk-adjusted return
Hedge fund investing
Making the connection
Front-office systems
Examining market influence on credit risk
Currency correlations
S&P and LoanX to provide pricing service for illiquid leveraged loans
Rating agency Standard & Poor's and LoanX, an online pricing service for syndicated loans, plan to roll out a new service for pricing the illiquid end of the leveraged loan market by the fourth quarter. The move is important because the US Securities and…
Credit Markets Update: Repsol spreads hit again over Argentina
The cost of protection on Spanish oil company Repsol YPF’s debt widened 50 basis points to 460bp/510bp today, in what traders described as a delayed market response to proposals last Thursday by the Argentine Commission of Energy to impose more…
Finding a solution to the credit problem
Credit Risk
Proper procedures
Credit Risk
Heeding the warning signs
Credit Risk
A whole new ball game
Credit Risk
Demystifying credit risk
Credit Risk
Higher or lower?
Credit Risk
Avoiding over-exposure
Credit Risk
Insurers play catch-up
Introduction
Transparency drives FX prop trading changes
Foreign exchange proprietary traders are altering their strategies in response to increased price transparency. They are taking risk across more products, referring more to market strategy and turning to FX derivatives for speculative trading, according…