Foreign exchange
A Call To Action For Op Risk Insurers
BASLE II UPDATE
Does Outsourcing Reduce Op Risk?
OUTSOURCING
Basle II Delay To Add To Banks’ Confusion
BASLE II UPDATE
Wall Street Systems Adopts FpML
TECHNOLOGY NEWS
Why An Op Risk Capital Charge Is Dangerous And Won’t Work
BASLE II UPDATE
The Basle II Capital Accord: Op Risk Proposals In Brief
BASLE II UPDATE
Elimination Of A Major Op Risk In Currency Markets Looms
SETTLEMENT RISK
Jospin raises the spectre of Tobin
French prime minister Lionel Jospin has resurrected the debate over the Tobin tax – a tax on international capital flows designed to discourage short-term currency speculation – by publicly supporting the concept in an address to the French nation.
Aquila outsources risk management expertise
North American energy company Aquila is to start outsourcing energy trading and risk management services to third parties, following the creation of a new unit, Radius Group.
Currenex snares Caterpillar
Manufacturing firm Caterpillar Independent has started using the FXTrades platform provided by multi-bank FX portal Currenex to support its FX operations.
Lack of FX hedging threatens Australian firms’ survival
The trend towards abandoning FX hedging strategies in Australia could seriously damage many companies, Paul Merrick, director of treasury at NM Rothschild & Sons, told delegates at the Risk Australia 2001 conference in Sydney yesterday.
apsWire expands board, gains regulatory go-ahead
OTC derivatives dealing platform SwapsWire will expand its board of directors from nine to 13, with shareholders Bank of America, Credit Agricole Indosuez and Lehman Brothers gaining board representation along with chief executive Andrew Brown.
Capital concerns
Basel’s proposals for banks involved in the repo markets have caused widespread dismay. As a result, trade organisations around the world are petitioning the committee for a wholesale rethink.
Basel II to be re-calibrated for Asian banks
Simon Topping, executive director for banking policy at the Hong Kong Monetary Authority (HKMA), said in July that the proposed Basel II capital accord will be re-calibrated during the current consultation period to make risk weightings for Asia's banks…
Insurers get amber light with some green
BASEL - Global banking regulators have signalled they might agree to a role for operational risk insurance in the Basel II bank capital accord.
EU urged to recognise different op risk profiles of investment firms
MONTE CARLO - The European Union's plans to make investment firms as well as banks reserve capital against operational risk must acknowledge that one size does not fit all firms in the financial services industry, a leading European financial regulator…
Beyond Basel II - operational risk management comes of age
Integrated, enterprise-wide, operational risk management can offer much more than just regulatory compliance.
UK lags Europe for Basel II implementation
BRUSSELS - The UK financial services sector lags most of Europe in its state of preparedness for the implementation of the proposed new Basel capital accord for internationally active banks, dubbed Basel II, according to research by professional services…
Independent collapse highlights Basel II op risk insurance dilemma
LONDON - Some of the concerns of banking regulators about the effectiveness of insurance cover when operational disaster strikes a company could be illustrated by the plight of Independent Insurance, the UK general insurance group that collapsed in June…
UK lags Europe for Basle II implementation
BASLE II UPDATE
Insurers get amber light with some green
FRONT PAGE NEWS
Beyond Basle II -- operational risk management comes of age
RISK MANAGEMENT