Infrastructure
Driven to distraction
Pension funds
The correlation debate
Retail Portfolio Risk
A quiet revolution
Governments have traditionally kept their limited use of derivatives close to their chests. But some sovereigns are now broadening their mandates to encompass a wider array of risks and they are increasingly turning to the derivatives markets. By Navroz…
Defining copulas
Masterclass
The ratings race
Hedge funds
A twist on the Arm
Mortgage finance
Coup hits CDS markets
Thailand
Promulgating pro-cyclicality
Collaboration between financial supervisors has never been higher. But as the regulation of banks and insurance companies becomes increasingly homogenised, fears are growing about the possibility that the new rules will increase the severity of a global…
A successor to VAR?
Regulators may be pressing banks to more rigorously stress test their portfolios, but when it comes to how hedge funds apply the technique, debate remains as to how and what they should be testing. John Ferry reports
International oversight needed for derivatives, say regulators
The complexity of the derivatives market means international regulation is the only way forward, according to the heads of three major regulatory agencies.
Isda and IACPM endorse credit capital model
Lead trade associations have called for a credit capital model that calculates regulatory capital using an internal models-based approach.
Nine banks to build Mifid utility
Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.
The road to Basel II
The new Basel capital Accord is creating headaches for banks around the globe. However, Middle Eastern institutions that offer Islamic banking products have even more hurdles to jump. By John Ferry
FSA intensifies scrutiny of OTC derivatives market
The UK’s Financial Services Authority (FSA) has warned investment banks and hedge funds that they need to address persistent weaknesses in the derivatives market.
Settlement biggest CDS market challenge, says Fitch
Prompt and efficient settlement is one of the biggest challenges facing the credit derivatives market, according to a survey published today by Fitch Ratings.
TradeWeb offers Canadian bonds to Europe
Thomson TradeWeb, the Jersey City-based fixed-income trading system, has made Canadian bonds available to European customers with Toronto-based network CanDeal.
BIS paper offers insight into the IRB use test
Principles outlining the BIS’ expectations for firms using the use test have been set out by the BCBS.
Boom in derivatives IT spending to hit $5.75 billion by 2009
Boston-based financial services research and consultancy organisation TowerGroup estimates that global IT spending on derivatives will grow 18% annually over the next three years.