Infrastructure
Strategy indices
LE AZIENDE INFORMANO
Vexed by variance
Variance swaps
Stemming the flow
Liquidity risk
Into the tempest
Natural catastrophe risk models suggest that insurers are significantly under-capitalised. Firms are tapping the capital markets for billions of dollars in additional reinsurance capacity, but it may not be enough to avoid damaging rating downgrades…
Taking exception
Value-at-risk
When Risks Collide
Operational-risk projects like Sarbanes-Oxley and Basel II compliance have more in common than many firms realize. Waters asks industry participants: Does it make sense to combine op-risk efforts?
Skipton offers property and FTSE linked bonds
Skipton, the seventh largest building society in the UK, has launched two guaranteed index-linked bonds. The five-and-a-half year 100% capital guaranteed products offer exposure to the FTSE 100 Index and the Halifax House Price Index (HPI) while…
The Waiting Game
With the Markets in Financial Instruments Directive deadline just 16 months away, Waters sits down with Chris Pickles, chair of the MiFID Joint Working Group and manager of industry relations at BT Radianz, to gauge the industry's state of preparedness.
Tell it to the judge
With well over a year to go to implementation, the Mifid bandwagon is already rolling through investment firms across Europe, but what punishment can financial services criminals expect, if any? Peter Madigan investigates
Quantifying operational risk using expert opinions
We seem to be in the same situation now with operational risk as we were 15 years ago with credit risk, that is, a lack of data to build useful models. But this gap may be partially filled by appropriate use of expert opinions. By Christopher Hall
Trade associations slam UK regulator's proposals for benchmarking
The UK Financial Services Authority’s (FSA) proposals for using benchmarking for over-the-counter derivatives and structured products have been roundly criticised by the International Capital Market Association (ICMA), the International Swaps and…
Noble signs India emissions deal
Noble Carbon Credits, part of global supply chain manager Noble Group, has signed a series of long-term certified emission reduction (CER) contracts with India¹s Gujarat Fluorochemicals (GFL).
Benchmarking for Mifid is unnecessary and will not work, say three top trade associations
The three top trade associations for capital markets have slammed the Financial Services Authority’s (FSA) early support for benchmarking.
Caution, experimentation and disregard is key to dealing with uncertainty, says governor of the Bank of France
Unlike the concept of risk, uncertainty cannot be defined by probability, and therefore must be treated differently by central bankers, according to Christian Noyer, governor of the Bank of France.
Jump in private equity deals puts corporate balance sheets at risk
The UK’s Bank of England has today warned that a sharp jump in borrowing linked to private equity deals has left corporations at increasing risk of defaulting on loan commitments.