Infrastructure
In Algos we trust?
Electronic trading
Hey big lender
Technology
On shaky foundations
Property derivatives
Protect and survive
Risk analysis
The German deficit dilemma
German municipalities are turning to the derivatives market to manage the interest rate risks on their massive deficits. Will these instruments relieve their problems or add to them? Rachel Wolcott investigates
CDS boost for pensions
Pension funds
Of MiFID and Market Data
The EU's Markets in Financial Instruments Directive will dramatically transform the structure of the market data industry, according to market participants.
Insuring Market Data: A Modest Proposal?
An executive at the Bank of New York has posed the idea of creating insurance contracts to guarantee the quality of market data, now that greater emphasis and responsibility is being placed on accurate and timely data.
The Great Ratings Debate Continues
Controversy over how the major credit ratings agencies operate broke out again at a conference hosted by the Bond Market Association earlier this year.
Not preparing for risk is the biggest problem facing businesses and governments, according to Fed member
Mark Olson, member of the board of governors at the US Federal Reserve, has spoken about enterprise-wide compliance-risk management. In his speech, Olson addressed two main changes to the global financial system, including the financial sector's…
Markit to calculate iTraxx values
Frankfurt-based International Index Company (IIC) has appointed UK-based data services provider Markit as exclusive calculation agent for the iTraxx indexes, which track the prices of credit derivatives.
BIS publishes papers on monetary policy regimes and price stability
The Bank for International Settlements (BIS) has published two white papers. The first discusses monetary policy regimes and macroeconomic outcomes in Hong Kong and Singapore. The second argues that price stability may not be a good indication of…
The value of experience
Sunil Chadda was recently installed as head of Citisoft's hedge fund and derivatives practice. Victor Anderson speaks to him about trends that he's identified since his appointment, the impact Mifid (the Markets in Financial Instruments Directive) is…
Mifid IT Group Becomes Think Tank
LONDON—The Joint Working Group (JWG) of the Markets in Financial Instruments Directive (Mifid) has lost its IT subject group because it has spun itself off as a for-profit think tank, JWG officials confirm.
Fed governor says Reserve will compare risk sensitivity with burden on smaller banks
Susan Schmidt Bies, governor of the US Federal Reserve, spoke about the balance the Fed needs to strike between strict regulation and excessive burden to US financial institutions. Though the banking industry in the US is doing well, Bies emphasised the…
Markit launches Portfolio Valuations
Markit Group, the UK-based pricing firm, has launched a Portfolio Valuations service for its buyside clients.
The great rating debate
A conference in Paris exposed some criticism of the way the rating agencies function. Issuers and investors feel the industry suffers from a lack of competition which has harmed service levels. Sarfraz Thind reports
Canada opens its borders
A change in regulation allowing investors to hold more debt issued by non-Canadian entities has proved a fillip to the country's bond markets. Nadia Damouni looks at how the credit markets in Canada are evolving
Synthetic ABS is hot property
The emergence of credit default swaps on ABS has led to the development of an index of these securities. Nadia Damouni looks at the prospects for this rapidly evolving corner of the market
S&P expands its valuation services for complex structures
Standard and Poor's (S&P) has linked-up with New York-based Complex Security Valuations (CSV) in order to expand its market valuation services of complex, illiquid securities and derivatives.