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The twin challenges of Basel and MiFID
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Ensuring Insurance
Are existing insurance products meeting financial institutions' needs? Giuffre Associates' Sandra Giuffre finds out
Is Basel II a hurdle too far for US broker-dealers?
Broker-dealers in the US are having to cope with the SEC's capital requirements, while still being somewhat in the dark about the upcoming Basel II framework. By Choongo Moonga
MiFID: the race to comply
The EU's Markets in Financial Instruments Directive has been described as one of the most far-reaching overhauls of the financial industry ever. But with Basel II dominating the headlines, few firms have yet started to prepare in earnest for the 2007…
Markit to use ICB classification
Markit Group is to adopt the Dow Jones/FTSE Industry Classification Benchmark (ICB) system for all its products, the group announced today.
New op risk papers
LONDON – A raft of new technical papers on operational risk have been made available on the web over the past few months. A few of the most interesting are summarised below:
In pole position
Technology
Group of 26 grinds to a halt
The proposals from the Group of 26 fund managers calling for improved covenants were supposed to herald a new era of protection for bondholders. But nearly two years later, the impetus for change seems to have stalled. Laurence Neville reports
Keep it simple, stupid
Do you prefer sophistication or simplicity? Neil Palmer takes a look at optimisation methods in energy modelling and asks if energy quants aren’t sometimes being a little too heavy-handed
Eurex to launch CDS index product
Eurex has licensed International Index Company's European iTraxx indexes in preparation for the launch of an exchange-traded contract based on the European credit default swap (CDS) index before the end of the year.
European ABS: Will it end in tiers?
As part of a special focus on asset-backed securities, we take a look at the European ABS market. After a prolonged period of spread compression, credit tiering may be making a return to the market, as Alan McNee reports
Isda backs Bear Stearns appeal against Enron
The International Swaps and Derivatives Association and the Bond Markets Assocation (BMA) have backed Bear Stearns' latest attempt to keep hold of $25.9 million in payments on a stock forward agreement, in the face of Enron's attempt to recover it.
Struggling for growth
All three Canadian energy exchanges – NGX, Watt-Ex and NetThruPut – are finding it slow-going with their expansion plans. Meanwhile the rivalry between NGX and Watt-Ex is growing. Joe Marsh reports
SEC: What's Next?
William Donaldson's quick retirement from the chairmanship of the US Securities and Exchange Commission (SEC) last month brings to mind the pithy Italian proverb from the recent Papal Conclave: "After a fat Pope, a skinny pope."
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
A tale of two cities - should you register in Hong Kong or Singapore?
asia: jurisdictions
A tale of two cultures… India or China?
china vs india
Emissions education
As the European carbon market continues to grow, so too do some unique challenges: not least the gap between retail and wholesale players and the problem of counterparty credit risk. Oliver Holtaway reports