Infrastructure
Clearing the air
Emissions trading
Dealers set to eliminate most unconfirmed trades by mid-2006
Dealers plan to eliminate the majority of unconfirmed credit derivatives trades by mid-2006, Mark Davies, head of global credit derivatives trading at Bear Stearns, told delegates at an International Swaps and Derivatives Association conference in New…
Legal spotlight
In our new series bringing legal issues under the spotlight, Simon Gleeson, partner in Allen & Overy's regulatory group in London, outlines the key regulatory changes now shaping the bond markets
Towards a practical capital model
Existing models for calculating and allocating capital for operational risk fail to achieve their goals. Richard Pike proposes a mixture of such approaches to attain a practical capital framework
BarCap teams with HFR to offer hedge fund options
Barclays Capital and HFR Group are offering transparent pricing for hedge fund-linked tradable options. Based on the HFRX Global Hedge Fund Index, BarCap will offer a two-way market in European call options to its institutional clients and counterparties…
MAS consults on Basel
SINGAPORE – The Monetary Authority of Singapore published a consultation paper that outlines proposed rules and guidelines on parts of its Basel II implementation programme in August.
MiFID Winners and Losers
A piece of compliance is presenting firms with such a technology hurdle that industry players are predicting a new host of opportunities.
The Gathering MiFID Storm
A new regulation from the European Union will transform market structure—and cost investment firms billions to comply. In the meantime, IT strategists are taking a leading role in lobbying European regulators.
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Demanding disclosure
The dislocation in the correlation markets in May confirmed supervisors' fears about concentration risk in the hedge fund sector. And this is fuelling pressure for hedge funds to make more data disclosure. But how would this help to reduce risk? By…
TriOptima run sees $127 billlion in CDS torn up
Stockholm-based TriOptima said its latest credit default swaps (CDS) tear-up run has eliminated contracts with a notional value of $126.6 billion.
The multi-period explosion
Suppliers of asset and liability modelling software are using grid computing to help life companies cope with the increasing burdens put on them by regulators and rating agencies
Marketing your hedge fund in the UK
special report
How to make hay while the sun shines...or doesn't
weather derivatives
Redomiciling your fund in Malta
jurisdictions: malta
OCBC's drive for autonomy
Company profile
Setting alpha free
Pension
Taking the slow road to Basel II
Brazil’s central bank published Basel II implementation guidelines at the end of last year,giving the country’s banks a firm timetable for the introduction of the new framework.What progress have banks made so far? John Ferry investigates
Economic capital blues
Rating agencies and life insurers have not always got on, with squabbles over how to account for diversification across business lines a prime reason. But could the rise of economic capital management put an end to the arguing?
A revival of the coal business
The boom in world coal prices has not been sustained in 2005.Two industry experts, Alexandre Kervinio and Christopher Connelly, of Société Générale, look at the reasons why
Getting a head-start
North American Energy Credit and Clearing may have gained an advantage by being the first to clear over-the-counter physical electricity contracts. But it still has to prove that it is reliable and efficient. Joe Marsh reports
Hoodwinked!
Have you got a good grip on your view of volatility and correlation? Neil Palmer shows that, thanks to ever -present measurement errors, even the steadiest markets can throw up big surprises