Infrastructure
Why Coso is flawed
Coso not only fails to help a firm assess its risks, it actually obfuscates the risk assessment process. By Ali Samad-Khan
TriOptima trims six companies' oil swap portfolios
TriOptima, a Swedish company dedicated to reducing over-the-counter swap portfolios, has expanded its service into energy. The company has terminated its first group of multilateral OTC oil derivative swaps, with six companies eliminating unnecessary…
Markit signs up 50th Red customer
Markit has signed its fiftieth customer to its reference entity database (Red) for credit instruments. The move means the St Albans-based company has signed up 35 additional clients to Red from its base of 15 institutions in January 2004.
From Basel II to Basel III
Financial institutions face major challenges in modelling credit portfolio risk, particularly in the field of CDOs. Walter Schulte-Herbrüggen and Gernot Becker argue that the main challenge will be in model testing, due to the increasingly customised…
A wrong-way bet
China Aviation Oil (CAO) revealed in late November that it had lost $550 million through trading oil derivatives – but not before its Chinese parent sold $108 million in CAO shares. By Nick Sawyer, with additional reporting by Jill Wong
The importance of ALM
The crossfire between the International Accounting Standards Board and the European Commission seems to have left corporates bewildered about the implications of IAS 39. Risk talks to leading advisory groups and corporates about the challenges ahead, and…
Citibank cut out
The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the…
The game of life
UK life insurers have faced a new regulatory regime in the aftermath of the guaranteed annuity options disaster, which has led them to rethink their use of derivatives. Nicholas Dunbar talks to four leading life companies
Reducing risk through insurance
In this article, Silke Brandts describes a general algorithm for quantifying the risk-mitigating impact of operational risk insurance. She then presents a simple haircut approach to incorporate residual risks inherent in the insurance contracts into the…
Icap buys out GovPX for $13 million
UK inter-dealer broker Icap is buying out the outstanding shares in GovPX, a US fixed-income and derivatives data provider, for $13 million, it was announced last week.
Asian banks divided over Basel II, says Financial Insights
Some of the significant Asian economies will only use the new Basel Accord as a reference point, as they embark on their own ways of improving capital regulatory systems, according to Financial Insights, a financial business advisory service firm based…
Liquidity majors back SwapsWire's equity options service
The top 12 equity derivatives dealers will process over-the-counter equity option transactions through SwapsWire’s automated confirmation service when it launches in the second quarter of 2005.
Grinding to a halt in Taiwan
Asian bonds
Euro indices battle it out
Special report: Indices
Hybrid structured products are hotter than ever
Sponsored statement: BNP Paribas
Scottish Widows looks South
Company profile
From Basel II to Basel III
Portfolio risk
Forex appeal
Foreign exchange
Bridging the gas gap
Emission trading
Blending the rules
Emissions trading
Louise Purtle
opinion