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The top stories from RiskNews
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Regulation and economic capital spark debate
Risk Europe 2004
New players tap Asian credit
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Calming supervisory fears
Regulations
Covenants: crisis of confidence
Financial covenants that rely too heavily on ratios are just not sophisticated enough to predict the likelihood of default, argues Sarah Woo. Loan originators must learn a trick or two from their colleagues in portfolio management and develop…
Covenants: crisis of confidence
Financial covenants that rely too heavily on ratios are just not sophisticated enough to predict the likelihood of default, argues Sarah Woo. Loan originators must learn a trick or two from their colleagues in portfolio management and develop…
Barclays Capital purchases gold market-fixing seat
London-based investment bank Barclays Capital has purchased membership of the London gold market-fixing forum (LGMF) from NM Rothschild and Sons, the London-based bank that recently signalled its intention to leave the gold market.
CLS for FX is 'changing the front-office'
The continuous-linked settlement (CLS) service for foreign exchange trades has changed credit and trading practices among the majority of its users, reveals research from IT consultancy TowerGroup published this week.
New England revolution
Public pension plans
Tweaks to op risk in Basel II in pipeline
The Basel Committee on Banking Supervision announced in mid-May that it would delay the implementation of the advanced measurement approach (AMA) for op risk, as well as the advanced internal ratings-based approach for credit risk, until the end of 2007…
A Fine Spring
The UK’s Financial Services Authority is targeting banks that are lagging on their anti-money laundering efforts.
The Mystery Behind the Numbers
A host of recent compliance regulations in the US and the UK has shined yet another light on the need for clean reference data.
No More Fake IDs
As the economy recovers, financial firms are looking for technical advantages that increase top-line revenues as well as manage costs.
De Vitry warns of energy market regulatory pressures
Benoit de Vitry, global head of commodities and emerging markets rates at Barclays Capital in London, today said that regulatory rules could adversely impact the development of a mature energy trading market.
Price reporting is improving, says CCRO director
Confidence in the energy markets is returning partially thanks to an improvement in the price reporting practices of energy companies, according to Robert Anderson, executive director of the US-based Committee of Chief Risk Officers (CCRO).
EU finalising its proposal for Basel II framework, says EU official
The European Union is in the final stages of completing its proposal for the new European framework for Basel II, Alexander Schaub, director general of the EU internal market directorate has said
LCH Clearnet set to clear US trades
LCH Clearnet, Europe's largest derivatives clearing house, has won approval from the US Commodity Futures Trading Commission to clear financial futures and options contracts on US exchanges.
Covenants: crisis of confidence
Financial covenants that rely too heavily on ratios are just not sophisticated enough to predict the likelihood of default, argues Sarah Woo . Loan originators must learn a trick or two from their colleagues in portfolio management and develop…
The Enron effect
Lawsuits filed by investors in Enron against two of the fallen energy giant’s arranging banks, Citigroup and JPMorgan, have called into question the very structure of investment banking in the US, as John Hintze discovers
Hong Kong focuses on Basel Sound Practices on OpRisk Management
Hong Kong will focus on implementing the Basel Sound Practices for Operational Risk Management rather than the Advanced Measurement Approaches (AMA), according to Simon Topping, executive director for Banking Policy at the Hong Kong Monetary Authority.
Tullett plans new data launch
Tullett Financial, the data sales arm of broking group Collins Stewart Tullett (CST), is readying the launch of a new currency data product for June.
Latest data may set the tone for a firmer dollar
Stronger-than-expected economic data from the United States last Friday may set the tone for a firmer US dollar this week, and might put an end to the nervousness that has kept some clients out of the market in past few days.
Straits Lion joins ranks of CDO managers
Straits Lion Asset Management has joined the growing ranks of Singaporean asset managers active in the synthetic collateralised debt obligation (CDO) market, following the launch of an Asian credit-dominated investment grade CDO arranged by Goldman Sachs.