Infrastructure
Taking a hit
Risk management
Building scenarios
Operational risk
Basel across boundaries
Profile
The novel structurer
Profile
Reverse cliquets: end of the road?
Plunging equity volatility in the past six months may have hit dealers’ reverse cliquet and Napoleon hedge positions
No strings attached
louise purtle
Editor’s letter
comment
Following the paper trail
commercial paper
Tragedy or farce?
parmalat focus
Come together
market graphics
Axa
cover story
Risk appointments awaited
New Angles
A potential backlash
Wealth management
SIA defends revenue sharing between broker-dealers and mutual funds
The Securities Industry Association (SIA) has defended revenue sharing, a practice in which a mutual fund adviser pays additional compensation to a broker-dealer or other financial intermediary for additional administrative services, such as marketing…
Operational risk versus credit risk: Similarities and differences
Many attempts have been made to adapt credit risk models to quantify operational risk. In this article, Gerrit Jan van den Brink of Dresdner Bank and KPMG's Thomas Kaiser compare op risk and specific credit risk models in terms of input data, methodology…
IT spend focusing on ROI
Return on investments (ROI) – not merely regulatory compliance – will drive the increase in information technology (IT) investments in the top global banks in 2004, according to Group 1 Software, a Maryland-based financial services data solutions…
UK's FSA takes issue with misselling and market timing
The investment management industry in the UK is under fire from the Financial Services Authority (FSA) on a number of fronts at the moment.
A window on transparency
Hedge funds will no doubt start 2004 where they left off in 2003 - as the investment vehicles of choice for private and institutional investors looking for the best opportunities for decent returns.
Basel Committee to publish new paper on group allocation issue
The Basel Committee on Banking Supervision will issue a paper outlining its approach to the group allocation issue shortly after the scheduled mid-January meetings of that group and (separately) the Capital Task Force.