Infrastructure
ORX and ABA databases to become fully operational
DATABASES AND MODELLING
US regulators clash over Basel rules at Congressional hearings
FRONT PAGE NEWS
Methodware, FRS, Finland Treasury
TECHNOLOGY BRIEFS
Sarbanes-Oxley and FDIC laws overlap
REGULATORY UPDATE
Losses and lawsuits
LOSS DATABASE
Technology briefs
Systems
Inflation option auction plans
New angles
Modelling the unthinkable
Insurance special – Terrorism insurance
Modelling firm tackles surety bond woes
New angles
Liability hedging without the tears
Interest rates
RiskNews review
RiskNews review
Tailoring internal models
Insurance special – Risk models
Formation of WBOT blows off course
Atlanta-based Weather Board of Trade (WBOT) has missed its planned February 2003 launch date, and its viability has been called into a question by a number of market participants. The online weather derivatives exchange originally planned to launch in…
Wall Street Hones BCP Testing
NEW YORK—Wall Street will be honing the coordination of its voluntary industry-wide testing of business continuity planning (BCP) this year, according to a representative of the Securities Industry Association's (SIA) BCP Industry Testing sub-committee…
Commerzbank, IBM Mull Outsourcing Deal
FRANKFURT—In what looks like a pioneering deal, Commerzbank is working out the details of an IT outsourcing arrangement with IBM that would see the vendor take on responsibility not just for low-level infrastructure, but complete management of major…
The Price May Not Be Right!
Significant events that occur after a market has closed—but before the fund is valued—may lead to consumers buying a fund at an incorrect price due to stale pricing.
Reuters plans to tackle Bloomberg in fixed income
Jon Robson, the new head of Reuters’ fixed-income business and former chief executive of Moneyline Telerate, plans to apply his strategy at Moneyline to Reuters in a bid to diminish rival Bloomberg’s share the market.
Red backers confirm exclusive talks with Mark-it
Deutsche Bank, Goldman Sachs and JP Morgan, the backers of a credit derivatives reference entity database called Red, have confirmed they are in exclusive talks to sell their database to UK start-up company Mark-it Partners.
Waiting for guidance
South Korea's banks have made huge strides in implementing risk management systems over the past few years, but Basel II is not yet a driving force, with banks waiting for the Korean regulator to publish local guidelines.
Risk management based on stochastic volatility
Risk management approaches that do not incorporate randomly changing volatility tend to under- or overestimate the risk, depending on current market conditions. We show how some popular stochastic volatility models in combination with the hyperbolic…
Reuters to focus on risk services as losses hit £533 million
Reuters is to concentrate its business development on risk management, treasury products and content management as part of an ongoing overhaul of the UK information and trading systems provider, instigated by chief executive Tom Glocer.
Credit markets open up to hedge fund managers with Mark-it tool
services aims to improve levels of information available
Real-time solutions
As the alternative investment market grows, the demand for technological solutions that can respond to sudden sector movements has increased