Infrastructure
The Journey to the Golden Copy
You'll need a map to help create a golden copy of data - and to maintain it.
NYSE Pushing Firms to Store IMs
The use of instant messaging (IM) at trading firms has reached a watershed point, and the popular method of communication is about to fall under regulatory scrutiny on May 2, when the SEC rules 17a-3 and 17a-4 concerning the retention of broker records…
RWE deploys Trema to integrate treasury and asset management operations
German utility powerhouse RWE plans to extend its straight-through processing (STP) capabilities across its global subsidiaries using front, middle and back office integrated software from Swedish technology company Trema.
Taking it slow
Hong Kong's banks are, for the most part, targeting the standardised approach outlined in the new Basel capital Accord, but it is hoped that this will act as a catalyst for the further improvements in risk management.
Japanese banks: Turning up the heat
Japan's banks have faced a gruelling few months in the run-up to the fiscal year-end, with a plunge in equity prices putting severe pressure on capital ratios. But a further crisis may be just around the corner, writes Nick Sawyer.
Growing potential
Products that are compliant with Islamic law have the power to break into a market where the western world can reap the benefits
Working in tandem
The insitutionalisation of the hedge fund industry has strengthened administrators' guiding principle ' to provide an honest interface between fund and investor
Duke exits North America prop trading
Duke Energy has closed its proprietary trading business at its North American merchant energy businesses, Duke Energy North America (DENA) and Duke Energy Merchants (DEM). The move by the Charlotte, North Carolina-based energy company was not entirely…
Exceptional operational risks: Three myths debunked
Are there common features among exceptional operational risks beyond their defining characteristics of rarity and severe consequences?
Isda AGM: Buffett’s criticisms of the derivatives market rebuffed
A wide range of leading derivatives practitioners attending the International Swaps and Derivatives (Isda) annual general meeting spoke out against last month’s comments by US investor Warren Buffett, in which he compared derivatives to “weapons of mass…
Buy side slow on FpMLtake-up
LONDON - One would be forgiven for thinking that Financial Products Mark-up Language (FpML) is another information exchange standard that has been superseded or has simply run out of steam, given the protocol's low media profile in the wake of the…
Derivatives disclosure calls mount
Warren Buffett's stinging critique of the derivatives business in March represents the latest call for more derivatives disclosure. But despite some notable moves in this direction, most financial institutions remain stubbornly opaque.
City firms focus on business continuity as Iraq war increases terrorist threat
The threat of terrorist attacks in response to US and UK military intervention in Iraq has highlighted the need for financial institutions operating in the UK to have suitable business continuity arrangements, a senior UK regulator said in March.
Isda AGM: BOJ reiterates intention to purchase corporate ABS
The Bank of Japan (BOJ) today reiterated its intention to buy asset-backed securities from small and medium sized companies in an unprecedented move to remedy the ills of the Japanese financial system.
Debate and controversy mark Op Risk 2003 events
Delegates at the fifth annual Operational Risk and Risk magazine operational risk conferences in London and New York this March were treated to what one speaker described as a "smorgasboard" of discussions on the subject. Attendees could choose from…
Swapstream and SwapsWire join forces for interest rate swaps processing
Swapstream, a trading platform for swaps and over-the-counter derivatives, has reached an agreement to interface with SwapsWire, the industry-backed integrated electronic processing network for derivatives. Deals executed on Swapstream by banks and…
People moves
People
The Mastery Of Disaster
New technologies, clear plans and practice can help any Wall Street firm better prepare itself for a disaster the size and scope of the events of Sept. 11, 2001.
JP Morgan Chase and Morgan Stanley team to launch new credit indexes
JP Morgan Chase and Morgan Stanley plan to issue a raft of new 'Tracx' credit default swap indexes over the coming 12 months. The two have already launched their own versions of such products under the names Hydi and Jeci for JP Morgan Chase, and Tracers…
Book extract > Regulatory Issues on Credit Ratings
The art (and some science) of credit rating has been in place, at least in the US, for almost a century now. In the Foreword we learned that credit rating as a process has its humble beginnings in the early 1900s in conjunction with theburgeoning market…
UBS: QIS3 results in increased capital, is not "fair"
UBS, the Switzerland-based financial institution, says its overall capital will increase under the Basel Accord revisions, as currently outlined in the third quantitative impact study (QIS3). In addition, other institutions have had the same results, the…
Hong Kong retail credit-linked bond is latest victim of 'atypical pneumonia'
SHK Fund Management, a unit of Hong Kong conglomerate Sun Hung Kai, has postponed the sale of a retail minibond linked to the credits in the Standard & Poor’s 100 Index, due to the deteriorating social and economic environment in Hong Kong caused by the…
A liquidity haircut for hedge funds
Cutting edge: Liquidity risk