Infrastructure
Terrorism insurance - Modelling the unthinkable
In November, the US government passed a law requiring all insurers to underwrite terrorism risk, forcing them to find a way to price this exposure. Could terrorism risk models be the answer?
Tailoring internal models
Swiss Re's Pablo Koch Medina, Frank Krieter and Stephan Schreckenberg highlight the key features and main limitations of internal risk models for insurers.
Meeting Basel II head on
Regulators are urging banks to update their rating methodologies in preparation for Basel II. Fitch Risk's Treeve Coomber thinks his new product will help to meet this challenge.
A tighter reign
The SEC, America's market regulator, is set to introduce regulations which could transform the way hedge funds with a US connection do business
Talent always bounces back
The hedge fund bubble sustained even the mediocre players, but now it has burst only the most skilled will survive
Quality control
There has been a rapid increase in the choice of administrators available to hedge fund managers recently, but many managers struggle to identify the best possible deal. Assessing 'fiduciary risk' may hold the key
Analysing business processes
A good understanding of how a business works is the fundamental prerequisite for operational risk analysis. Johan Palm describes the rationale for, and implementation of, the Swedish National Debt Office's bottom-up business process analysis.
NY Fed’s Rutledge outlines US plans, IRB goals
William Rutledge, executive vice-president of the New York Federal Reserve Bank, outlined the next steps US regulators will take to implement the Basel Accords in the US.
In need of reassurance
The knock-on effects of the crisis in equities has hit the insurance sector particularly hard – so much so that UK regulatory body the FSA has been forced to step in and allow certain insurers to breach mimimum solvency ratios.
Modelling the unthinkable
Terrorism insurance
Tailoring internal models
Risk models
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.
Mark-it Partners puts it all on Red
Deutsche Bank, Goldman Sachs and JPMorgan are negotiating the sale of their credit derivatives reference entity database, Red, to UK credit risk data company Mark-it Partners.
Vol surge expected from Eastern Europe
Political events in countries slated to join the European Union and the euro are set to trigger a wave of foreign exchange volatility in emerging European countries, market participants said.
Meeting Basel II head on
Profile
Job moves
People
STP - Morgan Stanley Speeds FIX Monitoring
To better manage exposures, the firm realized traffic running through its electronic trading network had to be monitored in real time.
Diary Of A Data Center Relocation
After Sept. 11, Prudential Financial modified its disaster recovery plan. That modification involved closing its center in New York and opening one in Pennsylvania.
Nybot Plans for 'Triangular' Continuity
NEW YORK — The New York Board of Trade (Nybot) will apply a "triangular" approach to business continuity—a weaving together of primary, on-site and remote disaster recovery data centers—as part of its relocation to Lower Manhattan, officials said last…
The fashionable link
Inflation
New models for ailing pensions
Pension funds
Investors get real
Commodities