Infrastructure
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
Kamakura upgrades key risk management system
Kamakura, a Honolulu-based risk management technology company, has released a new version of Kamakura Risk Manager (KRM), its integrated risk management application.
Emerging market credit quality improving, says S&P
Emerging market credit quality is “on the mend”, according to rating agency Standard & Poor’s, but Latin America faces the biggest vulnerability among the regions.
Knowing when the price is right
olatile markets have led to a change in risk procedures, with VaR and manager-led stop/loss strategies being favoured over automated controls
Facing the Quest
With returns of 8.22% in the past year, Collins Stewart's strict portfolio decisions are made through its own ranking system
Bottom to top
The Amex European Equity Market Neutral Fund battles with volatile and irrational markets to achieve returns of Libor plus 4% to 8%
Sponsor's article > Don't count on buffers
One possible mitigator of the pro-cyclical impact of risk-sensitive capital requirements would be counter-cyclical changes in capital buffers. Empirical evidence on this issue is scarce and a new regulatory capital regime could well induce a behavioural…
Mark-it plans to offer data pricing service for structured credit
Mark-it Partners, a two-year-old company founded by senior bankers at Canada’s Toronto Dominion, is in advanced negotiations to set up a data pricing service for collateralised debt obligations (CDOs). If successful, this could become the first such…
McDonough paints brave new world of bank regulation
Echoing remarks made earlier in the week, William McDonough, president of the New York Federal Reserve Bank, stressed that the results of the third Quantitative Impact Statement (QIS3) being compiled at the moment show that few changes will have to be…
Isda publishes new credit derivatives definitions
The International Swaps and Derivatives Association has produced a new set of credit derivatives definitions. Robert Pickel, chief executive of the trade body, said the updated definitions “reflect changes in industry dynamics over the past three years”.
New Market, New OMS Sales Pitch
Baring Asset Management is doing something that a lot of trade order management vendors and market analysts wish the rest of the financial world would do: after implementing a new third-party order management system to replace its older in-house system,…
Open Platform - Not Just An Equity Front-End
The future OMSs will include a stronger fixed income role and maybe even middle- and back-office functions like confirmations and allocations.