Infrastructure
ORX database expected early next year
LONDON - The operational risk loss database run by the Operational Riskdata eXchange Association (ORX), a consortium formed by 12 international banks to pool their op risk data confidentially, is expected to begin operating around the start of February,…
Trade associations launch IRB survey
The International Swaps and Derivatives Association, the Risk Management Association and the British Bankers' Association today launched a survey of the validation of banks' internal credit ratings, a key element underlying the internal ratings-based …
Capturing value from energy supply and trading
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Basel Committee expects to meet tight QIS 3 schedule
BASEL – Global banking regulators believe they will be able to keep to their tight schedule for examining the results of the key QIS 3 survey of banks and publishing the third consultative paper on the Basel II accord on bank safety in May.
BNP to offer derivatives based on S&P Hedge Fund Index
BNP Paribas has been granted a licence by Standard & Poor’s (S&P) to deliver derivatives products linked to the S&P Hedge Fund Index. BNP is the first bank to be given permission to develop derivatives based on the index.
Basel II to boost both large and small banks' loan prices
The prices of some loan products for retail and middle-market corporate clients will almost certainly rise when banks implement the Basel II capital Accord in 2006, according to speakers at Risk 's Capital Allocation 2002 USA conference this morning.
British and US banks placed on risk list
Banks in Britain and the United States are threatened by increased risks due to possible falls in asset bubbles, and are now vulnerable to financial stress, according to credit rating agency Standard & Poor’s (S&P).
Moody’s puts Natexis’ financial strength rating on review for downgrade
Credit rating agency Moody’s has placed the B- financial strength rating of Natexis Banques Populaires on review for possible downgrade, following the French bank’s confirmation late last week that it had made a significant loss at its structured equity…
Cal-Comp Electronics offers US dollar-denominated convertible bond
Thailand’s Cal-Comp Electronics has closed the country’s first US dollar-denominated convertible bond since the Asian financial crisis of 1997, said sole bookrunner SG, the corporate and investment banking unit of French banking group Société Générale.
Basel II to boost both large and small banks' loan prices
The prices of some loan products for retail and middle-market corporate clients will almost certainly rise when banks implement the Basel II capital Accord in 2006, according to speakers at Risk ’s Capital Allocation 2002 USA conference this morning.
Natexis hit by heavy equity derivatives losses
French bank Natexis Banques Populaires has made significant losses from its equity derivatives trading business due to poor risk control and failures in the bank’s valuation models.
Japan's SMEs facing funding crisis
Japan's small and medium-sized enterprises (SMEs) are facing the worst funding crisis since the 1997/98 Asian financial meltdown, according Hiroshi Nakaso, associate director of the financial markets department at the Bank of Japan, speaking at Risk…
ING provides swap for first Korean cross-border RMBS
Dutch bancassurer ING is to provide a 21-year swap for South Korea’s first cross-border residential mortgage-backed security (RMBS). “This is the first 21-year cross-border swap done in the Korean market,” said Marc Choo, a Hong Kong-based director in…
Wharton adds options data to online research tool
The University of Pennsylvania’s Wharton School is adding historical options data from OptionMetrics, a New York-based research and consulting company, to its web-based securities information service.
All clear for energy
Several organisations have brought over-the-counter clearing to the US energy markets over the past six months. Kevin Foster assesses their progress and asks whether they can all survive
CLS Is Live. What Next?
CLS participants breathed a huge sigh of relief when the long-awaited system launched successfully. Is anyone ready to start expanding the system to new products?
STP Part 2: After Automation
A vice president of IT at Paine Webber predicts it won’t be enough to automate processes-they must be carefully coordinated.
Quality data and solutions for a challenging market
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Making sense of the new power market
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The Power Sector Model
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Who is left to manage risk?
New Frontiers