Infrastructure
CreditTrade to expand coverage with $8 million venture capital
Credit derivatives inter-dealer broker and data provider CreditTrade has secured more than $8 million of venture capital investment to grow its data services and broaden its product coverage.
Julius Baer launches capital protected products in response to “volatile and difficult times”
Declining political and economic stability has led to Bank Julius Baer launching a number of capital protected products, including investments that offer private investors exposure to rising gold prices, said the Swiss banking group.
UK accepts large banks could use basic op risk approach
LONDON - The UK’s chief financial market watchdog said in July it accepted that a large international bank could use the basic indicator approach, the simplest of the three approaches to calculating operational risk capital charges proposed under the…
Fitch gets OpVar loss database with NetRisk purchase
NEW YORK - Fitch Risk Management, part of rating agency Fitch, said in mid-July it was acquiring NetRisk and its subsidiary OpVantage, both Connecticut-based risk management companies.
Economist questions banks’ approach to VAR analysis
Bank risk managers must use more intra-day price data – also referred to as high-frequency data – to improve their value-at-risk analyses, according to Richard Olsen, an economist and founder of Zurich-based hedge fund and risk services company Olsen.
Beyond the pail
Australia’s regulator has hinted that it may work outside of the Basel Accord to set its own risk weightings for residential mortgages if adjustments aren’t made, writes Nick Sawyer.
Back to the floor
Australia’s major banks are all targeting the advanced measurement approach for calculating operational risk capital under the new Basel Accord. As such, the concept of a floor is proving irksome, writes Nick Sawyer.
True Quote trading platform adds electricity products
APB Energy has added electricity options to its online energy trading platform, True Quote.
CreditTrade launches mark-to-market credit derivatives service
Credit derivatives inter-broker dealer and data provider, CreditTrade, and UK pricing company Totem Market Valuation, have launched a consensus-based, mark-to-market pricing service for banks.
How Japan got it covered
The fast-growing Japanese weather derivatives market is unique in both its product diversity and the range of small business end-users it serves. But where are the big players? Rob Dwyer reports
Laying down the money laundering law
The Patriot Act passed in the US last year to combat money laundering is adding to the compliance headaches of the European hedge industry
Success strategies
Since launching two strategy funds in 1999, ORN Capital has gone from strength to strength and is following up this success up with the launch of a European distressed debt strategy next month
Letter to the Editor: Forbearance measures needed for Basel II
Wilson Ervin and I published an article in Risk last year on the danger that the Basel II proposed reforms of bank capital will lead to procyclicality, ie, pressure on banks to sell assets or raise capital at inopportune times, due to the risk…
The end game
Credit derivatives
Waiting for a boom
Weather derivatives
Back to the floor
Operational risk
Quick on the uptake
Systems
Fitch gets OpVar loss database with NetRisk purchase
BASEL II UPDATE
SIA drops T+1 for T+when?
INSURANCE
JP Morgan Chase streamlines reference data
TECHNOLOGY
Tokyo-Mitsubishi invests in SunGard product
TECHNOLOGY