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Infrastructure

A cost/benefit approach to Basel II

The cost of implementing Basel II could put banks at a competitive disadvantage compared with non-banks, and spur them to ‘de-bank’ to avoid this regulatory burden. Harry Stordel and Andrew Cross say regulators must look at the provisions from a cost…

Nine billion ways to be snowed

Emanuel Derman separates real tools from passing trends in the risk management vocabulary. This article is adapted from his talk on Future Innovations in Risk Management, presented at the April Risk 2002 Conference in Paris

Job moves

QUOTE OF THE MONTH: - “It is likely that doubt and a lack of market confidence will affect all energy trading for some time to come” Francis Hervé, chief executive of EDF Trading, the London-based trading subsidiary of Electricité de France (EDF),…

The benefits of Enron

Many corporations are keeping a low profile when it comes to their derivatives use. But when the Enron-related witch-hunts are over, companies may find that insurers and shareholders now view corporate hedging as a fiduciary duty

Isda issues guidelines on counterparty transfers

The International Swaps and Derivatives Association (Isda) has published guidelines to deal with cases where two parties have entered into one or more transactions and where one of the parties transfers its rights and obligations to a new counterparty.

GFI brings in leading academics for Fenics Credit

Broker and derivatives pricing software provider GFI has entered a partnership agreement with professors John Hull and Alan White, two leading derivatives academics, to develop a pricing tool for credit derivatives.

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