Structured products
Mantas and IBM collaborate for trading abuse monitor
Mantas, a compliance technology provider for the financial services and telecommunications industries, has partnered with IBM to develop Mutual Fund Monitor, a system developed to enable fund managers to detect market timing, late trading, self-dealing…
S&P introduces new CDO benchmarking tool
Rating agency Standard & Poor’s (S&P) has introduced a new tool for rating the performance of synthetic collateralised debt obligations (CDOs). Synthetic rated overcollateralisation (SROC) is a measure designed to let investors quantify the chance of a…
Sponsor's Article > Alliance & Leicester Uses SunGard's Basel II Capital Manager
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Alliance & Leicester, a UK financial services group, is using SunGard Basel II Capital Manager for improved credit risk management and Basel II compliance.
Emission control
Awards 2004
Mutual funds: Reputational repair
Stung by market timing and late-trading scandals, US mutual funds such as Putnam are scrambling to shore up their battered reputations. But the fallout may be far from over.
DrKW criticises CLS for not introducing central clearing
Continuous-linked settlement (CLS), the global system to reduce foreign exchange transaction risk, should have been set up to provide banks with a centralised clearing facility, rather than just to eliminate ‘Herstatt risk’, according to a senior banker…
Securitisation specialists urge last-minute changes to Basel II
The securitisation industry is keeping the pressure on in the hope of some last-minute fine-tuning of the new Basel Accord, due for completion in mid-2004.
Erasing Enron
Awards 2004
SG launches new UK commodities trackers and warrants
SG, the investment-banking arm of French bank Société Générale, has launched tracker certificates on gold, silver and platinum. In addition, the bank has issued both call and put warrants on gold.
Repeal repercussions
Awards 2004
Golden procurement
Awards 2004
Old dog, new teeth?
Awards 2004
The big picture
Focusing only on measuring VAR and stress tests limits the role of the risk manager.And there are great benefits from a wider view of what risk management can achievefor a company. By Brett Humphreys
Rethinking regulation
Market manipulation and inaccurate pricing led to the reregulation of Ontario’s electricity market. But at the right price, the Canadian province may see a revival of competition, reports CatherineLacoursière
Bush urges TVA to modify debt estimates
Awards 2004
News in brief
Awards 2004
Bob Anderson
Former chief risk officer with El Paso, Bob Anderson now heads the Committeeof Chief Risk Officers full time. By James Ockenden
Constructing an operational event database
Michael Haubenstock of US bank Capital One outlines a framework for an event database, formulated with current US regulatory guidance on the subject in mind. The text is an abstract from The Basel Handbook, which has just been published by Risk Books.
The score for credit
Jorge Sobehart and Sean Keenan discuss the benefits and limitations of model performance measures for default and credit spread prediction, and highlight several common pitfalls in the model comparison found in the literature and vendor documentation. To…
BNP Paribas creates credit arbitrage team
BNP Paribas is setting up a global credit arbitrage team, with Stéphane Delacote, previously Tokyo-based head of credit trading and derivatives for Asia-Pacific at the French bank, moving to London to head up the new division.
Spreading the net: in search of the best fund managers
RMB International's Global Spread Capture Fund, a fund of hedge funds, has added value by taking significant decisions about which market to be in at particular times.