Structured products
Preemptive strike
The prospect of Eliot Spitzer launching a probe into fixed-income research has prompted the BMA to draw up a set of guiding principles for the industry. But some investors are questioning the motivation for such an initiative.
Parmalat focus: Tragedy or farce?
Corporate Europe has been gripped by a scandal that has led to the downfall of one of Italy's largest and most established companies – dairy producer Parmalat. Bondholders don't know whether to laugh or cry at the size of the fraud.
Notching: Poles apart
A long-running dispute between the 'big three' credit rating agencies concerning the practice of notching refuses to go away. Saskia Scholtes examines the latest contribution to the debate from economics consultancy Nera.
Foreign exchange restructuring at Merrill Lynch
A major restructuring of Merrill Lynch’s foreign exchange management is under way, according to sources close to the bank in New York, reports Risk’s sister publication, FX Week .
Order Management Systems Clamp Down
Banks are looking to Order Management Systems to achieve compliance, settle trades and take advantage of liquidity. Are your traders ready for the coming Bull Market?
Basel across boundaries
With branches spanning Asia, the Middle East, Africa and Latin America, Standard Chartered faces a number of challenges in implementing the new Basel Accord. Yet Richard Meddings, the bank's group risk director, has his eye firmly fixed on the most…
Banks Tackle Op Risk
Banks misplacing millions of pounds and dollars may sound absurd, but operational risk makes it more commonplace than you might think.
Bracing for Basel
When international banking supervisors met in Basel, Switzerland in 1999 to propose a new framework for capital adequacy, they set in motion the biggest shake-up of the decade as to how banks measure risk and allocate capital. The new proposals, called…
Storms ahead
Rankings 2004
Deutsche closing gap on Citi?
Deutsche Bank could be about to close the forex-earnings gap with rival Citigroup, if foreign exchange figures match the 33% dollar-terms improvement in its debt group, announced last week, reports Risk's sister publication FX Week .
EU transparency: Lost in translation
Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project.
Upwardly mobile
Rankings 2004
CGE will face antitrust suits: rival
Rankings 2004
The deal deluge
Rankings 2004
CFTC amends rules governing FCMs
Futures commission merchants (FCMs) in the US will be permitted to enter into repurchase agreements and collateral management programmes using customer-deposited securities, following a rule amendment by the Commodity Futures Trading Commission (CFTC).
UK’s FSA takes issue with misselling and market timing
The investment management industry in the UK is under fire from the Financial Services Authority (FSA) on a number of fronts at the moment. First, the market-timing abuses that have grabbed headlines in the US also seem to have occurred in the UK,…
Basel II will reduce securitisation by banks, but won’t alter bank ratings, says Fitch Ratings
The implementation of the more risk-reflective Basel II will reduce the attraction of securitisation as a means of lowering banks’ regulatory capital requirements, but is unlikely to change the ratings of originating banks, according to a special report…
Risk at the margin
Rankings 2004
LNG drive gears up
Rankings 2004
New asset management risk software vendor launched
A new technology company called Independent Risk Monitoring has been launched to provide asset management companies with risk software.
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
Lost in translation
Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project. Oliver Holtaway reports
Laying down the law
The debate surrounding the publication of market reform proposals by a group of leading bondholders – the so-called Group of 26 – is hotting up. Issuers have reacted negatively to what has in effect amounted to a series of ultimatums. Laurence Neville…
on target
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