Structured products
Trema survey highlights poor operational risk controls
Trema, the Sophia Antipolis-based provider of asset management technology, has released the results of its Asset Management STP Survey conducted between June and August this year.
Hedge funds find investors on their side in SEC registration debate
After months of dialogue with hedge funds, funds of funds and prime brokers, the SEC released its much anticipated report on the hedge funds industry. But its recommendations have met with widespread scepticism.
Putting the European regulatory framework in place
Hedge fund regulation high on European parliament agenda
Operational risk biggest threat to hedge funds
LONDON - Operational risk is the biggest threat to hedge funds in both start-ups and established firms, speakers told the Pan-European Hedge Funds Summit held in London on October 23 and 24.
Fraud is here to stay, say industry experts
The SEC could not stamp out fraud even if regulation of advisers comes to pass, according to industry experts.
Hedge funds record Q3 net inflows of $24.6bn
The hedge fund industry attracted net new investment of $24.6 billion during the third quarter, up from $13.8 billion in the previous quarter, according to figures released today by the Tass Research unit of Tremont Capital Management.
The ultimate stress-test: modelling the next liquidity crisis
What would happen if one of the world's largest investment banks pulled out of derivatives? Risk managers at Deutsche Bank and JP Morgan Chase are already building this scenario into their stress-tests, and regulators want other banks to do the same.
Tri-party repo push for Europe
Europe's tri-party repo market may be ready to take off, thanks to the combination of tighter credit conditions and the provision under Basel II, the new Accord on bank regulatory capital, for lower charges on collateralised financing.
CME cuts European fees
The Chicago Mercantile Exchange (CME) has slashed transaction fees for all products traded electronically on Globex in Europe, bringing its costs in line with rivals the Chicago Board of Trade (CBOT) and Eurex. However, the cut of 73% to 44 cents, from…
Self-regulation: Speak no evil
In an effort to head off any attempts by regulators to mount Spitzer-style investigations into credit research, banks under the aegis of the BMA are formulating proposals to self-regulate.
Sponsor's article > When is best practice good enough?
A dramatic change in banking regulation has been the move from prescriptive procedures towards 'best practice' risk management. Disagreements about how quickly the new approach can be applied to credit risk is central to arguments about revising Basel II.
OCBC and Deutsche offer $1 billion synthetic CDO
Singapore's Oversea-Chinese Banking Corporation (OCBC) and Deutsche Bank have launched a managed synthetic investment-grade collateralised debt obligation (CDO) transaction worth $1 billion. 'OCBC global investment grade CDO 1' went on sale this week.
EU explores rating agency shake-up
The European parliament may be set to tighten the regulation of credit rating agencies after a paper from the parliament's Committee on Economic and Monetary Affairs emphasised the growing significance of rating agencies in the financial systems and…
FSA issues conglomerates rules, warns of more EU regs to come
The UK's Financial Services Authority's (FSA) new chairman, Callum McCarthy, has warned financial executives about the "severe strains" UK-based financial institutions will face in implementing new regulations from the EU during 2004 and 2006.
Open Platform - Prepare for Even More Scrutiny
As the Attorney General, the SEC and other regulators join forces to oversee the bond market, we may need to police ourselves.
Insurers must do better - FSA
A new study by the UK's Financial Services Authority into risk management at insurance firms concludes that, although practices are improving in general, there is a long way to go before insurers are at the same standard as other types of financial…
Nomura analyst sceptical about Nera's ratings study
Research by National Economic Research Associates' (Nera) economic consulting division comparing different rating agencies' rating processes has been described as "disappointingly inconclusive" by Mark Adelson, a New York-based securitisation and asset…
SEC produces maverick Basel II framework, redefines op risk
Throughout the Basel Accord revision process, US regulators have had a reputation for going their own way on key issues, and the Securities and Exchange Commission (SEC) is no exception.
Nomura analyst sceptical about Nera’s ratings study
Research by National Economic Research Associates' (Nera) economic consulting division comparing different rating agencies’ rating processes has been described as “disappointingly inconclusive” by Mark Adelson, a New York-based securitisation and asset…
US banks increase investments in service and risk management technology, says report
US banks are increasing their spending on service and risk management technology, a new survey by the American Bankers Association (ABA) and TowerGroup has found.