Structured products
Basel II may prompt mortgage market consolidation
The Tower Group, a US-based consultancy, has just published a report that says the Basel II capital Accord may prompt the consolidation of mortgage lenders in both the US and EU markets, and improve pricing in mortgage instruments.
Taking it slow
Hong Kong's banks are, for the most part, targeting the standardised approach outlined in the new Basel capital Accord, but it is hoped that this will act as a catalyst for the further improvements in risk management.
Japanese banks: Turning up the heat
Japan's banks have faced a gruelling few months in the run-up to the fiscal year-end, with a plunge in equity prices putting severe pressure on capital ratios. But a further crisis may be just around the corner, writes Nick Sawyer.
Growing potential
Products that are compliant with Islamic law have the power to break into a market where the western world can reap the benefits
FSA's decision not to relax marketing rules for retail investors disappoints
open-ended retail hedge funds still not FSA authorised
Band of brothers
Some companies are assessing the need to share pooled information to manage clients more effectively, but the idea is unlikely to be welcomed by hedge funds
Maintain the flow
Hedge fund of fund managers wishing to use capital guaranteed products will need to keep a close eye on their portfolio's liquidity
Soros to implement collateral management trade solutions
Algo Collateral system to provide derivative margining
Weighing up the credit risks
As the interest in credit derivatives grows, we unravel some of the technical applications of such products
From dawnay to dusk
The manager of Dawnay Day's Olympia Global Hedge fund has worked hard to keep the strategies similar to the Olympia Star fund
US-UK regulators clash over Basel II implementation
Last week, senior executives from the US Federal Reserve and the UK Financial Services Authority clashed over the differing implementation plans for the Basel Accord revisions in a pair of speeches delivered to two financial industry trade organization…
Exceptional operational risks: Three myths debunked
Are there common features among exceptional operational risks beyond their defining characteristics of rarity and severe consequences?
Moody’s sees record Japanese yen CDO issuance
International rating agency Moody’s Investors Service said today it rated a record ¥3.02 trillion ($25 billion) of collateralised debt obligations (CDOs) in the first quarter of the year. That compares to full-year volume of ¥3.14 trillion in 2002.
Derivatives disclosure calls mount
Warren Buffett's stinging critique of the derivatives business in March represents the latest call for more derivatives disclosure. But despite some notable moves in this direction, most financial institutions remain stubbornly opaque.
Evergreen reaps compliance rewards
BOSTON - Evergreen Investments, the investment management arm of Charlotte, NC-based Wachovia Bank, has completed the third phase of its implementation of the StarCompliance system for enterprise-wide compliance.
The data deluge
Instant messaging and e-mail are critical tools for traders. But the need to oversee and archive the huge volumes of data they create has become a serious operational risk issue for broker-dealers. Clive Davidson examines the ways firms are dealing with…
Profile: JP Morgan treasury services moves beyond measurement
"We've got to an environment were there are enough scorecards and metrics in place," says Angus Grandfield, head of operational risk for the treasury services division of JP Morgan Chase's Europe, Middle East, and Africa region.
Widening the net
Compliance
Buy side faces increased op risk scrutiny
NEW YORK - Buy-side firms' ability to effectively manage operational risk is attracting more scrutiny from sell-side colleagues, according to a panel held on March 26 at Risk Waters Group's OpRisk 2003 USA conference in New York.