Structured products
Avoiding the next catastrophe
This piece is taken from Daniel J. Kramer's speech which was the keynote address at IMN and the International Herald Tribune's Symposium on high performance investing in Monte Carlo, Monaco.
JP Morgan Chase admits $500 million exposure to Enron
JP Morgan Chase said today that it has $500 million of unsecured exposure to Enron.
Danaharta launches Malaysia’s first CLO
Malaysia’s national asset management company Pengurusan Danaharta Nasional Berhad (Danaharta), which is targted at resolving the country’s non-performing loan problem, has issued its first asset-backed securitisation (ABS) worth $81.6 million.
Prime brokerage on Currenex by close of year
Currenex, the online global currency exchange, will make available prime brokerage services to members of its FXtrades forex platform by the close of 2001, according to Lori Mirek, the firm’s New York-based president and chief executive officer.
Indosuez in equity derivatives reorganisation
Credit Agricole Indosuez’s equity arm, CAI Equities, plans to introduce a single trading platform as part of its plans to integrate its global trading and derivatives operations. As a result, the firm's WI Carr Securities Asian derivatives team will…
ING Barings debuts with synthetic CDO in Asia
ING Barings, the investment banking arm of Dutch bancassurer ING, has arranged what it claims to be the first arbitrage synthetic collateralised debt obligation (CDO) transaction managed by a portfolio manager in Asia, in an attempt to cater to the…
Indosuez Asian derivatives team unaffected by cuts
Indosuez WI Carr Securities’ Asian derivatives team will not be affected despite cuts of 300-plus staff at the investment bank throughout the region, according to a senior official at the bank. The 22-strong derivatives team will instead be integrated…
FSA to open securitised derivatives to retail sector
The UK's financial watchdog, Financial Services Authority (FSA), plans to allow retail investors to invest directly in securitised derivatives for the first time by initiating a flexible listing regime.
SuperDerivatives adds barrier options for FX
Online FX options pricing vendor SuperDerivatives has added European-style knock-out and knock-in options to its pricing system.
Tremont, RiskMetrics to improve hedge fund risk reporting
Tremont Advisers, the global provider of hedge fund investment management services, has established a joint venture with RiskMetrics, which provides financial analytics, benchmark risk measurement and wealth management tools. The two companies are…
Argentina debt swap declared a 'default'
Attempts by Argentina's economy minister Domingo Cavallo to change the structure of $132 billion of his country's debt, has received a damaging response from international credit rating agency Fitch. Fitch stated that the move constitutes "a distressed…
Cessation of 30-year Treasury bonds raises dealer fears
The decision last week by the US Treasury to stop issuing 30-year bonds caused a significant amount of activity in the markets, as traders sought to adjust to the surprise news. Spreads in 30-year US dollar interest rate swaps widened by 12 basis points…
Unresolved Basel II issues include total capital and economic impact, says UK central banker
OXFORD, ENGLAND - The question of what should be the appropriate overall level of protective capital in the world’s banking system remains one of the unresolved issues of the Basel II banking accord, said deputy Bank of England governor David Clementi…
Basel II would mean banks less able to deal with NY attacks, US Senate told
WASHINGTON - The operational risk capital charge proposed by global banking regulators would create a "perverse incentive" against banks taking measures to cope with operational hazards such as the September 11 attacks in New York, the US Senate’s…
Losses and lawsuits
LOSS DATABASE
Basle II would mean banks less able to deal with NY attacks, US Senate told
WORLD TRADE CENTER AFTERMATH
Over-concentration of services risks raised by September 11 -- Depository Trust chief
WORLD TRADE CENTER AFTERMATH
New York attacks seen as boosting prospects for catastrophe bonds
WORLD TRADE CENTER AFTERMATH
Technology and flexibility the key to banks’ response to NY attacks, says Greenspan
WORLD TRADE CENTER AFTERMATH
S&P unveils new ratings model
International rating agency Standard & Poor's is to introduce a new partial guarantee model to help companies seeking to upgrade their credit ratings. The model marks a move away from the weak-link rating approach currently being used, where corporations…
S&P unveils new ratings model
International rating agency Standard & Poor's is to introduce a new partial guarantee model to help companies seeking to upgrade their credit ratings. The model marks a move away from the weak-link rating approach currently being used, where corporations…
Moody's integrates credit risk software with GFA
The Chicago Board of Trade (CBOT) launched its newest product, the 10-year interest rate swap future, today. The new instrument will trade in the agency/swap futures pit and on the CBOT's electronic trading platform.
CFTC makes amendments to CFMA 2000
The Commodity Futures Trading Commission (CFTC) has released the final rules relating to the trading of equity futures products in the United States. These rules implement provisions of the Commodity Futures Modernisation Act of 2000 (CFMA) that lift the…