Structured products
White House boosts FinCEN funding
MONEY LAUNDERING
Losses and lawsuits
LOSS DATABASE
Profile: SEB strives for total operational risk acceptance
FRONT PAGE NEWS
European demand for op risk talent set to surge in 2003
IMPLEMENTATION OUTLOOK
The SEC’s e-mail crackdown
TECHNOLOGY NEWS
DST International acquires Askari
New angles
Hedging equity risk in pension plans
Sponsor’s statement
Mercer snaps up Oliver, Wyman
New angles
Technology briefs
Systems
Gold hedging loses its lustre
Cover story
Inflation option auction plans
New angles
Modelling firm tackles surety bond woes
New angles
Liability hedging without the tears
Interest rates
RiskNews review
RiskNews review
Goldman launches gold warrants for retail
New angles
Tailoring internal models
Insurance special – Risk models
JP Morgan Chase closes first Korean synthetic credit transaction
JP Morgan Chase has closed South Korea’s first synthetic credit transaction this week. The US investment bank has arranged a hybrid 10-year $30 million credit-linked note (CLN) with exposure to Korea Development Bank credit risk and the super senior swap…
Formation of WBOT blows off course
Atlanta-based Weather Board of Trade (WBOT) has missed its planned February 2003 launch date, and its viability has been called into a question by a number of market participants. The online weather derivatives exchange originally planned to launch in…
CLS settles a trillion a day
NEW YORK — Continuous Linked Settlement, the new settlement service for foreign exchange, settled a record $1 trillion in FX payments on February 18.
Hedge funds see first capital outflows in two years
Alternative investment strategies saw their first quarterly net outflow in more than two years in the last quarter of 2002, capping a year in which $16.3 billion in assets were added to hedge funds, according to research compiled by Tremont.
Mercer snaps up Oliver Wyman
Mercer, a consulting division of New York-listed Marsh & McLennan, has bought specialist risk management and financial service practice consultants Oliver Wyman & Company for an undisclosed sum.
Refco launches alternative investments division
US futures broker Refco is launching an alternative investments division to sell structured products that incorporate hedge funds, futures, currency and various other derivatives.
The Price May Not Be Right!
Significant events that occur after a market has closed—but before the fund is valued—may lead to consumers buying a fund at an incorrect price due to stale pricing.