News
OpRisk North America: Crisis highlighted op risk model failures, says Adachi
Model risk emerged as a key lesson from the crisis – and a significant variation in op risk modelling approaches exists today, says Sigor chair
Asian investors warm to volatility as demand for yield enhancement strategies grows
The need for better returns in a low-yield market environment is encouraging Asian investors to take a closer look at alternative investment strategies and the use of volatility as a hedging tool, with banks launching more enhanced, dynamic strategies in…
Need for matching premiums recognised in Econ vote
Amended Omnibus II text acknowledges a matching premium is necessary, but there is no detail on how it will work
2011: The year of the hacktivist
The majority of data thefts last year were ideologically driven, study finds
Basel III commitment in question, says ex-committee member
The ongoing crisis in Europe is casting doubt over Basel III framework, says a former Basel Committee member
OpRisk North America: Keep an eye on KRIs, says Cruz
More focus needs to be given to key risk indicators, says Morgan Stanley’s Marcelo Cruz
Sovereign CDS market needs to learn lessons from Greece, dealers say
An auction to settle the Greek sovereign CDS goes smoothly, but some participants argue the documentation needs to be revisited
S&P Indices partners with Isda to assess credit quality of US and European banks
S&P Indices launches equally weighted proxies that measure the quality of US and European banks in conjunction with Isda, the trade body for the global OTC derivatives industry
Risk Annual Summit: DVA hedging creates systemic risk, says Brigo
King's College professor of finance Damiano Brigo says regulators should clamp down on dealers looking to hedge debit value adjustment gains by selling CDS protection on closely correlated names
Risk Annual Summit: Central clearing divides buy side
A hammer to crack a nut, or a chance for everybody to win? Buy-side panellists disagree on the merits of central clearing
Risk Annual Summit: Bank deleveraging 'might not be cyclical'
Aircraft, shipping and project finance all set to lose out as banks seek to constrain capital consumption, panellists warn
OpRisk North America: Right culture is critical, conference hears
Getting the risk culture right at a financial institution is critical to op risk – but speakers acknowledge that is far from easy
OpRisk North America: Op risk is high and increasing, says OCC
Operational risk is on the rise in high-volume markets, regulators say
Middle distillates to strengthen on supply constraints?
Middle distillates to strengthen on supply constraints?
OpRisk North America: Too much confidence in risk models, OCC’s Levonian warns
OCC regulator warns risk managers to re-examine data integrity and be wary of model risk
Latest FSC crackdown decimates South Korean equity-linked warrants market
New rules on liquidity provider quotation thresholds see spreads widen and equity-linked warrants turnover plummet by more than 90%, leading investors to look offshore
Risk Annual Summit: Buy-side firms call for clearing changes
Eligible collateral for CCP margin needs to be reviewed – and regulators also need to ensure the clearing exemption for some end-users is not negated by Basel capital rules, say buy-side firms
Risk Annual Summit: CVA rethink needed, says HSBC risk specialist
Market risk hedges should be recognised when calculating CVA capital charge, says HSBC market risk modelling head
Risk Annual Summit: Emir rules will be binding from 2013, says Pearson
Esma doesn’t have much time to draw up technical standards, but regulators will be ‘nimble on their feet’, says EC’s Pearson
Risk Annual Summit: Loan and bond markets will suffer under Basel III, say panellists
Supervisors should embrace new form of securitisation to encourage bank lending, argues Ernst & Young’s Patricia Jackson
Risk Annual Summit: No answers on how to cope with CCP default, says Pearson
Regulators are looking at how financial markets could be proofed against the collapse of a CCP – but there are more questions than answers at the moment, says the EC’s Patrick Pearson
Risk Annual Summit: Deutsche credit risk head questions CRD IV timeline
Banks have nine months until elements of Basel III are due to come into force, but details of implementing legislation are still being debated
Investors split on 100-year gilt proposal
An ultra long-dated gilt will provide observable market data for liability discounting, but investor demand at the 100-year maturity is questioned
CFTC rule sounds death knell for FIA-Isda trilateral give-ups
Final rule forbids documentation revealing identities or limiting counterparty choice