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Emerging slowly to Basel

Financial institutions in emerging markets are overly optimistic that they will implement Basel II on time, according to a survey conducted by the World Bank. The results were announced at the World Bank advanced risk management workshop in Washington,…

APX restructures, makes senior hires

Amsterdam-based APX Group, which provides exchanges for natural gas and power trading across northwest Europe, will move London-based power exchange UKPX’s forwards market onto its own system on August 18. The group has also made several senior…

Rivals gear up for forex clearing

The stage is set for a central counterparty clearing (CCP) system for foreign exchange as two potential providers moved their plans forward last week, reports RiskNews' sister publication, FX Week .

AIG restaffs forex post-merger

Banque AIG, a subsidiary of AIG Financial Products, has hired six sales and trading specialists in a bid to upgrade the foreign exchange component of its cross-product service, reports RiskNews' sister publication, FX Week .

Fidelity risk chief lands at SEC

The US Securities and Exchange Commission (SEC) has hired Charles Fishkin as director of the newly formed Office of Risk Assessment (ORA). Fishkin will manage the overall risk assessment programme, co-ordinating risk assessment activities across the…

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