News
Fears of rising interest rates spurs switch and floored note issuance
As investors seek protection against interest rate rises, Bank of America Merrill Lynch and Morgan Stanley are among the banks responding with rates products offering minimum returns.
Future of OTC operational commitments under review
OTC derivatives legislation prompts rethink of industry letters to the New York Fed
Stricter regulation possible for Ucits hedge funds
French seeking to apply stricter rules to funds using complex investment strategies, claim Cesr support
New methodology to address 'dearth' of forestry offsets
Methodology should increase supply, developer says, providing end-users with high-quality carbon offsets
2010 Asia Pacific CVA Forum: Singapore going live with CVA, Korea next?
Domestic banks in Singapore are starting to set up CVA desks at the behest of their regulator, but elsewhere in Asia there are significant obstacles to CVA
Potential back-door route to Solvency II equivalence for US insurers
EC outlines potential route for US insurance regulatory regime being granted equivalent status to Solvency II
ATP hits out at resurgence of hybrids
Hybrid debt is in the firing line for offering equity risk but only bond yields
Solvency II to curb renascent with-profit sector
Higher capital charges for with profits products under Solvency II
UK’s TPR issues FSD on Lehman Brothers
The Pension Regulator takes a tough line with Lehman Brother creditors over UK pension fund deficit
Scor eyes UK pension funds’ longevity risk
Reinsurer Scor becomes the latest firm to enter the longevity arena
Qantas’s head of risk: hedging programme is too conservative
Qantas Airways’ head of risk believes the company could take more risks within its hedging programme
End-users rush into hedging oil prices
End-users are ploughing into hedging their oil positions, as prices remain in a tight range, says Standard Chartered Bank’s head of energy and environmental research
Demands on loss consortia changing, says BBA and consultancy
British Bankers' Association launches co-operative effort with RiskBusiness
Power exchange to launch gas contract
New Nodal Exchange contract to increase options for power traders; anticipates future gas and renewables demand
Quant unlocks the physics of the flash crash
The flash crash was statistically distinct from other market panics, and can be understood with a little help from the physics of supercool magnets
HKMEx: China’s currency liberalisation to drive liquidity in energy and commodities
China's growth as a consumer in the energy and commodities global market could eventually sway price movements, says Hong Kong Mercantile Exchange’s Cheung
Capital deductions an issue for US banks facing Basel III
US banks will find it easier to comply with Basel III than European counterparts, but capital deductions could pose a problem
Tradeweb launches equity derivatives platform
Tradeweb has launched an electronic equity derivatives platform in the US that offers the ability to complete transparent and timely transactions within minutes
Wilson to move from BoE to Moody's
Bank of England institutions head Alastair Wilson moves to Moody's as chief credit officer for Europe
China opens up secondary loan market in bid to reduce systemic risk
China has further liberalised its interbank market to let banks transfer loans to each other
VAR drops in Q2 despite sovereign risk fears
Most large banks had less exposure to market risk during the second quarter, despite volatile conditions in many asset classes.
IOR: Governance structures crucial to op risk management
IOR: Governance structures crucial to op risk management