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Central banks act again to preserve liquidity
Led by the US Federal Reserve, five central banks have announced measures to improve short-term liquidity as the financial sector remains short of funding.
Deutsche poaches JP Morgan private bankers in Hong Kong
Deutsche Bank Private Wealth Management (PWM) has hired six senior private bankers from JP Morgan Private Bank in Hong Kong.
UK pension funds not hedging as much as expected
Only 12.6% of UK pension funds surveyed by the Pension Protection Fund (PPF) use swaps to hedge interest and inflation risks.
Crude Oil surges to $107
The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
International regulators release risk management report
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New rules for telephone recording
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Firms are neglecting fraud risk management, says survey
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Crude rally continues as analysts eye $115 oil
West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue.
Risk South Africa: SARB’s Mminele outlines challenges facing central banks
Flailing markets brought on by bad US subprime mortgages present serious quandaries to the world’s central bankers, suggested Daniel Mminele, head of markets at the South African Reserve Bank (SARB).
Lehman Brothers suffers mispricing losses
Lehman Brothers in London has become the latest financial firm to suffer losses from unauthorised trader activity, losing a reported $150 million on misvalued exotic equity derivatives trades.
Banks relied too much on ratings, supervisors say
Regulators from France, Germany, Switzerland, the UK and the US say banks that suffered serious losses during the credit crisis often did so because of avoidable failures in risk monitoring and management.
Risk South Africa: leveraged loan market to pick up in 2009
The South African leveraged loan market will calm down in 2008 after the global credit crisis but is expected to pick up again in 2009, according to Rand Merchant Bank (RMB), a division of FirstRand Bank.
Nymex and LCH.Clearnet form clearing alliance
New York Mercantile Exchange (Nymex) and clearing house LCHClearnet will team up to offer two energy contract slates, one cleared by Nymex ClearPort in New York and the other cleared by LCH in London.
StanChart reshuffles Asia FX, rates and commodities
Standard Chartered has made senior appointments in Manila and Singapore in commodities, foreign exchange and interest rates.
Noble Group's risk head relocates to Hong Kong
Global commodity supply chain manager Noble Group will move group risk manager Nick Brewer to its head office in Hong Kong in March.
Logica and SAP launch GRC collaboration
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