News
OpRisk Europe: Fairness fights fraud, conference told
Firms can mitigate the risk of employee fraud by paying attention to their infrastructure and culture and also to the employees themselves, according to psychologist Adrian Furnham
JP Morgan bolsters Asia equity derivatives team with two new hires
JP Morgan has added to its equity derivatives group in Asia by raiding Goldman Sachs and Morgan Stanley
Industry resists Dodd-Frank real-time reporting
While the Dodd-Frank Act calls for real-time trade reporting, industry insiders argue it will be misleading
Position limits will feed risk into real economy, say energy companies
Energy market participants have expressed doubt that European position limits proposals will achieve reductions in market volatility, and warned of unintended consequences for end-users' risk management
OpRisk Europe: Incorporating legal risk "not a done deal" at Deutsche
Rob Nagra of Deutsche Bank tells of the tough journey Deutsche have had to get legal risk recognised as operational risk, while another international bank has found it easy
Restructurings may offer a solution to eurozone debt woes, says John Redwood
MP and chairman of the investment committee at Evercore Pan-Asset says bondholders must reconcile themselves to taking losses in any restructuring plan for Greece and other troubled peripherals
Outgoing SFC chief slams Geithner on regulatory arbitrage comments
Martin Wheatley, the outgoing chief executive of the SFC, dismissed suggestions Asia may attempt to use regulatory arbitrage to the detriment of the US; Alexa Lam, named as the interim CEO
S&P launches additional risk control indexes using bonds to add upside
Standard & Poor's has launched a second series of its popular risk control indexes, this time using a bond component while targeting a specific level of volatility
OpRisk Europe: Business continuity must be "reloaded"
Volksbank op risk head says many continuity plans do not reflect lessons from the financial crisis
Singapore’s GIC to name Chia as successor to Sung as CRO
GIC has appointed Chia Tai Tee to succeed Sung Cheng Chih as chief risk officer. The move is part of a managed succession. Sung, who warned of the dangers of CDO investments prior to the financial crisis of 2007/2008, will remain as a consultant to the…
OpRisk Europe: clear risk lines vital, Wymeersch says
Eddy Wymeersch calls for independent risk function at top level
OpRisk Europe: EBA calls for common approach on CRD
Bernd Rummel describes EBA push for Europe-wide approach to capital rules
JP Morgan private bank recruits Lum to cater to China ultra-high-net-worth individuals
The US bank has continued its recruitment drive in the region, snaring Rebecca Lum from UBS to look after wealthy Chinese individuals offshore
Deutsche Bank merges OTC and listed clearing businesses
Deutsche restructures clearing initiatives in response to global regulatory push towards OTC derivatives central clearing
Industry supports risk-adjusted bonuses for risk managers, according to Risk.net poll
Sixty-five per cent of respondents support separate pay structure for risk managers
Geithner letter to Hungarian minister weighs in on Emir open access debate
Market participants believe US letter endorses a narrowing of Emir scope, but a Treasury official says the letter draws attention to gap in regulation
Schroders names fixed income head for Asia
Rajeev de Mello will replace existing head, How Phuang-Goh, who retires
Andrés Portilla promoted at IIF
Portilla becomes director of regulatory affairs at IIF, while David Schraa is promoted to regulatory counsel
BritNed debut well-received; step to single market
Healthy trading volumes and auction interest bode well for the BritNed interconnector, say European power market participants. Anna Reitman looks at the prospect of a spot market
As US hurricane activity falls, Asian weather risk rises
US weather conditions are purported to become more neutral this year, but forecasters are already looking to Asia as a potential risk management growth area. Pauline McCallion reports
Carbon price of €60/ton needed to hit targets say traders
Carbon brokers estimate that €60 per European Allowance (EUA) will be needed in the third phase of the Kyoto protocol if the 80% emissions reduction target is to be met by 2050.
Trading positions - June 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Buy-side firms urged to avoid stampede to CCPs
Panel participants encourage buy-side firms to engage with CCPs early to avoid a last-minute rush
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield
Internal model compulsory for variable annuity providers in Ireland, says BOI’s Elderfield