News
Citi and HSBC launch family offices to tap high-end private banking in Asia
Citi and HSBC have newly established family office units in the region just weeks after similar moves by Credit Suisse and UBS.
Revised CVA capital charge does not go far enough, say dealers
Modifications by the Basel Committee are welcomed, but further changes are needed, dealers claim
UBS hires senior equities managers
Deutsche Bank alumni Marcus Overhaus and Ricardo Honegger move to UBS' equities department
Diversification can be dangerous, warns Noster Capital
Diversified investing is not the way to achieve returns and investors should avoid broad market exchange-traded funds (ETFs) and anything structured, according to hedge fund Noster Capital
Eurozone CDS spreads continue narrowing trend
Debt protection costs on eurozone peripherals declined again, while fears of Egyptian unrest remain
ECB opinion on derivatives reform spurs debate on CCP liquidity resilience
French authorities welcome ECB's call for the resilience of central bank money to be recognised in EU derivatives legislation.
The EU’s problem is solvency, not liquidity, says Pimco’s El-Erian
The EU faces a tricky 2011 as it navigates excessive debt, but needs to address solvency issues rather than liquidity, says Pimco's CEO Mohamed El-Erian.
European government borrowing to 9.2% decline in 2011, says Fitch
A new report from Fitch Ratings suggests Europe's public finances are on the mend, reducing pressure to borrow in 2011
CDS spreads continue to fall across eurozone periphery
The cost of swaps protecting against a state default of eurozone peripheral states continued to decline today.
ECB opines on Basel countercyclical buffer
Central bank cautions against mechanical application of credit-to-GDP ratio for calibration
Oversubscribed CLO points to returning Asian risk appetite, more CLOs expected
Standard Chartered's most recent Start deal proved oversubscribed, suggesting a returning credit risk appetite in Asia. Meanwhile, more CLOs are expected this year.
Société Générale downbeat on major asset classes in 2011
Equities and bonds are overvalued while commodities and emerging markets look equally unattractive, according to Société Générale's 2011 Outlook presentation
Eurozone CDS spreads continue downward trajectory
Debt protection costs on eurozone sovereigns fall while Irish financials enjoy mixed day
Asian Financial Forum: China tests further easing of renminbi convertibility of capital account
China's State Council is advising the Shenzhen municipal government and local regulators about permitting renminbi conversion outside of currency restrictions
BNY Mellon expects strong demand for Asian hedge funds in 2011
Improved corporate governance in Asia could lead to greater institutional demand for the region's hedge funds
GS: Opportunities from commodities emerging markets constraints
Goldman Sachs says investors should get exposure to crude oil, and put a $105 per barrel price target on it, as one of the supply-constrained commodities China most needs, David Walker reports.
Swiss authorities ink deal on crisis collaboration
Swiss National Bank, finance ministry and regulator sign memorandum on supervisory cooperation
Asian Financial Forum: Call for Chiang Mai upgrades, shorts control
Asian regulators note the risk of future market volatility due to fund outflows from the region or external global difficulties, suggesting that both Chiang Mai and short selling are among topics that need attention.
Risk perceptions of Allied Irish Bank rise over weekend
Credit default swaps on the troubled Irish bank widen by four percentage points
North American banks expect rise in internal fraud
US and Canadian banks expect internal fraud to increase
Asian Financial Forum: China and Hong Kong to collaborate more on cross-border access and cross-listings of ETFs, says CSRC chief
Hong Kong and Shanghai are set to more closely align clearing and settlement systems enabling the cross-listing of instruments such as exchange-traded funds. Meanwhile, the Chinese authorities plan to encourage state-owned enterprises to launch so-called…
Top 10 articles on Risk.net in 2010
A quick overview of the top ten articles across the whole of Risk.net in 2010 provides a roadmap of the year's main themes
Asian Financial Forum: Speculative capital a ‘greater risk' to Asia than global financial crisis
Speculative inflows into the region could present a greater threat to the region than the global financial crisis, according to senior regional government and regulatory officials attending the Asian Financial Forum in Hong Kong.
iShares European assets reach $100 billion
The interest in fixed-income and emerging markets ETFs last year helped to boost iShares AUM.