News
Goldman and Citigroup to become CBOT swaps market makers
From next month, Goldman Sachs and Citigroup will act as electronic market makers for the Chicago Board of Trade's (CBOT) five-year and 10-year interest rate swap futures contracts.
Risk 's Derivatives and Risk Management Summit Europe 2006: Regulators and ratings prevent meaningful Basel II savings
Banks may be unable to benefit from regulatory capital reductions under the Basel II reforms because of local rules and the requirements of rating agencies.
Risk 's Derivatives and Risk Management Summit Europe 2006: Hedge funds irked by culture of disclosure
Hedge fund managers have warned that increased demands for disclosure from their institutional investor clients and regulators could have some negative consequences for performance and market liquidity.
MFA's derivatives research foundation elects Handzy to board
The Foundation for Managed Derivatives Research (FMDR) has elected Damian Handzy to serve as a director on its board. Handzy is chairman and chief executive of Investor Analytics, a New York-based risk and portfolio management services firm.
Nymex Europe to shut trading floor
Nymex Europe, the London arm of the New York Mercantile Exchange, will close its trading floor at the end of this week as it shifts to electronic trading in oil and gas futures.
Risk 's Derivatives and Risk Management Summit Europe 2006: Insurance CROs still grapple with pricing core risks
Chief risk officers at leading insurance companies are still spending too much time providing reporting figures for non mark-to-market operational risks instead of analysing the basis for models, pricing and risk assumptions across the business, Tom…
Risk 's Derivatives and Risk Management Summit Europe 2006: Dealers may face new raft of CDO litigation
Banks and securities firms could be hit with a wave of new litigation as they are still not properly explaining to investors the full risks associated with collateralised debt obligation (CDO) investments, said speakers at Risk ’s Derivatives and Risk…
Risk 's Derivatives and Risk Management Summit Europe 2006: BGI’s Lindsay says defined benefit schemes will ‘die’
Lindsay Tomlinson, European vice-chairman of Barclays Global Investors (BGI) told delegates attending Risk ’s Derivatives and Risk Management Summit Europe conference today that even if accounting or other rules are changed to treat defined benefit…
Risk 's Derivatives and Risk Management Summit Europe 2006: Regulators ‘must clarify MiFID' to prevent unfair competitive advantages arising
Financial institutions across the European Union’s 25 member states must lobby their individual regulators to ensure that jurisdictional interpretation and implementation of the Markets in Financial Instruments Directive (MiFID) next year does not…
Servis joins Deutsche's CDO group
Neil Servis has joined Deutsche Bank as global head of managed synthetic collateralised debt obligation (CDO) origination and distribution.
Dealers to launch standardised loan CDS documentation
A group consisting of 15 major dealers has announced that a standardised confirmation and settlement rider for the North American loan credit default swap (CDS) market will be finalised imminently.
Sponsor’s article > Pan-European Credit Data Consortium Case Study: Credit Data Pooling by Banks for Banks
Institutions seeking to apply the internal ratings-based (IRB) approach under Basel II are required to provide accurate estimates of their credit risks. However, most banks do not have enough internal data on default and recovery to calculate reliable…