News
Barclays launches managed CCO
Barclays Capital has launched Everest I, a managed version of the collateralised commodity obligation (CCO) structure it has helped pioneer.
Banks' management of credit risk should help them withstand shocks, says S&P
The global banking industry is generally strong and able to deal with sudden shocks because of its improved risk management, according to research by rating agency Standard & Poor's.
Jorion joins Paamco
California-based Pacific Alternative Asset Management Company (Paamco) has hired Philippe Jorion as a director in its risk management group.
Caruana to join IMF
Jaime Caruana, chairman of the Basel Committee and head of the Bank of Spain until July 1, is to head a new department covering financial, capital market and monetary affairs at the International Monetary Fund (IMF) in Washington. The appointment begins…
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…