News
Onshore forex options debut in China
Foreign exchange options debuted in mainland China today with a number of deals taking place. China now has an onshore market for forex forwards, forex options, forex swaps and cross-currency swap, offering market participants more hedging tools as the…
Air China CFO wants simpler fuel hedges; other airlines remain unhedged
Air China will seek simpler hedging strategies when its current contracts expire. Meanwhile, other airlines in Asia are taking differing approaches to hedging, with some risking big profit losses by staying completely unhedged.
Changing Hats, April 2011
The latest movers and shakers in operational risk
Japan crisis proves value of multivariate scenarios
Japan shows value of multivariate scenarios
MAS issues consultation paper for regulation of credit rating agencies
MAS issues consultation paper for regulation of credit rating agencies
Eiopa: Internal models beneficial under Solvency II
Eiopa: Internal models beneficial under Solvency II
OpRisk North America: ‘Nasty’ new regulation threatens foreign banks in the US
The Foreign Account Tax Compliance Act expected to impact on the systems and operations both of US and foreign firms
OpRisk North America: Moving OTC trades onto CCPs will increase op risks
Moving OTC trades onto CCPs will increase op risks
OpRisk North America: US foreclosure crisis highlights boundary risks
US foreclosure crisis highlights boundary risks
JWG risk data survey shows firms slow to respond to regulation
Survey from London-based think tank shows firms not yet ready to meet the data challenge posed by new financial regulation
Proprietary code thieves sentenced in US
Former Société Générale trader Samarth Agrawal and former Goldman Sachs programmer Sergei Aleynikov have been sentenced
Sovereign debt managers criticise ban on naked CDSs
Sovereign debt managers criticise ban on naked credit default swaps
$10 million identity fraud ring smashed by US authorities
Schemes involved staff from 11 high-profile US banks
SFO under pressure over Kaupthing investigation
Two arrested amid investigation into Kaupthing collapse say raids were a publicity stunt
FSA denies CDO insider-trading crackdown
Regulator says investigations into certain market groups do not represent a CDO insider-trading initiative
UK FSA hits FX broker with £85,750 fine
Regulator says ActivTrades failed to properly segregate clients' funds from its own
UBS faces investigations over Libor manipulation
Has received subpoenas from several international authorities
SEC charges hedge fund managers with abusing client assets
New York SEC director says two managers “violated the most fundamental duties of an investment adviser"
Regulators may keep it simple for Sifi selection
Regulators may keep the rules simple for Sifi selection process
LCH.Clearnet confirms FX options clearing for 2011
Annual results confirm significant investment in developing clearing services for FX options
Soft commodities are 'a better story than metals and gold'
Known for their high volatility and extreme sensitivity to natural and geopolitical factors, soft commodities are nonetheless being added to the mix of structured products on offer
People moves
Equities team reshuffle at Morgan Stanley
UK-Netherlands electricity cable starts commercial operations
BritNed is the first electricity interconnector between the two countries and has a capacity of 1000MW which can flow in either direction depending on relative supply and demand.
Portuguese deficit, Irish stress tests weigh on CDS spreads
Spreads are jolted following Portuguese deficit revision, and expectations of a new round of bank recapitalisation in Ireland