News
Credit watch
In this month’s analysis of energy firms’ credit quality via Riskmetrics’ CreditGrades tool, Williams and El Paso are among those with tighter spreads
BIS report highlights asset managers' role in inefficient markets
The structure of incentive schemes may limit the ability or willingness of institutional asset managers to act as a natural counterbalance to mispricing, according to the Committee on the Global Financial System (CGFS) – a G-10 central bank forum that…
IMF study shows Basel weaknesses in offshore centres
Many offshore centres have weaknesses in the on- and off-site supervision of their banking systems, as well as "less material weaknesses" in their credit supervision and market risk, according to a study by the International Monetary Fund (IMF).
Sector roundup
Sectors
Schering chooses Trema’s 'Finance Kit'
German pharmaceutical, Schering, has chosen Stockholm-based financial services vendor Trema’s flagship product Finance Kit for its treasury and asset management operations.
RiskMetrics acquires on-line technology from JP Morgan Chase Private Banking
New York-based risk technology vendor RiskMetrics has acquired Arrakis, the technology platform developed by JP Morgan’s Private Banking Group in 1999 to support the bank’s online site for clients, Morgan OnLine.
UBS Warburg hires structured products director in Hong Kong
UBS Warburg has hired Sheree Ma as a director in its structured products distribution group in Hong Kong. Ma was formerly a vice-president in JP Morgan Chase’s structuring and solutions group for Asia ex-Japan.
Eurex achieves another record-breaking month
Eurex, the international derivatives exchange, has reported record-breaking volumes for March 2003. More than 106 million contracts were traded last month, an increase of almost 20 million over the previous monthly high, set in October 2002. Year-on-year…
Korea opens retail market
New angles
Taiwan ABS market off to a quick start
New angles
S&P and RDB launch SME CreditModel in Japan
Standard and Poor's (S&P) Risk Solutions and the Risk Data Bank of Japan (RDB), a credit risk data provider, have launched a new advanced default probability model that assesses the creditworthiness of small and medium-sized (SME) Japanese enterprises.
Tech glitch strikes CLS
The failed settlement of more than 20,000 Australian dollar and yen trades on the continuous-linked settlement (CLS) service last week was caused by multiple technical faults, senior CLS officials said.
S&P and RDB launch SME CreditModel in Japan
Standard and Poor’s (S&P) Risk Solutions and the Risk Data Bank of Japan (RDB), a credit risk data provider, have launched a new advanced default probability model that assesses the creditworthiness of small and medium-sized (SME) Japanese enterprises.
State Street expands foreign exchange options capability
Boston-headquartered State Street plans to expand its foreign exchange options business to better serve the needs of its clients, naming Hank Lynch as head of global foreign exchange options – a newly created position.
BIS report highlights asset managers’ role in inefficient markets
The structure of incentive schemes may limit the ability or willingness of institutional asset managers to act as a natural counterbalance to mispricing, according to the Committee on the Global Financial System (CGFS) – a G-10 central bank forum that…
SEC announces details of hedge fund forum
The Securities and Exchange Commission (SEC), a US financial regulatory authority, plans to hold a hedge fund round table on May 14 and 15 to debate whether such funds negatively affect public investors.
Fitch Risk launches Credit Rating System
CreditVantage, the credit risk management division of Fitch Risk, has launched Credit Rating System (CRS), a suite of credit rating products designed to assist banks in implementing industry best practices in their credit analysis and capital allocation…
No change to retail hedge fund regulations, says FSA
The Financial Services Authority (FSA), the main UK financial services regulator, has said it will not change regulations relating to the marketing and distribution of hedge funds to retail investors in the UK.