News
Iafe due to name Ingersoll as its financial engineer of the year
Jon Ingersoll is due to be named this year’s financial engineer of the year by the International Association of Financial Engineers (Iafe) within the next few days, according to a number of industry sources. Ingersoll is the Adrian C Israel professor of…
BofA develops new credit risk model
Bank of America is developing a sophisticated model that uses derivatives data to help asset managers get a better handle on credit risk within their portfolios.
Regulators call on banks to focus on cross-border e-banking risks
Banks need to integrate cross-border electronic banking risks into their overall risk management framework, the Basel Committee said in a paper released today.
CME to list futures on S&P SmallCap 600
The Chicago Mercantile Exchange (CME) will start to trade futures contracts on rating agency Standard & Poor’s (S&P) SmallCap 600 stock index from November 11.
International banks step-up German fixed-income derivatives coverage
Deregulation of the German insurance market is attracting the world's top investment banks to expand fixed-income derivatives operations in Frankfurt.
JP Morgan Chase snatches Asia Risk’s house of the year award
JP Morgan Chase has won RiskNews ' sister publication Asia Risk 's derivatives house of the year award, while also picking up its prize for credit derivatives house of the year – an accolade it has held since the magazine began publishing its awards…
Kiodex releases upgrade of Risk Workbench system
Kiodex, the US risk management technology company, has released an upgraded version of its Kiodex Risk Workbench platform, with enhanced back-office functionality and counterparty credit exposure information.
Imagine shifts towards buy side
New York-based Imagine Software is adding the buy side to its business portfolio. Ray Krastins, Imagine’s director of application service provision (ASP) sales and marketing, told sister publication Buy Side IT that demand for the large enterprise-type…
Prebon Yamane snares rival's forwards brokers
Inter-dealer broker Prebon Marshall Yamane in London has hired a team of three currency forwards brokers from rival RP Martins.
Canadian pensions' use of derivatives rises
Fifty-two percent of Canadian pension funds now use derivatives as part of their investment strategies, up from 49% a year ago and 38% four years ago, according to a survey of 264 funds by Greenwich Associates, a Greenwich, Connecticut-based consulting…
CitiFx risk advisory group names new member
Jessica James has joined the investor team of CitiFX in London's risk advisory group. She reports to Laurent Desbois, head of risk advisory.
Basel to adopt flexible approach to point-in-time and business cycle ratings
NEW YORK - The Basel Committee on Banking Supervision, the architect of the Basel II capital Accord, will adopt a flexible approach to point-in-time and business cycle credit ratings used by banks when reviewing advanced internal-rating based approaches.
JP Morgan Chase in major ramp-up of portfolio management technology
JP Morgan Chase has assigned the largest chunk of its IT budget for the next two years to overhauling its portfolio management infrastructure, according to the US bank’s head of portfolio management Blythe Masters.
Basel to adopt flexible approach to point-in-time and business cycle ratings
The Basel Committee on Banking Supervision, the architect of the Basel II capital Accord, will adopt a flexible approach to point-in-time and business cycle credit ratings used by banks when reviewing advanced internal-rating based approaches.
Japan CDS market calms down ahead of holiday
The Japanese credit default swaps (CDS) market ended the week quietly, with wider spreads reflecting general apathy as participants prepare to take a break for the three-day weekend, dealers said.
Barclays Capital strengthens high-grade credit derivatives trading team
Barclays Capital, the investment banking division of Barclays, has appointed Spencer Jesner and James Parascandola to the firm's high-grade credit derivatives trading team. Jesner joins as a director and head of the US credit default swap trading team,…
UBS Asset Management appoints head of Asia-Pacific
UBS Asset Management has appointed Kai Sotorp as head of Asia-Pacific, overseeing all aspects of the firm's business in the region.
Protection spreads on European bank debt begin to narrow
The cost of credit protection for European banks started to contract this morning following a week of unprecedented spread widening across the sector.
Release of asset securitisation paper delayed again
BASEL – Global banking regulators have delayed the issue of their working paper on the treatment of asset securitisation under the complex Basel II bank capital until late next week.
Release of Basel II asset securitisation paper delayed again
Global banking regulators have delayed the issue of their working paper on the treatment of asset securitisation under the complex Basel II bank capital Accord until late next week.
Economist and psychologist share Nobel Prize for Economics
Daniel Kahneman, a psychologist at Princeton University, and Vernon Smith, an economist at George Mason University in Virginia, will share this year’s Nobel Prize for Economics. Both have done pioneering research into how real-world risk preferences…
Fimat Futures bulks-up commodities business in Hong Kong
In anticipation of an activity surge in commodity derivatives trading by Hong Kong investors, the Hong Kong arm of international brokerage firm Fimat plans to establish a dedicated commodity trading desk by the end of the year, according to Emmanuel…
Eubank punches for Risk Waters Group's World Trade Center fund
Fancy a pair of boxing gloves signed by former world middleweight champion Chris Eubank? Then put in your bid with a call to Drew Stephens, chief operating officer atSpectron Group, the London energy broker, on 44 207 074 0799.
Peter Davies joins RiskMetrics
Peter Davies, one of the leading developers of risk management systems over the past decade, has re-emerged after a summer break in a new position as vice-chairman of RiskMetrics, the New York based risk advisory firm.