National Australia Bank (NAB)
Risk Australia Rankings 2009: The debt dividend
Following a major sell-off in the second half of last year, the antipodean financial markets are seeing significant inflows of foreign capital in 2009 due to the resilience of the Australian economy. Dealers are also profiting from derivatives activity…
Learning to Love Basel II
Introducing a major insurance element to operational risk management processes is a passion for National Australia Bank’s Ross Love.
RBS and NAB offer investors the chance to restrike
Royal Bank of Scotland (RBS) and National Australian Bank (NAB) have teamed up to offer a product called Re-Strike, which will give investors with non-performing investments the chance to reset capital. RBS is the issuer.
Eurozone sovereign CDS spreads widen amid continuing contagion fears
Widening continues on eurozone CDS spreads as Australian banks feel the pinch from the Greek debt crisis
A clear example
Op risk in Australia
Beyond the AMA
Management
NAB gets regulator’s nod to resume risk modelling
National Australia Bank (NAB) has received approval from the Australian Prudential Regulation Authority (Apra) to resume use of its internal model for the calculation of the market risk component of risk-weighted assets, the bank said in a statement…
National Australia Bank denies legal action against brokers
National Australia Bank (NAB) has denied reports that its is planning to take legal action against interdealer brokers BCG International and Icap for their roles in a foreign exchange trading scandal that was uncovered in January 2004. An NAB spokesman…
Australia sees 37% decline in forex OTC options, says Afma
Trading in over-the-counter foreign exchange options fell by more than a third over 12 months to the end-June this year, according to figures released by the Australian Financial Markets Association (Afma).
NAB gets green light on forex options
National Australia Bank (NAB) is set to reopen its foreign exchange options business on May 9, over 12 months after it was forced to close the desk in response to a derivatives trading scandal that enveloped the bank early last year.
Australia and Singapore lead Basel II implementation in Asia
Australia and Singapore’s banks are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a report released this week by Standard and Poor’s. But even banks operating in these countries face considerable challenges…
NAB gears up for forex options restart
National Australia Bank (NAB) has made two senior derivatives trading appointments in preparation for the future reopening of its forex options desk. The desk closed early last year following a trading scandal.
Ex-NAB traders to plea in March
The four traders at the heart of the A$360 million currency options scandal that rocked National Australia Bank (NAB) last year are to enter a plea at Melbourne Magistrates Court on March 22.
NAB forex derivatives rejig continues
National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.
NAB makes regulatory commitment
National Australia Bank (NAB) will submit a number of reports to the Australian Securities and Investments Commission (ASIC) as part of its efforts to repair the damage caused by the foreign exchange options scandal that enveloped the company earlier…
NAB makes regulatory commitment
National Australia Bank (NAB) will submit a number of reports to the Australian Securities and Investments Commission (ASIC) as part of its efforts to repair the damage caused by the foreign exchange options scandal that enveloped the company earlier…
NAB hires group risk chief
National Australia Bank (NAB) has appointed a new group chief risk officer as part of an ongoing drive to improve the company’s risk management practices.
NAB to reopen options desk
National Australia Bank (NAB) hopes to reopen its currency options desk in the "near term", said chairman Graham Kraehe last week, reports RiskNews' sister publication, FX Week .
The flight from NAB continues
The flood of departures from National Australia Bank (NAB) continued last week as three senior institutional dealers left the bank in London and New York, reports RiskNews’ sister publication FX Week .
National Australia Bank makes two appointments in Asia
National Australia Bank (NAB) has made two senior appointments in Asia. Matthew Blackwell arrives as head of structured products for Asia, and Shinya Fukumoto joins as director and head of capital markets, Japan.
Citigroup restaffs Singapore forex sales
Citigroup has hired new staff to fill a void in its Singapore foreign exchange institutional sales team after three employees defected to Barclays Capital.
Bank of Montreal hires in credit
Bank of Montreal (BOM) has made a number of appointments in London to strengthen its credit platform.
NAB's dissident director resigns
Catherine Walter, the National Australia Bank (NAB) director who criticised a report into the bank’s forex options trading scandal, resigned last week.