PwC

New trading allegations hit El Paso

Allegations that Houston-based El Paso swapped power contracts with Morgan Stanley to avoid a restatement of earnings sent shares of the troubled energy company tumbling today.

FOA updates end-user derivatives guidelines

UK trade body the Futures and Options Association (FOA) yesterday launched updated guidelines for derivatives end-users, which take into account electronic trading and the past year’s big US corporate failures.

Asset managers run for cover

UK investment firms are facing increasing risk management pressures, thanks to new regulatory initiatives, legal challenges and a shift in operating environment. Coping will require a major investment in technology infrastructure – especially in the…

Balancing belief and science

Japan’s banks are protesting against Basel’s proposed operational risk capital charge. They claim their risk levels are much lower than those of banks from other countries, but there is little hard data available to back this claim up. Anthony Rowley…

Wrestling with Basel II

The revisions to the Basel Accord have enormous implications for Japan, a nation with a banking system still getting to grips with non-performing loans and the impact of mark-to market accounting rules. Anthony Rowley reports from Tokyo.

Credit derivatives in Asia need liquidity boost

Growth in activity of Asia’s credit derivatives business cannot be reached until Asian credit markets see deeper liquidity and higher turnovers in the secondary market, said a senior PricewaterhouseCoopers (PwC) consultant, speaking at a press conference…

Data trouble

Regulators insist that they want a capital charge on banks’ operational risks. But the plan rests on the ability of banks to collect data and model the risks involved, and there’s a frightening lack of agreement on how to do that.

Boom or bust for risk consultants

Basel capital reform should mean a lot more business for risk management consultants. But a shortage of the right specialists could prevent them from cashing in.

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