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Life's perilous journey

Guaranteed variable annuity products generate huge profits for US life insurers, but have left firms massively exposed to exotic equity risk. Some companies are now laying off risk via long-dated, highly structured hedges. Not everyone is convinced this…

SG names new research chief

SG has named Benoit Hubaud head of foreign exchange and interest rate strategy research, in addition to his previous responsibility as head of credit research.

Labour of love

Emerging markets have been a recurring theme in Charles Dallara's career. Now, as managing director of the Institute of International Finance, one of his key focuses is to strengthen crisis prevention in emerging market economies. By Alexander Campbell

Santander appoints new quants head

Banco Santander Central Hispano has hired François Friggit as head of quants, for interest rates and hybrid products at the bank’s headquarters in Madrid.

A different view on Basel II

Spain's banks are wary of jumping headlong into every aspect of the new capital Accord. But its fears appear justified, considering the country's risk profile. By Duncan Wood

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