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A step to Basel 1.5
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Another chance for enterprise-wide risk management
Are operational risk departments ready to take on the function of enterprise-wide risk management? Choongo Moonga reports
Fortis CRO Henrard joins management committee
Luc Henrard, chief risk officer at Fortis, has joined the Benelux bancassurer’s management committee.
Scherer appointed head of Deutsche think tank
Bernd Scherer, former head of Deutsche Asset Management’s investment solutions and overlay management group in Frankfurt, is taking up a new role as head of the firm’s quantitative strategies research centre in New York.
Koenig steps down from Prmia
David Koenig, chairman of the Professional Risk Managers' International Association (Prmia), has stepped down this week after three years in post.
SocGen opens Calgary office, launches Canadian energy-services partnership
SG Corporate & Investment Banking (SG CIB) has partnered with Calgary-based energy-sector investment dealer FirstEnergy Capital Corp to jointly offer energy-financing services to the firms’ Canadian clients. SG CIB, part of French bank Société Générale,…
Asia’s op risk quantification challenge
Asia’s regional regulators have mixed opinions when it comes to operational risk, finds Ellen Davis
A step up the ladder
Following Barclays' acquisition of Absa in July, the South African bank has decided to implement the advanced internal ratings-based approach to Basel II. Other banks have decided to follow suit. By Laurence Neville
Sponsor's article > Man Group Case Study: Examining External Loss Events for Operational Risk Assessments
Man Group plc is a leading global provider of alternative investment products and solutions, as well as one of the world’s largest futures brokers. In the sectors in which it is active, particularly hedge funds, operational risk is the chief danger the…
Fraenkel joins DrKW as head of commodities
Martin Fraenkel has joined Dresdner Kleinwort Wasserstein in London as global head of commodities.
Wachovia hires Litke as new head of market risk
Charlotte-based Wachovia has lured Adam Litke from Barclays to become its new head of market risk, based in New York.
Weather broker Parker leaves Fimat
Weather broker Dan Parker left brokerage Fimat in mid-October, having joined the company earlier this year. He says he is currently “on the sidelines”, considering his next move. Fimat declined to comment on Parker’s departure.
Looking to the future
Sweden's life insurance companies and occupational pension plans will radically change the way they discount their liabilities and stress test their portfolios under new rules being drafted by the country's top financial regulator.
Weather broker Parker leaves Fimat
Weather broker Dan Parker left brokerage Fimat in mid-October, having joined the company earlier this year. He says he is currently “on the sidelines”, considering his next move. Fimat declined to comment on Parker’s departure.
Gregory joins BarCap credit derivatives team
Jon Gregory has moved from BNP Paribas to Barclays Capital, where he will work as co-head of credit derivatives quantitative analysis.
New senior management for Barclays Global Investors
Barclays Global Investors has recruited several new senior managers as the firm grows and its previous head of equity investments resigns.
Deutsche Bank names new Middle East hedge fund sales chief
Deutsche Bank's hedge fund arm has appointed Mohammed Abdulmalik as its head of sales for the Middle East.
BNP Paribas’ Allorent to retire; Janbon and Gerardin promoted
BNP Paribas has restructured its senior management following the retirement of Bernard Allorent, global head of risks, and Philippe Blavier, head of corporate and investment banking.
More IT for MiFID
MiFID's success hinges on IT prospects, write Choongo Moonga and Phil Craig . But many in the industry are balking at the costs involved