People
The impact of the dollar dive
foreign exchange
Introducing CCOs
product launch
Innovation and integration
Profile
Pioneer A Tale of Two Funds
Profile
Designs for opportunity
The risk architect
Balancing currency and credit risk
Contingency swaps
Job moves
People
The FSA’s quest for respect
Regulation
BoA makes London rates hire
Bank of America (BoA) has hired Nicholas Dechosal, former head of derivatives, short-term interest rates and forwards trading at Rabobank Utrecht, in London.
Why Coso is flawed
Coso not only fails to help a firm assess its risks, it actually obfuscates the risk assessment process. By Ali Samad-Khan
Emerging markets failing to plug into AMA
Many financial institutions in emerging markets are struggling with the demands of modern risk management. And difficulties with AMA aren’t helping. By Choongo Moonga
JP Morgan's Daniels Webster to retire
JP Morgan Chase’s global head of market risk and fiduciary risk management, Lesley Daniels Webster, is to retire in February.
BNP Paribas reorganises fixed-income business
BNP Paribas is set to reorganise its fixed-income business by splitting its marketing and trading activities. The new set-up replaces a structure where the division was split into three areas: foreign exchange, interest rates and credit.
Collins Stewart merges G-7 currency options desks
Collins Stewart Tullett has merged the Group of Seven currency options desks of its Tullett Liberty and Prebon Yamane subsidiaries in London and Asia.
NAB forex derivatives rejig continues
National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.
German banks get to grips with a new lending reality
Removal of state guarantees and pressure from shareholders for better returns means German banks can no longer churn out uneconomically priced loans to clients. Now they are starting to introduce sophisticated loan pricing systems, writes Duncan Wood
Fitch/Algorithmics deal analysis
New York-based global ratings and risk management specialist Fitch Group has acquired Toronto-based enterprise risk management software supplier Algorithmics for $175 million.
A wrong-way bet
China Aviation Oil (CAO) revealed in late November that it had lost $550 million through trading oil derivatives – but not before its Chinese parent sold $108 million in CAO shares. By Nick Sawyer, with additional reporting by Jill Wong
The importance of ALM
The crossfire between the International Accounting Standards Board and the European Commission seems to have left corporates bewildered about the implications of IAS 39. Risk talks to leading advisory groups and corporates about the challenges ahead, and…
Citibank cut out
The suspension of Citibank’s private banking business by the Financial Services Agency in September has brought to light a catalogue of internal control and governance failures within the bank’s Japanese operations. And with Citi now cut out of the…
Mind your behaviour
Hedge fund managers are becoming interested in behavioural theory, anincreasingly influential branch of economics that describes the role of intuitivebias in investment decision-making. According to one finance professor,behaviouralism provides valuable…