People
The central bank of sterling volatility
Cover Story
From academia to practice
Review
Wachovia expands its fixed-income business
Bank profile
Regulation and economic capital spark debate
Risk Europe 2004
Job moves
People
A merging together
Credit indexes
New players tap Asian credit
New angles
Calming supervisory fears
Regulations
CGE Power falls as banks demand cash
CGE Power, the bank consortium formed to acquire distressed UK power assets, has withdrawn offers totalling around £3 billion on 12 plants and ceased trading after proposals to acquire two key power plants were rejected by lenders, according to a…
Covenants: crisis of confidence
Financial covenants that rely too heavily on ratios are just not sophisticated enough to predict the likelihood of default, argues Sarah Woo. Loan originators must learn a trick or two from their colleagues in portfolio management and develop…
Covenants: crisis of confidence
Financial covenants that rely too heavily on ratios are just not sophisticated enough to predict the likelihood of default, argues Sarah Woo. Loan originators must learn a trick or two from their colleagues in portfolio management and develop…
KWI hires SVP of operations
KWI, the London-based provider of trading and risk management software for the energy industry, today announced the appointment of Alan Somerville as senior vice president (SVP) of operations.
NumeriX hires BGM co-creator
NumeriX, the cross-asset derivatives pricing software vendor based in New York, has hired Dariusz Gatarek as director of quantitative research in its London office.
AIG to form cross-border op risk sub-group
The Basel Committee on Banking Supervision's Accord Implementation Group (AIG) will shortly form a sub-group to focus on cross-border op risk issues, according to several regulatory sources. Regulators and the industry are pressing for a greater role in…
HSBC goes on a hiring spree for its ABS group
HSBC has hired six people for its asset-backed securities (ABS) group in New York, as part of an ongoing effort to build this area of its business.
FOA close to releasing UK power trading guidelines
The UK Futures and Options Association (FOA) says it is close to releasing final drafts of guidelines on various areas of the UK power market. The problem areas identified by the FOA's Power Trading Forum (PTF) are reference pricing, credit risk…
New England revolution
Public pension plans
Bank One casualties emerge
The first casualties from JP Morgan Chase’s upcoming purchase of Bank One – due to complete on July 5 – emerged last week with the news that both the Chicago-based bank’s foreign exchange heads in London are leaving, according to RiskNews’ sister…
DrKW recruits corporate repo and collateral trader
Glenn Handley has joined German investment bank Dresdner Kleinwort Wasserstein from Barclays Capital to work within the credit financing and collateral trading (CFCT) team, part of the short-term products and treasury group in London.
A Fine Spring
The UK’s Financial Services Authority is targeting banks that are lagging on their anti-money laundering efforts.
No More Fake IDs
As the economy recovers, financial firms are looking for technical advantages that increase top-line revenues as well as manage costs.
Lehman Brothers hires in credit derivatives sales
Lehman Brothers has poached Marco Di Prima from JP Morgan Chase as managing director responsible for German equity capital markets and European credit derivatives sales.
Bank of Montreal hires in credit
Bank of Montreal (BOM) has made a number of appointments in London to strengthen its credit platform.
Credit Suisse Asset Management snares head of quant resources
Credit Suisse Asset Management (CSAM) has hired Joseph Cherian from Bank of America's fund management business as managing director to head the new quantitative resources group in New York.