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Mind the gap

UK mortgage lenders are grappling with Basel II. But there are still concerns about a credit risk management gap between the large and small lenders.

Sponsor's article > Credit risk catches up

When Basel II was first proposed in 1999, credit risk models lagged way behind market risk models. But that's changed, which means we need less prescriptive rules for determining credit risk capital.

Westpac expands foreign exchange sales

Dorene Mallon has joined Westpac in New York today as a senior vice-president in institutional foreign exchange sales. She reports to David Beale, global head of institutional sales at the Australian bank in London.

Burns named president of MR3 Systems

San Francisco-based technology company MR3 Systems has appointed John Burns, an ex-Barclays Metals managing director of derivatives finance, as its president.

Emisphere recruits chief financial officer

New York-based biopharmaceutical company Emisphere Technologies has hired former Ernst and Young derivatives specialist Elliot Maza as chief financial officer. He will be responsible for leading the company's effort in financial operations, planning and…

Patience pays off

Platinum Capital Management has launched a new distressed debt fund after a long process of analytical research

Japan comes of age

As the economic climate changes in the Land of the Rising Sun, hedge funds are rapidly expanding to become a high-profile investment option

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