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SG reshuffles Asian energy risk management team
SG, the corporate and investment banking arm of French bank Société Générale, has made changes to its energy risk management team in Singapore.
State St to launch FX fund in fourth quarter
State Street Global Advisors (SSgA), the investment management arm of State Street, is set to launch a currency fund in the fourth quarter as part of its newly created hedge fund strategies group, a senior official at the firm told RiskNews’ sister…
Risk transparency without position transparency
When high-profile blow-ups hit the headlines, calls for greater transparency come to the fore. By Peter Davies, vice-chairman, RiskMetrics Group
Escoffier outlines SG’s UK expansion plans
David Escoffier, French investment bank SG’s newly appointed head of equity derivatives for the UK and northern Europe, has outlined his plans for the bank’s British expansion, including selling more structured products.
Rothschild enters “under-banked” oil risk sector
Rothschild has entered the oil risk management sector, offering over-the-counter risk management products worldwide across all oil commodities to oil producers, consumers and utilities.
Signs are good for IAS 39 final preparations
IAS 39 is still being finalised, but bank asset and liability managers are already putting in place systems and procedures to make sure their businesses come up to scratch. John Ferry reports
The dilemmas of risk disclosure
Barry Schachter discovers that the path towards a workable structure for hedge fund quantitative risk disclosure is very narrow. Bad news for the post-LTCM lobbyists
Emerging markets raise concerns at World Bank meeting
The discretion to introduce more flexibility in calculating certainoperational risks under the alternative standard approach (ASA) wascautiously welcomed by developing country representatives present at theWorld Bank/International Monetary Fund’s seminar…
DrKW establishes equity derivatives prop trading desk
Dresdner Kleinwort Wasserstein (DrKW) has made several appointments to a new proprietary trading desk within its equity products group.
Fed to change supervision structure for Basel II
The Federal Reserve Bank of New York will change the way its supervisory departments are structured in order to implement Basel II, William Rutledge, executive vice president of the banking supervision group and a member of the management committee at…
Sponsor's article > Basel backlash: the summer of discontent
Regulators in the United States have been voicing their concerns about Basel II for some time. But now banks elsewhere are also opposing some of the proposals.
The global standard
In this article on anti-money laundering, Dominic Nixon and Rohan Bedi of PricewaterhouseCoopers analyse the final changes to the Financial Action Task Force (FATF) 40 recommendations.
Global foreign exchange head leaves RBS
David White, global head of foreign exchange at Royal Bank of Scotland (RBS) in London left the bank on September 5, according a spokesperson for the bank in London. The spokesperson declined to comment on White's sudden departure after many years at the…
DrKW adds to New York sales effort
Dresdner Kleinwort Wasserstein (DrKW) has continued its sales build-up with four new hires to its team in New York this month, said a spokesperson for the bank.
ABN Amro shakes up forex division
ABN Amro’s current global head of foreign exchange options, Douglas Bongartz-Renaud, will transfer to a new role in the bank’s wholesale banking business as part of a reorganisation set to take place over the coming months, a source close to the bank…
Creating an op risk loss-collection framework
To meet the Basel II advanced measurement requirements and improve op risk management, firms must establish robust loss databases. Ulrich Anders and Jürgen Platz of Dresdner Bank in Frankfurt outline such a framework.
BarCap hires Passaretta in LatAm derivatives drive
Barclays Capital, the investment banking division of UK bank Barclays, has appointed Gianluca Passaretta as director and head of Latin America interest rate derivatives trading.
Does size matter?
A recent study compared returns relative to hedge fund portfolio size, offering interesting insight into the performance versus size debate