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Enterprise-wide risk management: Knitting together bank risks
Thanks to recent events, bank risk managers are placing more emphasis on integrating counterparty and credit risk into other portions of their enterprise-wide risk management systems.
Weinstein resurfaces at Cantor
Bernie Weinstein, former president of Thomson Financial’s sales and trading group, will become a senior managing director at inter-dealer broker Cantor Fitzgerald on January 1, overseeing Cantor Market Data (CMD) and eSpeed’s Software Solutions business.
Julius Baer launches emerging forex desk
Swiss financial institution Bank Julius Baer has launched an emerging markets FX desk in New York with the hire of two traders from Greenwich-based AIG Trading.
Credit and credibility
Credit risk modellers have made giant strides, but they still have to convince regulators that they can make the world a safer place.
Hong Kong banks lagging in preparation for Basel II
Hong Kong's banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Hong Kong banks lagging in preparation for Basel II
Hong Kong’s banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Forward Freight Agreement Brokers' Association elects new chairman
The Forward Freight Agreement Brokers' Association (FFABA) has elected Philippe van den Abeele, a broker and managing director of London shipbrokers, Clarksons, as its new chairman.
ORX database expected early next year
LONDON - The operational risk loss database run by the Operational Riskdata eXchange Association (ORX), a consortium formed by 12 international banks to pool their op risk data confidentially, is expected to begin operating around the start of February,…
Asset class no longer acting like bonds following July lows
After a turbulent year, fund managers are encouraged by signs of normality outside the US
On the move
With forward planning and the help of a property consultant, moving office can be a hassle-free experience
The nextgeneration
Research suggests performance from new funds compares favourably with their seasoned counterparts, but how do investors go about spotting emerging talent?
Cad 3 - Against their will [full story]
Europe's asset management industry is chiding Brussels bureaucrats for trying to bury it under a mountain of Basel-inspired regulation, which could boost costs and capital charges.
Small firms welcome EU proposals
BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.
Commission highlights weak points of op risk insurance
BRUSSELS - The European Commission highlighted in November major drawbacks to the use of operational risk insurance to reduce op risk capital charges, despite its readiness to explore a wider use of insurance than that proposed in the Basel II bank…
Bear Stearns loses global fixed-income and derivatives head
Sean Hamidi, global head of fixed-income and derivatives at Bear Stearns in London, has left the bank and not been replaced, an official told RiskNews ' sister publication FX Week .
COR sets sights on building North America business
COR Risk Solutions, a London-based portfolioanalytics software company, has hired ReneRobillard as business development director for North America – a newly created post.
Prebon reorganises derivatives business
UK-based inter-dealer broker Prebon Marshall Yamane has reorganised its cash forwards and derivatives businesses in London. Rob Osborne, formerly manager of the dollar off-balance-sheet desk, takes the newly created role of divisional managing director…