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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. By Matthew Crabbe
What’s next for the exchanges?
Derivatives exchanges are wrestling with consolidation, new products and technology. John Ferry asks Rudolf Ferscha, chief executive of Eurex, Hugh Freedberg, chief executive of Euronext.Liffe and Nickolas Neubauer, chairman of the CBOT, to peer into the…
Listeds building
The over-the-counter market’s pace of development since the late 1980s has been astonishing, but a similar tale of growth, innovation and controversy can be told of the listed products markets. John Ferry looks at the major trends at the futures and…
RiskNews review
The leading stories from RiskNews. For breaking news on derivatives and risk management, see www.RiskNews.net
Green light for securities firms
New angles
Cleaning up the system
Compliance
Lazard Asset Management appoints ex derivatives strategist head of fixed income
Lazard Asset Management has appointed Steven Blitz as head of global fixed income. He joins from wealth management group Offitbank and was previously a derivatives product strategist at Salomon Brothers.
Daniel Roth steps up to become NFA president
Daniel Roth has been named as the new president and chief executive of the Chicago-based National Futures Association (NFA), effective January 1, 2003. He replaces Robert Wilmouth, NFA's president since its inception in 1982. Wilmouth will remain at the…
Leader of WorldCom investigation to leave SEC
William Baker - one of the leading enforcement investigators at the Securities and Exchange Commision (SEC) – is to leave the US agency’s enforcement division.
Dongwon Securities poaches JP Morgan Chase banker
South Korea’s Dongwon Securities has hired BJ Kim, an ex-JP Morgan Chase banker, as executive vice-president to boost the firm’s over-the-counter derivatives capabilities. Previously, Kim was head of credit markets at JP Morgan Chase in Seoul.
Ice addresses energy trading market concerns with two new hires
Atlanta-based online commodities exchange IntercontinentalExchange (Ice), has appointed two new directors as part of its plans to address concerns about the health and legitimacy of the energy trading markets. Ann Cresce has been appointed assistant…
UK opposed to allowing wider op risk insurance role in European capital rules
UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
US domestic politics have dominated equities sector
Potential removal of double taxation paid on dividends gives hope to US investors.
Macro magic
Permal's global macro strategy has worked wonders for its FX, Financials and Futures fund.
US interest rate moves increases market activity
Managers are moving to take advantage of the current FX climate.
Lawyers investigate following collapse of Beacon Hill funds
european investors examining possible civil action against us group
Telent spotting
A manager's long-only track record may not be enough to go by when it comes to managing long/short hedge funds. So what are the key things you should be looking out for?
Gartmore plans retail fund of hedge fund for early 2003
MORE HEDGE PLANS IN THE PIPELINE FOLLOWING RIVERVIEW ACQUISITION