People
High-Grade Utilities
Credit awards 2002
Losses and lawsuits
LOSS DATABASE
Outsmarting rogue traders
ELECTRONIC CURRENCY TRADING
UK could require more op risk capital from insurance firms from 2004
INSURANCE REGULATION
A cost/benefit approach to Basel II
The cost of implementing Basel II could put banks at a competitive disadvantage compared with non-banks, and spur them to ‘de-bank’ to avoid this regulatory burden. Harry Stordel and Andrew Cross say regulators must look at the provisions from a cost…
The active manager
SG Asset Management’s Stéphane Farouze provides tailor-made capital guarantees for investment managers. After closing some of the biggest deals in Europe, now he is eyeing the US
Nine billion ways to be snowed
Emanuel Derman separates real tools from passing trends in the risk management vocabulary. This article is adapted from his talk on Future Innovations in Risk Management, presented at the April Risk 2002 Conference in Paris
Job moves
QUOTE OF THE MONTH: - “It is likely that doubt and a lack of market confidence will affect all energy trading for some time to come” Francis Hervé, chief executive of EDF Trading, the London-based trading subsidiary of Electricité de France (EDF),…
The benefits of Enron
Many corporations are keeping a low profile when it comes to their derivatives use. But when the Enron-related witch-hunts are over, companies may find that insurers and shareholders now view corporate hedging as a fiduciary duty
End-user rankings 2002
Survey
Hedge funds open in HK
New Angles
Soc Gen's Bouton heads IIF committee on Basel
The Institute of International Finance (IIF), a Washington-based banking organistion, has appointed Daniel Bouton, chairman and chief executive of Société Générale, as the chairman of its steering committee on regulatory capital.
HSBC boosts HK derivatives team
HSBC has bolstered its structured derivatives team in Asia with the appointment of Ka Lok Chau from Crédit Agricole Indosuez in Hong Kong. Chau will focus on product development and pricing models, according to John Flint, head of regional fixed-income…
Crédit Lyonnais set to offer prime brokerage in Asia-Pacific
CLSA, the emerging markets arm of French bank Crédit Lyonnais, plans to offer prime brokerage services in the Asia-Pacific region to cater for an anticipated growth of the hedge fund market in the region, according to Sheldon Lee, CLSA head of hedge fund…
Ethical rules needed to boost energy sector
Energy companies in the US and Europe should work together to establish rules for ethical behaviour to restore confidence in the energy sector and boost the liberalisation process, according to Janine McArdle, managing director of Aquila Europe.
Creditex hires European senior marketer
Online credit derivatives broker Creditex has expanded its European team by hiring David Eline as a senior marketer for Europe. In his new position he reports to Brad McKinnon, head of Creditex's London office.
DrKW hires Kalimtgis to head new credit risk team
Dresdner Kleinwort Wasserstein (DrKW) has hired Evan Kalimtgis to head its new credit portfolio strategy group, which will optimise credit portfolio exposure on behalf of DrKW and its clients.
CDC Ixis’ new weather desk targets French clients
CDC Ixis Capital Markets has set up a Paris-based weather derivatives desk that will solely target French clients. The French bank will target the energy, construction, tourism and agriculture sectors.
StanChart boosts FX derivatives team
Standard Chartered has bolstered its Hong Kong-based foreign exchange and derivatives group by hiring Christopher de la Hoyde and John Tan.
ABN Amro adds to European forex team
ABN Amro has hired Eric Murciano to its institutional foreign exchange sales team. He will be responsible for the Dutch bank’s foreign exchange sales - including options - to French financial institutions.
Lehman boosts fixed-income team in Tokyo
Lehman Brothers has made two new hires to its fixed-income derivatives team in Tokyo. The US investment bank named Jeremy Martin as head swap trader, and Atsushi Ikeno as senior structurer and marketer. They both report to Satu Parikh, Lehman's head of…
Deutsche builds emerging market structured products group
Deutsche Bank has hired Hugo Faria to co-head its emerging market structured products area for the Americas. Faria will head the 14-person Latin America team, which develops products for credit, foreign exchange, commodities and interest rate risks.
BofA hires four to European fixed-income division
Banc of America Securities has hired Mitchell Lench, Andrew Panteli, John Oei and Jules Putterman to its European fixed-income division.