People
Working towards success
Clare Flynn is one of the leading women in the hedge fund industry, Cate Rocchi finds out why...
Funds of funds' popularity bubble grows
A recent study suggests that an array of firms are rushing to invest in hedge funds via funds of funds
Now, here's the badnews...
In anticipation of Jacob Schmidt's report 'Worst Performing Hedge Funds', Cate Rocchi looks at the market and who are the worst offenders
The future of technology
Sophie Radnor speaks to Gavin Lavelle, president of Panorama at Sungard
Understanding sovereign risk
Cate Rocchi discovers why Ashmore Investment is candid about the success of its Russian Debt Portfolio
Trading chain solutions
Technological advances are helping the hedge fundindustry to rid its system of human error
AEP snaps up Enron's Nordic power team
Ohio-based utility American Electric Power (AEP) is set to enter the Nordic power market after its London-based European trading arm, AEP Energy Services, assumed operation of Enron's offices in Oslo and Stockholm.
Hungarian netting legislation welcomed by Isda
The International Swaps and Derivatives Association (Isda) today said it welcomed the implementation of Act CXX of 2001 on the Capital Markets (CMA), which provides legal certainty to the enforceability of close-out netting in Hungary. The CMA, passed by…
In search of clarity and focus
Greater precision is needed in defining operational risk, but the Basle regulators' latest thoughts are lost in generalities, says Jacques Pézier, in the final article of a three-part series.
Basel shortcomings: Danger lurks on the rocky road to Basel II
The Basel Accord proposals to define operational risk contain many fatal flaws, says Jacques Pézier. He argues that it would be better to focus management time on managing key risks than on developing op risk databases and measurement procedures.
Regulators want active dialogue on op risk
BASEL - Active dialogue between banks and their supervisors is the key to the continued development of approaches to managing operational risk, global banking regulators said in a much-delayed paper on op risk sound practices issued in December.
Approach with caution
Indicators of operational risk are not for the faint of heart, nor are they necessarily bearers of good news. But used properly and effectively, they can help businesses identify potential losses before they happen.
Sound practices paper gets positive response
Bankers generally responded positively to the guidance on sound practices for managing operational risk issued by global banking regulators in December.
Basel II sets the pace for operational risk reform
Basel II is set to come into play in 2005, bringing a host of opportunities for vendors along with the new framework for banking supervision. Andrew Partridge examines the potential and some of the challenges for the suppliers and users of financial…
The Basel Accord: A tough nut to crack
Crafting a capital charge for operational risk has proven to be a project fraught with controversy. International regulators’ first attempt raised the industry’s hackles. David Keefe reports on recent – and further expected – compromises by the Basel…
2002 the year ahead
Market overview
Also on the move...
People
Bondholders rights: the gloves are off
Restructuring
Utilities: Enron’s ripple effect
Cover story
Regulators want active dialogue on op risk
BASLE II UPDATE