People
Summe replaces Jelich as Isda general counsel
The International Swaps and Derivatives Association (Isda) has promoted Kimberly Summe to be its general counsel, effective from September 10, replacing Emily Jelich. Isda said Jelich, who only took up the role three months ago, was leaving for “personal…
Hohl moves to BIS to promote Basel in Asia
Stefan Hohl, the Bundesbank’s head of internal risk management, has moved to the Bank for International Settlements (BIS) to promote the new Basel Capital Accord in Asia.
Icap buys out Prebon's stake in spot FX venture
Cash-rich UK inter-dealer broker Icap has bought out the 52% stake it did not already own in a spot FX joint venture with rival Prebon Yamane for £6.2 million.
Why an Op Risk capital charge is dangerous and won’t work
The operational risk capital charge proposed under the Basel II banking accord is fundamentally flawed, and could have unintended and highly undesirable consequences, argues Karen Shaw Petrou.
A call to action for Op Risk insurers
Insurance companies must not waste time now the Basel II regulators have shown an amber light to operational risk insurance, say Roland Avery and Daniel Butler.
A Call To Action For Op Risk Insurers
BASLE II UPDATE
Does Outsourcing Reduce Op Risk?
OUTSOURCING
Why An Op Risk Capital Charge Is Dangerous And Won’t Work
BASLE II UPDATE
Elimination Of A Major Op Risk In Currency Markets Looms
SETTLEMENT RISK
Changing of the guard at FpML.org board
A number of changeovers have taken place on the board of FpML.org, the non-profit organisation developing an XML- (extensible mark-up language) based standard for OTC derivatives trading.
Bear Stearns boosts European marketing effort
Bear Stearns International has poached two derivatives marketers from rivals BNP Paribas and Citigroup to build its European derivatives marketing effort.
OCC appoints two new directors
The US Options Clearing Corporation (OCC), the not-for-profit central US derivatives clearing organistion, has appointed Bear Stearns' Richard Lindsey and Charles Schwab's Stanley Lauchner to its board of directors.
Prudential Securities hires futures head
New York-based Prudential Securities has made Alex Ladouceur its head of global futures, foreign exchange and metals – a newly created role. Ladouceur will drive all the company’s futures division operating activities, including sales and trading,…
ICE promotes sales and marketing staff
IntercontinetalExchange (ICE), which has bought London's International Petroleum Exchange, has promoted a number of its sales and marketing staff to manage the growth in business during the past 10 months, the company said.
Shopping around
Investment companies are increasingly finding London a viable and attractive option to obtain a listing
Insurers get amber light with some green
BASEL - Global banking regulators have signalled they might agree to a role for operational risk insurance in the Basel II bank capital accord.
Beyond Basel II - operational risk management comes of age
Integrated, enterprise-wide, operational risk management can offer much more than just regulatory compliance.
UK lags Europe for Basel II implementation
BRUSSELS - The UK financial services sector lags most of Europe in its state of preparedness for the implementation of the proposed new Basel capital accord for internationally active banks, dubbed Basel II, according to research by professional services…