Africa
Jumbo Goldman 1MDB fine upends 2020 trend to lower losses
Financial fraud and fat fingers loom large, but annual top 10 op risk losses still show fewer fails. Data by ORX News
Don’t blame CCPs’ models for Covid margin spikes – WFE
Lobby group counters popular view that tools could ease procyclicality; puts focus on liquidity management
People news: Yarian leaves HSBC, Goldman’s Lemkau joins MSD Partners, and more
Latest job changes across the industry
FRTB implementation – Covid-19 and Libor pressure
Industry leaders discuss the pressures FRTB is placing on banks’ data infrastructure and systems, how FRTB may constrain banks’ ability to manage future volatility, and the potential complications to implementation caused by such factors as the Covid‑19…
Banks eye post-pandemic shake-up of op risk scenarios
Firms seek better handle on impact of global shocks, and hope to avert regulatory attention
Asia moves: JP Morgan names new Apac CEO, Axa hires six heads, and more
Latest job news across the industry
Top 10 operational risk losses of 2019
Fraud, embezzlement, tax evasion, subprime (still) and rogue trading – and Citi crops up twice. Data by ORX News
HSBC hires Credit Suisse European rates head
Olivier Herregods joins UK bank to run Emea flow rates
Loans to offshore centres surge
Total claims surpass pre-crisis peak
Credit data: a tough year for South African financials
Default risk rose steadily for 36 firms during Zuma’s final months of rule, writes Credit Benchmark’s David Carruthers
World Bank bets on compression for EM currencies
NY-based start-up LMRKTS gets backing to support illiquid markets
People: Noble shuffles board in wake of Elman exit
Shell swaps trading chiefs; ex-Dreyfus head joins Cofco; Glencore adds Aberdeen’s Gilbert to board
Start-up looks to break swaps clearing bottleneck
Sernova promises everything an FCM can do – apart from taking risk
Deal of the year: Republic of Senegal / SG CIB / MIGA
Loan insurance from arm of World Bank helped cut CVA and KVA on a $250m cross-currency swap
Emerging markets dealer of the year: Standard Bank
South African dealer reaping rewards of local market knowledge and international reach
Direct Energy CFO sees change as the only constant
Andrew Sunderman reflects on three decades of industry transformation
A solid foundation for continuing growth
Sponsored Q&A: Barclays Africa
Custody Risk Summer 2014
Editor's comment - People power
Regulation greatest barrier to African derivatives exchanges
Technology shortfalls and lack of liquidity compound challenges
Mena brightspot for fund flows
Funds of hedge funds, India and commodities strategies see redemptions but Mena focuses attract flows
Custody Risk December 2013
Editor's comment
Meeting the challenge of bribery and corruption in Africa
Andrew Legg, senior litigation partner at global law firm Eversheds, examines the challenges businesses can face when navigating the issue of bribery in Africa and calls on the experiences of organisations already tackling the issue at the sharp end
Sovereign hedging picks up as developing countries end fuel subsidies
A push to eliminate fuel subsidies across much of Africa, the Middle East and Asia is raising interest in the use of commodity hedging by governments as a way of containing social unrest. But it remains a challenge to get sovereign commodity hedging…