Operational risk
London raises the bar...
As the London Stock Exchange says it will launch the Specialist Fund Market for hedge and other specialist funds, David Walker examines listing options
Getting strongly bullish about the prospects and future opportunities in the land of the bear
russia equity long/short
Regulatory compliance to transform market data
The introduction of the Markets in Financial Instruments Directive (Mifid) in the EU and the Regulation of National Market System (Reg NMS) in the US could increase the amount of market data published by 900%.
Clearing the way
The Futures and Options Association has called on UK power market participants to come forward to help develop the market's structure. Chris Cook proposes an enterprise model that aims to overcome the obstacles to co-operation
End-user forum
Energy procurement and price risk management is an increasingly vital function for energy intensive companies, from airlines and cement manufacturers to supermarket retailers. Roderick Bruce investigates the challenges facing such companies in Europe and…
Keeping the wheels turning
When confronted with business continuity issues, energy giant E.ON used to turn to a printed manual. Now it has introduced a constantly evolving system to deal with BCP challenges. Duncan Wood investigates
The data puddle challenge
The loss event taxonomies currently in use are inadequate. The worst problem is the lack of clarity with regard to the boundary conditions between risk event categories. Tara McLenaghen explores the issues
The forensic approach
PROFILE: SEBASTIAN FRITZ-MORGENTHAL
Brazil looks to controls
New legislation in Brazil on banking systems and controls has triggered a flood of sales from large accountancy firms and specialist service providers. John Rumsey looks at the new rules and how Brazilian banks are responding
Standing on the threshold
A 'one distribution fits all' approach is not the best option for op risk models. Carsten Steinhoff and Rainer Baule explain why a tailor-made model is therefore vital to the accuracy of loss distribution models
The risk information challenge: Bringing technology to bear
A roundtable discussion hosted by OpRisk&Compliance and sponsored by BearingPoint explored the difficulties around obtaining robust risk information and disseminating intelligence back into the organisation. Moderated by Ellen Davis
How operational risk protocols can forestall disaster
Could the subprime mortgage crisis – now estimated to have cost between $50 billion and $100 billion – be the opportunity that the discipline of operational risk has been waiting for?
Re-evaluating valuation
Subprime mortgage woes continue to send shudders through the markets. Rising delinquencies, rating downgrades and falling prices have left investors with huge losses on CDO of ABS investments. The losses have revealed discrepancies in the valuation of…
Moving to convergence
Risk Management
Foreign IPO slump is global phenomenon
London, Hong Kong also losing foreign investment, says study
CEIOPS anticipates Solvency II difficulties
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said it will struggle to meet the EU Commission’s demands for a factual report on the third quantitative impact study (QIS3) and a draft of the fourth study (QIS4) by…
Banca Italease restructures after €686 million losses on derivatives
Banca Italease is to reorganise its risk management and control processes following the announcement of a net loss of €686 million from its derivatives business.
FSA simplifies individual competence tests
The Markets in Financial Instruments Directive (Mifid) has prompted the Financial Services Authority (FSA), the UK’s industry regulator, to introduce a more straightforward competence regime.
OCC issues guidance on market risk capital rule
The Office of the Comptroller of the Currency (OCC) said that if trading assets and liabilities were worth more than $1 billion or constituted over 10% of total assets, then banks must comply with the market risk capital rule.