Risk magazine
Winters named on UK Banking Commission
Former JP Morgan investment bank co-chief is one of five to decide on the future of UK banking
BIS position on OTC clearing eligibility at odds with EC
BIS top economist suggests all OTC derivatives could be standardised and sent to CCPs, but EC favours a more measured approach to determining clearing eligibility.
Data spikes pose problems for risk management
Recent crises have drummed home that banks need to calculate risk exposures in as close to real time as possible. To do that, risk managers need to process huge amounts of data, but current systems often lack the capability. How can banks address this…
Corporates should be forced onto central counterparties – BIS
Central counterparties are wrongly perceived as being more expensive than OTC transactions, says a leading economist.
Jain takes sole charge of Deutsche’s investment banking division
Cohrs' retirement leaves Jain in pole position to succeed Ackermann, say analysts.
First box-office futures contract approved for trading
CFTC lifts final barrier to film futures hedging, but trade may still be banned soon
EC derivatives consultation stops short of detail on corporate exemptions
Long-awaited derivatives proposals focus on standards for central counterparties that clear OTC derivatives.
EC proposes tough shorting rules but stalls on CDS ban
Shorting shares and bonds could be restricted or even banned under new EC proposals, but naked credit default swaps are safe for now.
Canada ponders best route to derivatives clearing
Dealers and regulators are in separate discussions on over-the-counter derivatives clearing.
Watch funding gaps, BIS warns Europe
European banks still have significant dollar funding gaps, leaving them vulnerable to foreign exchange shifts
Funding valuation – a clear and present future
In this roundtable, three leading swaps dealers discuss the changes in derivatives pricing – and in particular, the use of OIS as a discount rate for collateralised derivatives trades.
Risk.net parent Incisive Media wins 'Best Digital Publisher - Business'
At the annual Association of Online Publishers (AOP) dinner on June 10, Incisive Media won a major award for its efforts to deliver quality online content to its web-based communities.
FSA risk head to step down in 2011
Sally Dewar, the head of risk at the UK Financial Services Authority, will resign in May
Epperlein named as Nomura risk methodology head
Eduardo Epperlein joins Nomura from Citigroup
US regulatory reform legislation nears 2,000 pages as conference begins
Democrats and Republicans spar in the first meeting of the two-week process.
EC accelerates consultation on beefed-up short-selling proposals
Under pressure from member states, the EC expects to adopt new short-selling rules by September.
Protection on long-term deflation hits highest levels since 2008
Hedge funds seeking protection against deflation and dealer hedging of residual short floor positions are cited as the reasons for a rise in prices on euro zero-coupon inflation options.
Inflation head leaves Deutsche Bank
Options trader also moves on
Iosco names new technical head
Dutch regulator Hans Hoogervorst will take the chair of Iosco's technical committee this week.
European derivatives draft to be published for consultation within days
EC derivatives legislation set to be far more detailed than US financial reform bills, and open to industry comment before final adoption.
Daiwa names Kan head of derivatives structuring
The Japanese bank continues to build up its equity and derivatives operation in Hong Kong.
G-20 pursues systemically important banks, despite abandoning levy
Banks will still face new constraints as the G-20 continues with plans to prevent them from posing a systemic threat.
Funding valuation adjustments sponsored forum: A clear and present future
It is now generally accepted that banks should use a different pricing methodology depending on whether a derivatives trade is collateralised or non-collateralised. Specifically, dealers are now using overnight indexed swaps to discount the present value…