Risk magazine
Nine hires boost Credit Suisse's Asia fixed-income team
Credit Suisse has hired nine directors in sales and trading for its Asia-Pacific fixed-income business.
Industry responds to EC derivatives proposals
Three industry bodies have offered overall support for the European Commission's proposals for derivatives markets, but opposed measures they claim could be detrimental to over-the-counter trading.
Sponsored statement: Using collateral management to address credit risk issues
Omgeo outlines the challenges being faced by collateral managers since the collapse of Lehman Brothers 12 months ago, and how these challenges to standardisation and automation can bring the collateralising community together
Sponsored statement: Growth in complex times
Continuing our focus on derivatives collateral management, this month we talk to Mark Higgins and Scott Linden from BNY Mellon, about the latest initiatives around derivatives collateral management and their vision for the future of the market
Sponsored statement: Liquidity management - an opportunity for action
Effective management of liquidity risk is more critical now than ever before. The consequences of failure are not simply lower profits: they are far-reaching and highly destructive. Firms are under increasing pressure to identify early warning signs and…
New OTC markets regulation "could damage businesses"
Regulatory attempts to reduce systemic risk within the financial sector should not extend to non-financial sector companies, according to the London-based Association of Corporate Treasurers (ACT).
Financial CDS spreads stable
Market sentiment towards financials has been steady over the past week, with the cost of credit protection largely unchanged on US and European banks.
Problem banks rise to highest level since 1994
The list of problem banks maintained by the Federal Deposit Insurance Commission (FDIC) has soared to 416, the highest level since 1994.
Central bank insurance could prevent crises
Central banks should insure bank assets against systemic crises to avoid another financial panic, according to a proposal presented at the Federal Reserve's Jackson Hole symposium last week.
FDIC seeks feedback on SPV FASB accounting changes
US regulatory authorities are to consult financial institutions over impending changes to accounting principles that could bring billions of dollars in off-balance-sheet conduits and other vehicles back onto bank balance sheets, ramping up firms' capital…
Kroeker officially takes over SEC chief accountant role
James Kroeker has been appointed chief accountant at the US Securities and Exchange Commission (SEC), after having held the role on an interim basis since January.
Bernanke receives Obama approval for second term
US President Barack Obama has given his support to Ben Bernanke, the chairman of the Federal Reserve, for a second term as head of the regulator.
Denis Hughes to head New York Fed for rest of 2009
The board of governors of the US Federal Reserve System has chosen Denis Hughes to be chairman of the Federal Reserve Bank of New York for the remainder of 2009.
CLS: US-Canada forex settlement due in 2010
CLS Bank, the multi-currency cash settlement system provider, is aiming to settle same-day US dollar/Canadian dollar and US dollar/Mexican peso currency trades by the end of 2010, according to chief executive Rob Close.
Calmer markets reflected in VAR figures
Lower volatility across asset classes in the second quarter of the year produced lower value-at-risk figures at almost all major banks, according to a Risk survey.