Risk magazine
Default dilemmas
Basel II
A dangerous idea
Encouraging and supporting sound internal risk management has become an important aspect of effective financial regulation. Imposing a regulatory capital charge for stress-test losses would undermine this important objective, argues David Rowe
Saving for a rainy day
Liquidity Risk
A growing gap
More and more dealers are entering the hedge fund derivatives market, and ever more complex structures are being launched. But while the fund-linked derivatives market has grown strongly, there is little consensus on the best way to manage the risks…
Subprime's silver lining
Ian Hawkins, President of Invicta
Ice to form London-based clearing house
The Atlanta-based Intercontinental Exchange (Ice) plans to set up a European clearing house based in London.
Icap launches A$/NZ$ electronic trading
Interdealer broker Icap launched electronic trading in the Australian dollar-New Zealand dollar currency pair on April 30 on its global EBS foreign exchange trading platform.
Dresdner Kleinwort continues to hire in hedge fund drive
Roberto Morelli has joined Dresdner Kleinwort as head of hedge fund sales for equities into Europe, as part of a recruitment drive across asset classes aimed at attracting more hedge fund business.
Deutsche Börse looking to marry Eurex with ISE
Deutsche Börse is in advanced negotiations with the New York-based International Securities Exchange (ISE), which could lead to the Frankfurt exchange taking over ISE via its Eurex derivatives arm.
Network Rail begins inflation-linked debt push
UK rail operator Network Rail is issuing a 30-year index-linked bond - the first in a series that could total more than £6 billion.
Bank of England warns of liquidity and credit risk problems
In its latest Financial Stability Report, released yesterday, the Bank of England said the UK financial system was still healthy, but warned that advances in financial engineering were exposing the system to the risk of a sudden decline in credit quality…
Credit Suisse hires in equities
Credit Suisse has made a number of new hires in equity derivatives globally, following the bank's formation of a London-based equity derivatives product management group.
Overley joins HSBC as head of structured fund origination
Kurt Overley has joined HSBC in New York as global head of origination for structured fund products.
JP Morgan adds manager to quantitative strategy
JP Morgan has launched a new synthetic quantitative strategy that gives investors exposure to the cyclicality and momentum in the commodity markets. However, in a twist to those structured products whose payouts are dependent on rules-based, quantitative…