Risk magazine
A risky climate
Climate change
Pennies for a price
Equity derivatives
Sovereign remedy
The World Bank, the lender of last - and often first - resort for the poorer nations of the world, uses derivatives to hedge its own risk book much as any other bank would. But it has another important role in the risk business: acting as an intermediary…
Time of life
Longevity risk
From VAR to stress testing
Implementation of enterprise-wide VAR models in the 1990s was an important risk management advance, but it's time to rethink some fundamental aspects of how they were designed, argues David Rowe
A feast of futures
Associated British Foods is significantly exposed to commodity price fluctuations. Anna Gordon-Walker asks the company's finance team how it manages these diverse risks
Barclays Capital recruits compliance director
Barclays Capital has hired Ted Morris in London as a compliance director with responsibility for its UK and European commodities businesses.
FSA and Iosco eye hedge fund fraud
The UK’s Financial Services Authority (FSA) has outlined its plans to clamp down on hedge fund fraud.
Laughlin moves to head RBS Asian real estate
Morgan Laughlin has moved from Deutsche Bank to the Royal Bank of Scotland, where he will act as head of real estate finance for the Asia Pacific region.
Algo trading to double, says Eurex
"The rise in activity of algorithmic traders is impressive, and it’s changing the nature of electronic trading,” said Andreas Preuss, chief executive of Eurex, a Frankfurt-based futures and options exchange that is jointly operated by Deutsche Börse and…
NASD and NYSE to merge self-regulatory operations
The two US private-sector securities dealers are to merge, bringing the entire securities industry under the oversight of one body.
Dura auction breaks new ground
The bankruptcy of yet another US auto parts manufacturer, Dura Operating Corp, has led to another first for the settlement of credit derivatives trades.
Clearing houses may face greater competition
David Hardy, former chief executive of London-based clearing house LCH.Clearnet, warned that clearing houses may face greater competition if they don’t lower fees and provide more services. Speaking to RiskNews at the Futures and Options Expo in Chicago,…
ISE publishes rates for FX options launch
The International Securities Exchange (ISE), a New York-based electronic equity options exchange, has began publishing the underlying rates for foreign currency options product, ISE FX options.