Risk magazine
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Accounting
Dealers work to meet deadlines
New angles
Weapons for mass construction
Supranationals
New auction to solve settlement woes
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Delphi default prompts CDO shake-up
New angles
IAIS focuses on risk transfer
New angles
Beyond long only
Hedge funds
CCB joins EBS currency trading platform
China Construction Bank (CCB) has signed up as a customer of the currency trading platform EBS.
Isda rejects call for more hedge fund oversight
The International Swaps and Derivatives Association today protested against calls from UK authorities for closer oversight of hedge funds, saying the market could be trusted to manage its own risk.
Isda amends Delphi index protocol
The International Swaps and Derivatives Association has amended the Delphi credit default swap index protocol, which was opened and closed only yesterday.
HSH Nordbank closes second ship loan securitisation
HSH Nordbank has closed its second ship loan securitisation deal, named ‘Ocean Star 2005’. The German bank, based in Hamburg and Kiel, used a private placement of structured notes to transfer the credit risk of a ship loan portfolio worth about $570…
Quantifi integrates Markit's CDS pricing into models
New Jersey-based credit risk analytics specialist Quantifi has integrated Markit’s mark-to-market credit default swap (CDS) pricing into its credit models.
Isda opens Delphi index protocol
The International Swaps and Derivatives Association has opened its Delphi CDS index protocol, aimed at speeding up cash settlement of credit derivatives involving the bankrupt US auto parts manufacturer.
AIMA says hedge funds do not need tighter regulation
Responding to the UK Financial Services Authority's (FSA) recent discussion paper on hedge funds, the Alternative Investment Management Association (AIMA) has said that no evidence has been offered to suggest that hedge fund managers are likely to cause…
Risk's CreditRisk Summit 2005: Bottom-of-the-cycle LGD criticised
Speaking yesterday at Risk 's CreditRisk Summit USA, Bogie Ozdemir, a New York-based senior director in the risk solutions group at Standard and Poor’s, argued that Basel II’s suggested approach to defining loss-given-default (LGD) can lead to an overly…
Thomson launches online CDS market-place
US market operator Thomson TradeWeb has opened its TradeWeb CDS online credit default swap market-place for business, with eight dealers already members.
TriOptima tears up $720 billion of Delphi-related CDS
Stockholm-based TriOptima has executed a further credit default swap (CDS) termination cycle, tearing up more than $720 billion contracts involving the troubled Michigan-based auto-parts maker, Delphi.
Isda Delphi protocol in the works and bond auction scheduled
The New York-based International Swaps and Derivatives Association is creating a protocol to facilitate the settlement procedure of credit derivatives index and tranche contracts that reference Delphi, the Detroit-based auto supplier dealer that filed…
Insurance supervisors issue guidance on risk transfer
The International Association of Insurance Supervisors (IAIS) has issued a guidance paper on risk transfer. The guidance – officially adopted today at the association’s general meeting in Vienna - details potentially problematic areas on which national…
BlueBay names Khein as new COO
London-based BlueBay Asset Management has appointed Alex Khein as chief operating officer, a newly created position.
JP Morgan goes live on T-Zero
JP Morgan went live on T-Zero’s post-trade processing platform for credit derivatives on Monday. It is the first dealer to join the platform since Goldman Sachs initially used the technology after its trade with KBC Alternative Investment Management on…
NYSE calls for looser rules on derivatives trading
The SEC must relax its restrictions on broker-dealers to allow US markets to compete for derivatives business, New York Stock Exchange chief economist Paul Bennett told the US Senate yesterday.
Jefferies hires head of commodity derivatives
Mazin Mirza has joined Jefferies Financial Products (JFP) as global head of commodity derivatives.
ECB warns of hedge fund risk to European banks
The European Central Bank (ECB) has warned that European banks could be vulnerable to credit market volatility through their growing exposure to hedge funds.