Risk magazine
Ferc unable to regulate OTC derivatives, admits own official
Charles Whitmore, special assistant in the office of market oversight at the Federal Energy Regulatory Commission (Ferc), told an EPRM enterprise-wide risk management conference in Houston, Texas, yesterday, that he did not think the Ferc was capable of…
Global credit risk management: a business necessity
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Synthetic portfolio credit products: coping with credit event risk
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Basel II securitisation paper delayed
The planned paper on asset securitisation in the context of the Basel II bank accord will not be published today as hoped, but is likely to be issued some time next week, global banking regulators said.
Decillion launches first South African fixed-income arbitrage fund
Decillion, a South African financial services company, today launched the first fixed-income arbitrage hedge fund in the country. The fund, called Granite Fixed Income, will pursue arbitrage strategies on corporate credit, relative value strategies on…
KWI launches new version of flagship trading product
London-based energy risk management software company, KWI, this week released KW3000 Version 7.0 – its updated flagship suite of applications for multi-commodity trading and risk management.
Eurex sees another record month of trading
Swiss-German derivatives exchange Eurex saw its busiest month ever in September, with 83.6 million contracts traded, up 22% on September last year.
Cadiz to set up South African hedge fund
South African investment banking group, Cadiz Holdings, plans to set up its first hedge fund, a long/short equity fund called Hedge Funds Solutions, on November 1.
Commerzbank appoints structurer to US derivatives group
Commerzbank Securities, the investment banking arm of Germany's Commerzbank, has made Henry Flowers a senior structurer at its US structuring desk, part of Commerzbank's derivatives group in New York.
Learning the lessons
Risk’s quarterly round-up of corporate risk revelations shows that increasing shareholder and regulator expectations in the wake of US accounting scandals are having some effect on corporate disclosure, but companies still complain about losses from…
Chapter 11: not the end of the story
With several major derivatives counterparties in or facing Chapter 11, an understanding of the legal ramifications of doing business with them is essential, say Mark Speiser and Sherri Venokur
First-class post
Stefano Calderano, head of retail products at BancoPosta, Poste Italiane’s financial services arm, has bankers throwing their balance sheets at his feet
Pensions’ credit crisis
The markets’ swoon isn’t the only problem plaguing pension plans, according to credit derivatives dealers. They are also dangerously exposed to their own corporate sponsors. Navroz Patel reports on recent efforts to convince pensions to hedge this risk
The convergence of ALM and ERM
Banks seeking a truly complete view of their exposures are beginning to seek ways to integrate the enterprise risk management systems they use for their trading books with the asset and liability management systems they use for their banking books. Clive…
RiskNews review
September’s leading stories from RiskNews. Breaking news on derivatives and risk management, see RiskNews – www.RiskNews.net
Job moves
QUOTE OF THE MONTH: - “We don’t have a problem with regulators telling us that we should tie our shoelaces, but we don’t want them to tell us how to do it” George Mathewson, chairman of the Royal Bank of Scotland, commenting on the rigidity of the Basel…