Risk magazine
Private investigator Capcon focuses on UK banks
UK-based private investigation firm Capcon is making a push to win more business from banks and brokers worried by the operational and reputational risks of dealing with, or employing, people with 'skeletons in the closet'.
GFI launches trading for dry freight derivatives
New York based-brokerage GFI Group is to offer hybrid voice and online trading of dry freight derivatives in a joint venture with Arrow Chartering, a London-based shipbroker.
Ice to launch clearing for UK natural gas
Energy trading platform IntercontinentalExchange (Ice) is to begin clearing its UK over-the-counter natural gas contract on September 12.
US agency forms working group on Basel II’s third pillar
A working group of financial services industry members and regulators is being formed by the US Federal Deposit Insurance Corporation (FDIC) to recommend a four-point disclosure policy for the third pillar of the Basel II bank Accord.
Kennedy succeeds Perrotte as consulting head at Summit
New York-based transaction processing technology company, Summit Systems, has promoted David Kennedy to managing director of its consulting services unit. Kennedy succeeds Kathy Perrotte, who is retiring from the company after 12 years of service.
JP Morgan Chase names new co-head of EMEA equity derivatives
JP Morgan Chase has promoted Viswas Raghavan to co-head its equity capital and derivatives markets (ECDM) for Europe, the Middle East and Africa (EMEA). He will report to CarlosHernandez, global head of ECDM, and will be based in London.
The energy traders’ trader
Danny Masters co-founded a hedge fund to exploit the untapped potential for risk management in the energy market
Volatility dealers’ conundrum
Margins on dollar-denominated swaptions and constant maturity swaps have narrowed sharply. This is great for clients, but dealers are caught in a bind. Gallagher Polyn asks why
Job moves
QUOTE OF THE MONTH: - “An infectious greed seemed to grip much of our business community” Alan Greenspan, on the corporate governance scandals hitting the US Source: Reuters, July 16
Strategic shortcomings
A survey of 13 private banks’ risk management practices reveals some dangerous shortcomings. Lisa Kastigar of Sherwood Alliance, a Switzerland-based financial consulting firm, examines the challenges for risk managers at these institutions
Clearing the obstacles
Credit quality is essential to every energy firm’s success, as recent problems at Aquila and Dynegy attest. Couple this with the post-Enron threat of increased regulation for OTC energy derivatives and it is clear that the energy trading market needs…
Serving the credit funds
Hedge funds initially used default swaps for simple hedging. Now, credit arbitrage is de rigueur, and it is inspiring dealers to reassess and restructure their own businesses in response
From strategy to tactics
Effective tactical use of risk management information has long been an aspiration of many organisations, but technical obstacles have stood in the way. In this third of four articles on integrated credit risk management, David Rowe argues that the…