Risk magazine
Moody’s extends RiskCalc to cover France
Moody’s Risk Management Services today released a Web-based model, RiskCalc France, for estimating the probability that French firms will default on debt obligations.
Barclays hires two for Latin America credit trading
Barclays Capital, the investment banking division of Barclays Bank, has hired Michael McGowan and Ronaldo Lyrio as directors of credit trading for Latin America, as part of the bank’s effort to grow its presence in the region.
BNP Paribas appoints new head of credit
BNP Paribas has appointed Brian Lazell as head of credit markets for the Asia-Pacific region, excluding Japan. The post is based in Hong Kong, and Lazell will report to David Ovendon, global head of credit.
Basel regulators still hoping for 2005 date
The Basel II bank capital adequacy Accord could still come into effect by 2005, although the date does hang in the balance, international regulatory sources said.
IRC increases drive for hedge fund disclosure
The Investor Risk Committee (IRC), part of the International Association of Financial Engineers (IAFE), has added three members to its steering group, in a move to increase its work on encouraging hedge fund disclosure and transparency.
BofA names global head of forex trading
Bank of America (BofA) has hired Larry Baum to manage its global spot, forwards and proprietary foreign exchange trading business. The post has been vacant since December, when Richard Breslow, former global head of forex trading, left after more than…
IKB chooses Trema’s Finance KIT
Trema, a Stockholm-based financial services IT vendor and management consultancy whose clients include the European Central Bank, Deutsche Bundesbank and the Czech Republic’s ING Investment Management today announced that IKB Deutsche Industriebank had…
DrKW hires global equities director in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired Hiroyuki Uno as director and senior marketer of global equities in Tokyo. He will head a team of derivatives marketers that will primarily focus on marketing equity derivatives products to financial…
Icap looks to buy First Broker Securities
Icap, the world's largest inter-dealer broker, is in discussions to buy First Broker Securities, the New York-based interdealer broker specialising in US-denominated corporate debt and high-yield bonds, according to an Icap spokesman.
HSBC to bolster Asian structured derivatives operation
HSBC is to expand its structured derivatives team in Asia in an attempt to leverage off its interest rate and currency swaps business.
Two new board members for CBOE
Craig Messinger, executive vice president of Boston-based Fidelity Capital Markets, and Thomas Patrick, a managing director at Merrill Lynch, have been appointed to the board of directors of the Chicago Board Options Exchange (CBOE). They replace two…
RMS offers indexes for structuring weather derivatives
Risk Management Solutions (RMS), a California-based weather risk software and data firm, has started publishing regional weather indexes for the US on its website, www.climetrix.com. The indexes provide the weather derivatives market with a new benchmark…
BHP Billiton buys into weatherXchange
Anglo-Australian mining giant BHP Billiton has bought a 7.5% stake in weatherXchange, an online weather derivatives data service, set up by the UK’s Meteorological Office and London-based Umbrella Brokers in June last year. BHP Billiton has an option to…
SunGard acquires EnFORM Technology
SunGard Trading and Risk Systems today announced that it has acquired EnFORM Technology, a Houston-based technology-consulting firm that provides custom software applications for companies operating in the energy and telecommunications industries.
Bank of America to roll out derivatives system
Bank of America (BofA) is building a new derivatives trading platform called Advantage, which will be deployed in its Chicago, London, and Tokyo offices. It is also developing new trading floors in London’s Canary Wharf, New York, and Charlotte, North…
Fixed or floating?
Corporate debt
Changes afoot at rating agencies
Basel II
Filling the inflation gap
Index-linked securities
Marrying portfolios and PCA
Principal components analysis
New evidence of IRB volatility
Default modelling
Accentuate the positive
Introduction
A long way from success
Electronic trading
Robeco’s synthetic age
Case study
Analytical approach to credit risk modelling
Cutting edge: Economic capital