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Swiss banks low risk but face market saturation, says Moody's
The two-tiered Swiss banking system, split between global giants Credit Suisse Group (CGS) and UBS at one level and smaller regional and private banks at another, continues to exhibit comparatively low risk levels, said Moody’s in a report on Swiss banks…
Cross-products find their feet
Cross-product trading is no longer just a "mantra" chanted by sell-side bankers, said Matt Desselberger, managing director, corporate structured products group at Deutsche Bank in London.
Banks not effectively applying risk tools, says report
Many banks are not effectively applying risk tools when pricing and structuring deals, according to research and consultancy company PA Consulting.
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Lehman closes $500 million Asian investment-grade arbitrage synthetic CDO
Lead manager Lehman Brothers said today it has closed a $500 million five-year Asian investment-grade arbitrage synthetic collateralised debt obligation (CDO) through special-purpose vehicles Asia IG CDO Limited and Asia IG CDO LLC. The portfolio manager…
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Risk managers set to benefit from drive to address FX operational risks
Foreign exchange risk managers are waking up to new ways of addressing operational risk in the FX markets, Paul Fisher, head of the foreign exchange division at the Bank of England, told delegates at FX Week 's first congress in London this morning. As a…
Financial institutions ill equipped to deal with credit risk developments, says D’Silva
The changing attitudes to credit risk among banks amounts to a "cultural revolution", Adrian D'Silva, director of capital markets supervision for the Federal Reserve Bank of Chicago, told delegates at a credit risk management conference in Vienna today…
UBS shuts Houston energy trading desk
UBS is to close its Houston-based energy trading desk, laying off an undetermined number of staff. But the Swiss bank also said it will move some of Houston’s 380 energy staff to its Stamford, Connecticut, office, where energy trading will continue.
Ice addresses energy trading market concerns with two new hires
Atlanta-based online commodities exchange IntercontinentalExchange (Ice), has appointed two new directors as part of its plans to address concerns about the health and legitimacy of the energy trading markets. Ann Cresce has been appointed assistant…
UK opposed to allowing wider op risk insurance role in European capital rules
UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
UK opposed to allowing wider op-risk insurance role in European capital rules
LONDON – UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
EU capital rules remain on tight deadline
European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, and yesterday's issue of a EU progress report is a positive step, officials at European banking organisations said.
EU capital rules remain on tight deadline
LONDON – European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, but the issue today of a EU progress report is a positive step, officials at European banking organisations said today.
Europe considers wider op-risk insurance role in new capital rules
BRUSSELS - The European Commission confirmed today it proposes the possible recognition of operational risk insurance as a way of reducing capital charges in all three methods of measuring op risk in its new protective capital rules for banks and…
Europe considers wider op risk insurance role in new capital rules
The European Commission confirmed today that it proposes the possible recognition of operational risk insurance as a way of reducing capital charges in all three methods of measuring op risk in its new protective capital rules for banks and investment…