Central banks
Putting on the brakes
South Korea
BIS report highlights asset managers’ role in inefficient markets
The structure of incentive schemes may limit the ability or willingness of institutional asset managers to act as a natural counterbalance to mispricing, according to the Committee on the Global Financial System (CGFS) – a G-10 central bank forum that…
FSF calls for more credit risk transfer disclosure
The Financial Stability Forum (FSF), the body set up by leading central banks to examine potential threats to the financial system, has called for greater disclosure and more aggregate data for credit transfer instruments.
Time for buy-side IT push
Buy-side firms now recognise the strategic benefits and operational efficiencies that technology can bring. And, despite adverse market conditions, Fritz McCormick of Celent Communications believes IT investment is set for continued growth, especially…
A disaster waiting to happen
Despite the threat of increased terrorist attacks and war with Iraq, financial institutions are still struggling to find the funds to invest in appropriate business continuity plans.
G30 - Moving in the right direction
The latest G30 report on global clearing and settlement offers more than a few worthwhile suggestions. But Kristina West says there is still much to be done before the industry will wholly embrace the recommendations.
ECB highlights dangers of over-concentrated market
FRANKFURT — Market consolidation and a reliance on electronic trading could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
ECB highlights dangers of over-concentrated FX market
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
Caruana to replace McDonough as Basel Committee chief
Jaime Caruana, governor of the Bank of Spain, will replace William McDonough, president of the Federal Reserve Bank of New York, as chairman of the Basel Committee on Banking Supervision.
Citi triumphs in Asian CLS
TAIWAN — Citigroup appears to be winning the battle for third-party CLS business in Asia.
State Treasury of Finland joins growing Trema client list
Swedish technology firm Trema added to its growing list of eurosystem clients last week, with the announcement that the State Treasury of Finland has implemented Trema's Finance Kit to manage state debt.
A stimulating approach
Dividend Tax
BAE Systems: poor defence
Credit of the month
Sector roundup
Sectors
Heavyweights tackle rising unnamed counterparty risk
THE BACK OFFICE
US regulators clash over Basel rules at Congressional hearings
FRONT PAGE NEWS
BIS releases final sound practices paper
FRONT PAGE NEWS
Liability hedging without the tears
Interest rates
RiskNews review
RiskNews review
JP Morgan Chase closes first Korean synthetic credit transaction
JP Morgan Chase has closed South Korea’s first synthetic credit transaction this week. The US investment bank has arranged a hybrid 10-year $30 million credit-linked note (CLN) with exposure to Korea Development Bank credit risk and the super senior swap…
CLS settles a trillion a day
NEW YORK — Continuous Linked Settlement, the new settlement service for foreign exchange, settled a record $1 trillion in FX payments on February 18.