Central banks
Re-evaluating valuation
Subprime mortgage woes continue to send shudders through the markets. Rising delinquencies, rating downgrades and falling prices have left investors with huge losses on CDO of ABS investments. The losses have revealed discrepancies in the valuation of…
Banca Italease expects losses of €500m on derivatives
Banca Italease is expected to report losses of around €500 million on its derivatives portfolio later today.
HK central bank head discusses spotting risks
Joseph Yam, chief executive of the Hong Kong Monetary Authority, has said the market should give risk prevention more thought.
Bank of Albania head plans to strengthen supervision
Ardian Fullani, governor of the Bank of Albania, said that regulation would remain a priority.
FX risk concerns highlighted by the BIS and FiREapps
Daily news headlines
BIS urges institutions to lower FX risk
The Bank for International Settlements (BIS) has recommended financial institutions reduce and control large and long-lasting foreign currency exposures, in a report published yesterday.
Drowning in liquidity
Our fascination with liquidity tells us a lot about the psychology of the financial markets
Government bond yields
Talkingpoint
Issuer Focus - Network Rail
Network Rail's head of corporate finance, Samantha Pitt, talks to Nikki Marmery about the company's unique historical legacy, its plans to start issuing debt from its own balance sheet and its renewed focus on index-linked bonds
Trichet presents ECB annual report
Jean-Claude Trichet, president of the European Central Bank (ECB), briefed the European Parliament on the bank’s 2006 annual report in Strasbourg last week.
Fed governor says hedge funds present systemic danger
Kevin Warsh, a governor at the US Federal Reserve, said hedge fund losses could threaten the finance industry.
Belgian bank chief pushes integration agenda
Guy Quaden, governor of the National Bank of Belgium, has emphasised the importance of regional integration in regulating financial markets.
Swiss central bank chair rejects regulation of hedge funds
Daily news headlines
NY Fed promotes three to senior vice-president
The Federal Reserve Bank of New York has announced promotions for Richard Dzina, Kenneth Lamar and James McAndrews.
Swiss central bank chair rejects regulation of hedge funds
Jean-Pierre Roth, chairman of the Swiss National Bank, has said hedge funds do not threaten financial stability and that direct regulation would be difficult to justify.
The net widens
Grid computing is ubiquitous in investment banking, yet until now the energy trading and risk management space has been slow on the uptake. This looks set to change, reports David Watkins
Operating optimally
The increase in energy trading in recent years has brought significant opportunities but also a rise in operational risk, leaving systems struggling to keep up. Barney Brown at Detica identifies some areas of operational risk deriving from both internal…
Full steam ahead for FFAs
The freight derivatives market has attracted an influx of new players recently thanks to the spread of clearing. With more banks and hedge funds poised to enter, Roderick Bruce looks at what opportunities the market offers and how it needs to develop next
The Parthenon freeze
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