Exchanges
Bank of Italy official posts op risk paper
In mid-July, an official from the Bank of Italy posted a paper, The modelling of operational risk: experience with the analysis of the data collected by the Basel Committee, which is beginning to garner attention in international op risk circles.
CME to convert equity index options to European-style expiration
The Chicago Mercantile Exchange has said it will convert all its equity index options to European-style expiration by the end of the year as part of an aggressive growth strategy.
Reassessing self-assessment
Traditional approaches to assessing and controlling operational risk within institutions are outdated, argues Gerald Sampson. Self-assessment needs rethinking, and proper risk evaluation is far better served if risk management departments assume their…
LCH Clearnet launches OTC clearing for UK gas and power
London-based clearing house LCH Clearnet today launched its new clearing service for over-the-counter (OTC) contracts for UK national balancing point natural gas and UK peak and baseload power contracts.
Isda readies inflation documentation
An increase in the use of inflation derivatives has prompted the International Swaps and Derivatives Association to set up a task force to develop standardised documentation for transactions. The first draft of the documentation has been completed and…
Nymex and Shanghai Futures Exchange look to work together
The New York Mercantile Exchange (Nymex) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to explore potential areas of cooperation which they say could mutually benefit the memberships of both exchanges.
Shanghai Futures Exchange signs MoU with Nymex
The Shanghai Futures Exchange (SHFE) has signed a memorandum of understanding (MoU) with the New York Mercantile Exchange (Nymex) to explore potential areas of cooperation for the mutual benefit of both exchanges.
New rules for a new era
The UK's new rules designed to implement a risk-based regime for regulating the insurance industry are due to come into place at the end of the year. John Ferry talks to the Financial Services Authority about what this means in practice for insurance…
Europe's insurers get used to a stricter regime
Regulators are increasingly bearing down on insurers as the market looks to establish better risk management practices. With the Solvency II proposals being drafted, what are insurance companies doing to make sure they can comply with the stricter…
Citigroup to acquire Knight’s derivatives markets business
Citigroup is set to acquire the derivatives markets business of New Jersey-based trade execution services firm Knight Trading in the fourth quarter.
Huberator’s hopes
Weather risk
Dealings in diesel
Weather risk
Looking to the east
Weather risk
Vertical take-off
Weather risk
Collateralised debt obligations
Credit guide: CDOs
Re-securitising CDOs
Credit guide: CDOs of ABS
Creating CDO tranches
Credit guide: risk allocation
The next generation
Credit guide: future of CDOs
New products, new buyers
Equity derivatives
The top stories from RiskNews
RiskNews
Reassessing self-assessment
Operational risk
Sponsor's article > Basel II: change is good
Basel II is an opportunity for banks to modernize and upgrade their risk practices, policies and technology to manage risk in a holistic fashion. Alliance & Leicester, a UK based financial institution with assets of over €55 billion, took early advantage…
Shell agrees $150 million fine over reserves scandal, releases interim results
Royal Dutch/Shell Group looks set to pay $150 million in civil penalties and spend $5 million on developing an internal compliance programme, following its recent overstatement of reserves. The energy giant has agreed in principle with the UK Financial…
Nymex and Tiffe consider weather derivatives
Both the New York Mercantile Exchange (Nymex) and The Tokyo International Financial Futures Exchange (Tiffe) are considering launching weather contracts.