Exchanges
HKEx delays launch of derivatives clearing
The Hong Kong Stock Exchange (HKEx) has delayed the launch of its Derivatives Clearing and Settlement System (DCASS) until "early in the second quarter of this year", according to a report released by exchange officials, reports Risk’s sister publication…
Sponsor's Article > Alliance & Leicester Uses SunGard's Basel II Capital Manager
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Alliance & Leicester, a UK financial services group, is using SunGard Basel II Capital Manager for improved credit risk management and Basel II compliance.
Tiffe and CBOT sign memorandum of understanding
The Tokyo International Financial Futures Exchange (Tiffe) and the Chicago Board of Trade (CBOT) have signed a memorandum of understanding for the development and efficient operation of their markets.
Emission control
Awards 2004
DrKW criticises CLS for not introducing central clearing
Continuous-linked settlement (CLS), the global system to reduce foreign exchange transaction risk, should have been set up to provide banks with a centralised clearing facility, rather than just to eliminate ‘Herstatt risk’, according to a senior banker…
Golden procurement
Awards 2004
The cost of good data
The US-based Committee of Chief Risk Officers plans to propose voluntary standardsfor energy price reporting later this year, in the hope of ruling out any needfor mandatory standards. Joe Marsh reports
Old dog, new teeth?
Awards 2004
Rethinking regulation
Market manipulation and inaccurate pricing led to the reregulation of Ontario’s electricity market. But at the right price, the Canadian province may see a revival of competition, reports CatherineLacoursière
New entrant set to supply gas in UK
Awards 2004
Canadian pension fund buys US plants
Awards 2004
Bush urges TVA to modify debt estimates
Awards 2004
Sophistication and integration
Performance and risk
An unsure future
CP195
On the level
convertibles
Keeping it regional
Profile
RBS expands interbank forex sales team
The Royal Bank of Scotland has expanded its interbank foreign exchange sales business, adding desks in New York and Asia to complement its existing London-based team.
Meff adds three new single-stock futures
Spanish derivatives exchange Meff will offer three new single-stock futures on Banco Popular, tobacco company Altadis and Gas Natural.
Ex-Merrill Lynch energy trader pleads guilty to fraud
At 24, Daniel Gordon headed Merrill Lynch's energy trading business. He has now pleaded guilty to a $43 million fraud.
CME takes aggressive measures to promote electronic trading
The Chicago Mercantile Exchange (CME) has announced a number of initiatives designed to facilitate a shift of trading of its Eurodollar futures contracts away from traditional open outcry to electronic trading on its Globex platform.
Banks Tackle Op Risk
Banks misplacing millions of pounds and dollars may sound absurd, but operational risk makes it more commonplace than you might think.