Exchanges
Beyond the pail
Australia’s regulator has hinted that it may work outside of the Basel Accord to set its own risk weightings for residential mortgages if adjustments aren’t made, writes Nick Sawyer.
Back to the floor
Australia’s major banks are all targeting the advanced measurement approach for calculating operational risk capital under the new Basel Accord. As such, the concept of a floor is proving irksome, writes Nick Sawyer.
Credit Markets Update: Iberian credits tighten following IMF's Brazil bail-out
The International Monetary Fund's (IMF) $30 billion rescue package for Brazil, announced yesterday, generated a positive response from financial markets participants and caused the credit default protection on Iberian names to narrow.
Lehman finds link between high volatilities and SEC investor confidence measure
The Lehman Brothers equity derivatives and quantitative research group has found the current trend of high implied and realised volatilities for US stocks partly attributable to a US Securities & Exchange Commission (SEC) order aimed at bolstering…
Evolution Markets launches weather desk
New York-based environmental and energy broker Evolution Markets has returned to the weather derivatives sector with the launch of a weather desk, six years after it brokered its first over-the-counter weather deal.
Macquarie to offer exchange-traded ELIs in HK by month-end
Australia’s Macquarie Bank is looking at listing Equity Linked Instruments (ELIs) on the Hong Kong Exchanges & Clearing (HKEx) by the end of August, according to Matthew Long, Macquarie's Hong Kong-based associate director for equity derivatives sales.
Euronext Amsterdam to lower fees for derivatives traders
Securities and derivatives exchange Euronext is to lower trading fees on options and futures traded on its Amsterdam equity market.
Compromises allow Basel II to progress
The Basel Committee on Banking Supervision said last month that there were no substantial issues remaining with the complex Basel II capital Accord, after a series of compromises involving the capital treatment of loans to small and medium-sized…
Back to the floor
Operational risk
BIS head defends Basel II complexity
BASEL II UPDATE
Losses and lawsuits
LOSS DATABASE
The Basel II capital accord: op risk proposals in brief
BASEL II UPDATE
UK accepts large banks could use basic op risk approach
BASEL II UPDATE
Ice to launch clearing for UK natural gas
Energy trading platform IntercontinentalExchange (Ice) is to begin clearing its UK over-the-counter natural gas contract on September 12.
Job moves
QUOTE OF THE MONTH: - “An infectious greed seemed to grip much of our business community” Alan Greenspan, on the corporate governance scandals hitting the US Source: Reuters, July 16
Strategic shortcomings
A survey of 13 private banks’ risk management practices reveals some dangerous shortcomings. Lisa Kastigar of Sherwood Alliance, a Switzerland-based financial consulting firm, examines the challenges for risk managers at these institutions
Clearing the obstacles
Credit quality is essential to every energy firm’s success, as recent problems at Aquila and Dynegy attest. Couple this with the post-Enron threat of increased regulation for OTC energy derivatives and it is clear that the energy trading market needs…
Running for cover
Energy