Exchanges
The shifting sands of Basel II
Four months after the Basel Committee on Banking Supervision closed the consultation period on its January 2001 draft for a new international capital Accord, it has already made major amendments to its proposal.
Pro-cyclicality in the new Basel Accord
Could Basel II worsen recessions? By backtesting the proposed capital rules to the last recession, D. Wilson Ervin and Tom Wilde argue that the increased risk sensitivity of loan portfolio regulatory capital in the new Accord could have unwelcome…
New op risk paper gets cautious welcome, but reservations remain
BASEL - Bankers gave a cautious welcome to the further thinking of global banking regulators on their controversial plans to make internationally active banks set aside capital against op risk under the Basel II banking accord.
A healthy exposure
Credit derivatives
Banking on progress
Technology
ECNs re-evaluate back-up systems
WORLD TRADE CENTER AFTERMATH
New op risk paper gets cautious welcome, but reservations remain
BASLE II UPDATE
The Basle II capital accord: op risk proposals update
BASLE II UPDATE
Basle regulators cut op risk charge benchmark to 12%
BASLE II UPDATE
Exchanges mobilise, react
WORLD TRADE CENTER AFTERMATH
Basle regulators to study insurers' reaction to US attacks
BASLE II UPDATE
SGX to launch single-stock futures on October 26
The Singapore Exchange (SGX) will launch 15 single-stock futures contracts on October 26. The contracts are based on underlying blue chip stocks listed on SGX’s securities market, and include names like Chartered Semiconductor Manufacturing, DBS Group,…
Basel scraps 'w' charge from pillar 1
The Basel Committee on Banking Supervision has reacted to strong industry criticism of its controversial 'w' charge by scrapping it from pillar 1, regulatory capital, of its proposed new regulatory capital requirements – Basel II. It will now be included…
Nymex’s problems continue
One unexpected victim of market disruption following the events of 11 September has been the New York Mercantile Exchange's (Nymex) new Brent futures contract – a key weapon in the exchange’s battle for supremacy with London’s International Petroleum…
Liffe adds more Universal Stock Future contracts
The London International Financial Futures and Options Exchange (Liffe) is introducing 30 new Universal Stock Futures (USFs), to be available for trading from October 31. The new contracts will push the total number of Liffe's USFs to 95, giving them a…
SEC buy-backs eased to counter short-sellers
The Securities and Exchanges Commission (SEC) has had some tough choices to make in the aftermath of last Tuesday’s terrorist outrage. In addition to coping with the decimation of its New York offices at 7 World Trade Center, the SEC has had to grapple…
Nymex falls back on internet service
The New York Mercantile Exchange (Nymex), closed since Tuesday due to its proximity to the World Trade Center, plans to fall back on an untried internet-based service to give clearing members access to energy and metals futures contracts price discovery.
Complexity of weather deals set to grow
Trades in the growing weather risk market are likely to include a greater number of complex cross-commodity products as end-user sophistication increases, according to Valter Stoiani, manager for trading at Houston-based Enron Global Markets' weather…
LME goes live with complete screen trading service
The London Metal Exchange (LME) has launched Release 2 of LME Select, its screen trading system, which allows LME member firms to trade any contract electronically. The system was developed by Swedish firm OM Technology.
Tiffe's Libor-Tibor spreads debut
The Tokyo International Financial Futures Exchange (Tiffe) has launched Libor-Tibor spreads (L-T spreads) today, as well as expanding the contract month cycle of the three-month euroyen Libor futures from a five-month-cycle to a 12-month-cycle.
A call to action for Op Risk insurers
Insurance companies must not waste time now the Basel II regulators have shown an amber light to operational risk insurance, say Roland Avery and Daniel Butler.
A Call To Action For Op Risk Insurers
BASLE II UPDATE
Does Outsourcing Reduce Op Risk?
OUTSOURCING