Foreign exchange
Estimating intrinsic currency values
Forex market practitioners constantly talk about the strengthening or weakening of individual currencies. In this article, Jian Chen and Paul Doust present a new methodology to quantify these statements in a manner that is consistent with forex market…
Rates reversal
Editor's letter
APRA releases risk requirements for general insurers
Daily news headlines
RBS Asset Management appoints O’Neill as head of distribution
RBS Asset Management, a subsidiary of the Royal Bank of Scotland Group Plc, has appointed Kate O’Neill as head of Distribution, a newly created position in which she will report to Philip Basil, chief executive of RBS Asset Management.
Marlborough incorporates range of actively-managed OEIC funds of ETFs
Marlborough Fund Managers (MFM) has incorporated a range of actively managed OEIC funds of exchange traded funds (ETFs) into its brand. The range was originally launched under the MFM iFunds brand and has been offered to private client portfolios for…
BNP Paribas takes two from Bear Stearns
BNP Paribas has scooped up two new hires from Bear Stearns. Andrew Miller and Adam Brodnicki have been appointed as directors in the French bank’s New York fixed income team, where they will be responsible for FX, rate and structured products for…
Chinese regulator slams banks over leveraged products
China could clamp down still further on its derivatives markets unless banks start selling more cautiously, a senior regulator has warned.
Bankers' incentives blamed for crisis
In the wake of the credit crisis, senior bankers and regulators are considering changes to incentive programmes, which might have encouraged traders to make short-term bets without considering long-term risks.
Investors caught short by auction rate meltdown
Investors badly misjudged the risks posed by auction rate securities (ARS), and the willingness of dealers to keep supporting the market in the event of a liquidity drought, a new report has shown.
CEBS consults on diversification benefits of internal models
Daily news headlines
US Fed issues standardised approaches NPR
Daily news headlines
FDIC approves Basel II standardised approach
Daily news headlines
Small US banks free to pursue Basel II standardised approaches
The Federal Reserve has announced it will permit smaller US financial institutions to implement the standardised approach for Basel II compliance, acknowledging misgivings raised by banks over previous proposals.
Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
Derivatives Summit: UK shadow minister urges policy reforms
In his keynote address at the Risk Derivatives Summit held in London on June 24, Philip Hammond, Conservative MP for Runnymede and Weybridge, and shadow chief secretary to the Treasury, said the time has come for a major rethink on monetary policy.
Derivatives Summit: Improve processing now, OECD market chief says
Despite ongoing market turmoil, the future for derivatives is bright. Or at least it will be if the industry’s risk management infrastructure is tightened up, said Hans Blommestein, head of the capital markets programme at the Organisation for Economic…
Derivatives Summit: Investors should heed lessons of crisis, summit told
Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers speaking at Risk ’s 2008 Derivatives Summit in London.
UK issuers unveil inflation-busters
Barclays has reissued its Commodity Select protected investment, targeting UK investors looking for an inflation hedge. The re-issue follows consistent rises in the Consumer Price Index (CPI), the annual inflation of which rose 0.3% between April and May…
BarCap launches Sharia-compliant hedge fund platform
Barclays Capital has launched an investment platform, called Al Safi, which offers investors Sharia-compliant access to hedge funds.
Brown calls for oil market transparency; reveals investment plans
UK prime minister Gordon Brown has today called for increased transparency in the global oil markets, and revealed a series of international energy investment initiatives.
Careless talk
Editor's blog
Risk management discussed at Senate Banking Committee hearing
Daily news headlines
Paulson pushes for more power to the Fed
Daily news headlines