Equity markets
Factoring in stock options
In the wake of recent corporate scandals, support has spread rapidly for including the cost of employee stock options as an expense item in corporate income statements. David Rowe argues that while some reform is appropriate, present trends could end up…
JP Morgan may boost capital for equity-linked FX trading model
Larry Kantor, global head of FX strategy at JP Morgan Chase, said the bank was mulling whether to put more proprietary capital behind a trading model that measures FX risk appetite using cues from the equities market, called the Liquidity, Credit and…
Reconstructing volatility
Options on stock baskets have become a mainstay of the equity derivatives business, but pricing and hedging of such products is highly sensitive to implied volatility and correlation assumptions. Here, Marco Avellaneda, Dash Boyer-Olson, Jérôme Busca and…
Reconstructing volatility
Equity derivatives
Merrill Lynch targets retail investors
New angles
As good as gold
Commodities
Equity derivatives house of the year
Asia Risk Awards 2002
First-class post
Stefano Calderano, head of retail products at BancoPosta, Poste Italiane’s financial services arm, has bankers throwing their balance sheets at his feet
RiskNews review
September’s leading stories from RiskNews. Breaking news on derivatives and risk management, see RiskNews – www.RiskNews.net
Pricing debate bedevils employee option accounting
US corporates are lining up to advertise their virtue by being the latest to account for their employee stock options as an expense. But with no consensus on how to price these instruments, will it bring more clarity or confusion?
One-month delay for UK warrants market
The UK covered warrants market will not launch until October 28, more than a month later than the initially proposed date of today, according to the London Stock Exchange (LSE).
Practitioner analysis: Reaping the advantages of Basel II
David Stone of Zions Bancorporation describes how the US bank plans to underpin its enterprise-wide risk management by implementing the Basel II accord’s advanced approaches to measuring operational risk.
House rules
Law firm Stephenson Harwood looks at the UK's plans for regulating hedge funds and the growth in limited liability partnerships.
To buy or not to buy? The price is the question
PricewaterhouseCoopers examines the pros and cons of acquiring a hedge fund business
Short but sweet
Although much criticised after 11 September, shorting is gaining in popularity and the FSA is looking into its impact in the UK
Fighting for survival
Equity derivatives
Finessing fixed dividends
Equity options
Ford: spanner in the works?
Credit of the month
Buying and selling risk
Risk budgeting
Gearing up for OTC
South Korea
ELIs off to a slow start
New angles
Reaping the advantages of Basel II
PRACTITIONER ANALYSIS
