Structured products
Banking on progress
Technology
BoNY plans to relocate data centres outside New York
WORLD TRADE CENTER AFTERMATH
ECNs re-evaluate back-up systems
WORLD TRADE CENTER AFTERMATH
Advanced measurement approaches
BASLE II UPDATE
Basle regulators cut op risk charge benchmark to 12%
BASLE II UPDATE
WTC attacks redefine and underline need for business continuity planning
WORLD TRADE CENTER AFTERMATH
Attacks on US demonstrate extremes of operational risk
FRONT PAGE NEWS
Basle regulators to study insurers' reaction to US attacks
BASLE II UPDATE
Disaster recovery -- the new Y2K?
WORLD TRADE CENTER AFTERMATH
EU welcomes Basle regulators' op risk paper
BASLE II UPDATE
German exchanges offer US equity products
Deutsche Borse and Eurex, owned by Deutsche Borse and the Swiss Exchange, have launched a tranche of new US stocks and futures to be traded in Europe. The initiative is designed to enable members to trade 10 euro-denominated stock options on US equities,…
Basel regulators put op risk charge below 15%
Global banking regulators will cut to below 15% from 20% the benchmark figure on which they intend basing the controversial operational risk capital charge they propose for large international banks from 2005.
Rolfe & Nolan removes Lodge as CEO
UK derivatives systems vendor Rolfe & Nolan has ousted its chief executive officer, John Lodge, as part of an effort to boost confidence among its customers and shareholders. The company, which has seen its share price plunge over the past two years,…
Rating agencies to keep an eye on the banking sector
The world’s three key rating agencies have released statements about the possible repercussions on the banking sector of last week’s tragic attacks in New York. Moody’s said it is not contemplating any immediate rating downgrades for European banks…
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…
Fed arranges swap deals to smooth liquidity
The US Federal Reserve has agreed temporary swap arrangements with the European Central Bank (ECB), the Bank of England and the Bank of Canada designed to help international banks meet any shortfall of dollars needed to settle market positions created by…
Equity derivatives markets brace for US opening
The equity options markets were rudderless this week, with the lack of implied volatilities for the US market – used for marking and pricing options – effectively grinding options trading to a halt.
Visionary business
A new breed of traders is sweeping the market, being taught to trade across multi-markets using sophisticated software on their laptops rather than the now largely defunct trading floor
A tactical defence
Equity hedge funds SSI is preparing itself with a defensive strategy until the world economy improves
An easy transition
Since moving from long-only funds, Ashley Willing has settled into his hedge fund management role at Gartmore and is currently co-manager of a long/short UK equity fund of fund vehicle for Lyxor
Ready for change
Geoff Bennett looks at the opportunities presented by Japan as well as the advantages of working from a US base