News
Stress testing is the best option to counter Basel II cyclicality problem, say regulators
BASEL – Global banking regulators said stress testing of internal ratings based (IRB) methods of measuring bank credit risk is the best option in terms of tackling the possibility that the complex Basel II bank capital accord could reinforce economic…
Basel II securitisation paper expected next week
BASEL – Global banking regulators hope to issue their working paper on the treatment of asset securitisation under the complex Basel II bank capital accord next week, regulators said.
Basel regulators don’t foresee lengthy talks on Basel II
BASEL – Global banking regulators don’t foresee lengthy talks with banks when they issue their third and final consultation paper next year on the complex and much-delayed Basel II bank capital accord.
Fannie Mae’s duration gap figure down in September
US mortgage agency Fannie Mae took the unusual step of disclosing its September duration gap figure yesterday, in a bid to alleviate concern about its risk management practice. The figures showed that the duration gap had fallen from minus 14 months in…
Fundtech enhances CLS product offerings
Jersey City-based Fundtech has launched two new services to extend its Continuous Linked Settlement (CLS) product range. IOSwaps Manager and a ‘third party’ PayPlus for CLS are aimed at extending the ability of financial institutions to eliminate risk…
New double-counting methodology responsible for greater-than-expected rise in credit derivatives
The International Swaps and Derivatives Association’s mid-year survey of the over-the-counter derivatives market showed a substantial increase in credit derivatives notional volumes, growing from $918.9 billion at the end of 2001 to $1.6 trillion at mid…
Basel II regulators issue key QIS 3 survey
Global banking regulators said they launched their key survey today seeking information on how the Basel II bank capital accord, aimed at making the world’s banking system safer, would affect banks.
SG renews SuperDerivatives FX options pricing service
SG, the investment banking arm of France’s Société Générale, has signed up to use SuperDerivatives’ benchmark pricing system for currency options for another year.
Basel II securitisation paper expected next week
Global banking regulators hope to issue their working paper on the treatment of asset securitisation under the complex Basel II bank capital accord next week, senior Basel officials said.
The rise of the money men
Wanted: company to trade power in the US. Strong credit, trading expertise and appetite for risk required. Only banks need apply? By Kevin Foster
From Enron to Iraq
The freight derivatives market has ridden out the loss of market-maker Enron, and now all eyes are turning to the effect of military action against Iraq. By Kevin Foster
Ferc unable to regulate OTC derivatives, admits own official
Charles Whitmore, special assistant in the office of market oversight at the Federal Energy Regulatory Commission (Ferc), told an EPRM enterprise-wide risk management conference in Houston, Texas, yesterday, that he did not think the Ferc was capable of…