News
Convertible bond decline could impact credit derivatives
Falling valuations in the European convertible bond market during the last few months could lead to a decline in credit default swap values, as convertible investors seek to unwind their hedged positions.
Fannie and Freddie’s hedging rockets in 2001
Fannie Mae and Freddie Mac’s first detailed disclosure of their derivatives positions has revealed a dramatic increase in hedging activity by the two US federal-backed mortgage companies.
Derivatives expert to run BarCap Americas
Barclays Capital, the investment banking division of the UK's Barclays, has named Peter Goettler head of its investment banking division in the Americas.
Citi bankers quit to launch FX hedge fund
Citigroup’s former global head of proprietary trading, Patrick Hall, is launching a new macro hedge fund with partners John Banerjee and former Citi economist Michael Burke.
Op risk is increasing for weak banks, says regulators’ guidance
Operational risk will come into greater focus for banks worldwide and will become more important as a factor in weak banks, global banking regulators said in early April.
Regulators expected shortly to fix date for Basle II op risk survey
Global banking regulators are expected to decide in mid-April on the date for issuing to banks a further survey seeking information on operational risk as part of the development of the Basle II bank capital adequacy proposals.
FSA disappointed by latest delay to Basle II accord
It was no secret that the UK’s principal financial watchdog, the Financial Services Authority (FSA), was "a little disappointed" at the latest delays to the Basle II accord, a senior FSA official said in March.
FASB reverses on loan commitments
The US Financial Accounting Standards Board (FASB) has ruled that undrawn loan commitments will not be subject to derivatives accounting rules and do not have to be marked-to-market – a victory for commercial lenders.
Sep 11 attacks make Basel II more relevant
The September 11 attacks on New York’s financial district have made the operational risk provisions of the proposed Basel II banking accord "much more relevant to many more people", a paper by business consultants Aroq Research said in March.
