Barings Bank
Must do better – Apac slow to curb control risk
Asia Risk 25: Even as the level of regulatory scrutiny peaks, meaningful change eludes the region’s banks
Rogue trading questions remain, says US head of op risk at Mitsubishi UFJ Securities
Lack of commonality in rogue traders adds to the risk banks face from within
National culture can affect banks' operational risk
National interest
ETF providers hit back at criticisms in wake of UBS losses
ETF providers have dismissed claims losses allegedly caused by an ETF trader demonstrate the instruments are risky
Market volatility may have brought UBS losses to light
The revelation of rogue trading at UBS follows a period of market volatility. That is nothing new, say risk managers
People: Citi shakes up structuring group
Citi shakes up structuring group
Historic gilt lows reflect improved debt outlook, but growth fears remain
New lows in gilt yields following last week's spending review have been seen by some analysts as a vote of confidence in the UK government's austerity plans. Other observers, however, say they reflect something else entirely.
Hedge funds hit by risk reversal fears in May and June
Hedges funds have grappled with poor performance during the past two months after global stock market tumbled, with investors parking their money in cash as the Greece sovereign-debt crisis weighted heavily on Asian markets
Valensise appointed chief investment officer at Barings
Baring Asset Management, the London-based investment management firm, has appointed Marino Valensise as chief investment officer.
Morley makes fixed-income appointment
Morley Fund Management, the London-based subsidiary of Aviva Group, has appointed Mark Watts as head of global fixed income.
New Market, New OMS Sales Pitch
Baring Asset Management is doing something that a lot of trade order management vendors and market analysts wish the rest of the financial world would do: after implementing a new third-party order management system to replace its older in-house system,…
Alpha appoints Rogers to new UK marketing role
New York-based Alpha Investment Management has hired Carcie Rogers to boost its marketing efforts to large financial institutions in the UK and the rest of Europe.
New head of European FX derivatives marketing for HSBC
HSBC has appointed Ferruccio Ferrara from Deutsche Bank as European head of FX derivatives marketing.
Rees resigns from Baring to head new quant team at Schroders
Stephen Rees has resigned from Baring Asset Management (BAM) to head a new investment process team at UK asset management firm Schroders.
US central banker urges pillar 3 action now in light of scandals
Recent accounting scandals mean international banks should start improving their disclosure of risks and capital adequacy now and not wait for the pillar 3 disclosure provisions of the Basel II bank accord to take effect in late 2006, a senior US central…
In search of clarity and focus
Greater precision is needed in defining operational risk, but the Basle regulators' latest thoughts are lost in generalities, says Jacques Pézier, in the final article of a three-part series.
New op risk paper gets cautious welcome, but reservations remain
BASEL - Bankers gave a cautious welcome to the further thinking of global banking regulators on their controversial plans to make internationally active banks set aside capital against op risk under the Basel II banking accord.
Basel II delay gives chance for other advanced op risk approaches
The year-long delay to the coming into effect of the Basel II banking accord means global banking regulators can study a broad range of advanced approaches to calculating an operational risk capital charge.
Modeling and measuring operational risk
Recent operational risk events such as occurred at Barings, Daiwa, Sumitomo, and other institutions show the importance of measuring and controlling such operational risk. In this paper the authors present a quantitative operational risk measurement…