Goldman Sachs
Fed probes catastrophic risks in bank physical commodity trading
The US Federal Reserve has moved to tighten the rules on physical commodity trading by banks, citing fears they might suffer huge losses as a result of an environmental disaster. How valid are such concerns and what steps is the Fed likely to take?…
Plunging Nikkei brings $40m vega losses to Japan dealers
Losses manageable now but if the Nikkei goes under 13,000, "there will be panic"
Deutsche Bank makes commodities cuts
Goldman names new commodities heads; BAML exits European power and gas; GDF Suez promotes Moorooven; Newedge names commodity heads; JP Morgan hires EDF power trader
Risk awards 2014: HSBC wins top house
The UK bank wins for the growing ambition of its OTC capabilities, as Risk publishes its fifteenth annual awards
Interest rate derivatives house of the year: Goldman Sachs
Interest rate derivatives house of the year: Goldman Sachs
CFTC chair nominated as Chilton exits
Goldman's Shenouda and O'Hagan retire; BNP Paribas takes Flax; ABN Amro appoints global head of energy; Hederman joins DoE; JP Morgan lures origination head
Risk Italia Rankings 2013
Plain sailing for Barclays in Italy
Kill switches may lead to systemic risk, expert warns
Recent calls for kill switches may be misguided
Derivatives House of the Year, Japan – Goldman Sachs
Asia Risk awards 2013 winner: Goldman Sachs – Derivatives House of the Year, Japan
Wall Street trading software not adequately tested, experts warn
Recent glitches highlight aggressive culture on Wall Street
The furore over physical commodity trading
Despite the agitation over their role, there are valid reasons why banks are involved in physical commodities
Banks’ physical commodity trading comes under scrutiny
Amid a review of a 2003 determination by the Federal Reserve, the involvement of US banks in physical commodities has come under fire from regulators, politicians and the media. Could they really be forced to exit physical trading? Alexander Osipovich…
Bank physical commodity trading attacked in US Senate hearing
Physical trading by banks said to inflate commodity prices, increase systemic risk and threaten shortage of beer cans
Insurers struggling with move to OIS discounting
Lack of consistency in dealer practices means many insurance firms are sticking with Libor discounting for now
Lack of CSAs restricts forex hedging options for Australian institutions
Returns for hedging via long-term cross-currency swaps are attractive, but few are able to do so because of the lack of credit support annexes in place
The secret history of the OIS discounting bonanza
The Wild West
Goldman and the OIS gold rush: how fortunes were made from a discounting change
As the Street adapted to overnight indexed swap discounting, some desks are said to have booked profits running into the hundreds of millions of dollars – earning grudging praise, or just grudges, from their peers
Uridashi knockouts push Japan dividend futures to outperform Nikkei
Inverted yield curve provides rich pickings for investors
BNY Mellon, Goldman Sachs facing July swaps push-out deadline
Firms are among seven banks that will be subject to section 716 of the Dodd-Frank Act unless Federal Reserve gives relief
US distributor of the year: Incapital
US distributor of the year: Incapital
LGT Capital Partners opens China office
People moves
OpRisk North America: Reputational risk impossible to quantify, conference hears
Defining reputational risk still a challenge for risk managers, panel says
Goldman Sachs and Citi aim to keep up with retail demand as equities surge
The rally in equity markets is shifting demand to principal-at-risk structured products, say US banks