PwC

Pushing the boundaries

The introduction of IAS 39 this year has caused some corporate treasurers to rethink their use of derivatives. Banks are looking to structure derivatives solutions that achieve the economic objective of a hedge, while avoiding undue volatility on the…

Singapore initiates competency standards

SINGAPORE – The Singapore government, through the Institute of Banking and Finance (IBF), launched the beginnings of a Financial Industry Competency Standards (FICS) programme in early September.

Living with volatility

Three months after the new International Financial Reporting Standards came into effect, European companies are waiting to see how the rules will be received by investors and analysts. Duncan Wood reports

A wrong-way bet

China Aviation Oil (CAO) revealed in late November that it had lost $550 million through trading oil derivatives – but not before its Chinese parent sold $108 million in CAO shares. By Nick Sawyer, with additional reporting by Jill Wong

First hearing scheduled for EU's CAD

BRUSSELS – A hearing is scheduled for November 22 on the EU's Capital Adequacy Directive and related legislative text in the European parliament. It is the first hearing on the directive since the parliament reconvened after the elections, and the…

NAB makes regulatory commitment

National Australia Bank (NAB) will submit a number of reports to the Australian Securities and Investments Commission (ASIC) as part of its efforts to repair the damage caused by the foreign exchange options scandal that enveloped the company earlier…

NAB makes regulatory commitment

National Australia Bank (NAB) will submit a number of reports to the Australian Securities and Investments Commission (ASIC) as part of its efforts to repair the damage caused by the foreign exchange options scandal that enveloped the company earlier…

New rules for a new era

The UK's new rules designed to implement a risk-based regime for regulating the insurance industry are due to come into place at the end of the year. John Ferry talks to the Financial Services Authority about what this means in practice for insurance…

Europe's insurers get used to a stricter regime

Regulators are increasingly bearing down on insurers as the market looks to establish better risk management practices. With the Solvency II proposals being drafted, what are insurance companies doing to make sure they can comply with the stricter…

EU Commission releases study

The long-delayed European Commission study has at last been published today. Conducted by PricewaterhouseCoopers, the study examines the economic impact of the new Basel and EU capital adequacy proposals on the EU financial services sector.

NAB to keep revised system

National Australia Bank (NAB) officials have no plans to replace their currency options trading platform in light of the recent $280 million (A$360 million) foreign exchange rogue trading scandal that has enveloped the bank over the last two months,…

NAB publishes report on options losses

The National Australia Bank (NAB) has published a report on the A$360 million ($262 million) options trading scandal, which blames weaknesses in risk management controls and inadequate management supervision for the losses.

Cautious comeback

Global consultancy PricewaterhouseCoopers says the slump in global merger andacquisition deal activity in the energy sector may have bottomed out and confidencecould be starting to return. By Joe Marsh

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here