Technology
Basel II heralds a new ‘golden age’ for risk, says BofE’s Jackson
Basel II is creating a new lingua franca for risk that will usher in a “golden age” of risk management, said Patricia Jackson, special adviser to the Bank of England, at Risk magazine’s Basel II Forum in London today. The debates surrounding the wording…
Catching the Basel 'tail wind'
Christian Jimenez, chief risk officer at Eulia, has used momentum from regulatory change to overhaul antiquated risk management policies.
Corporate Governance Survey 2003, Part 1 >> Op risk disclosure: a long road ahead
Although most banks now have a separate section on operational risk in their annual reports, disclosure levels vary considerably. Here, Operational Risk's editorial staff review 15 bank annual reports to uncover reporting and management practices in 2002
Law firm launches new collateral legal risk management service
Derivative Services, an affiliate of the international law firm Allen & Overy, has launched a legal risk management service aimed at addressing the complex legal analysis required to take on collateral for derivatives transactions.
GFI targets corporates for options pricing
New York-based inter-dealer broker GFI has launched a new online foreign exchange options pricing service targeting corporates and other lower-volume forex users.
JP Morgan Chase launches buy-side risk management product
JP Morgan Chase is launching a new risk management service, MorganRisk, to enable buy-side clients to gauge market risk in their own investment portfolios using the same proprietary methodologies used by the US bank.
FNX opens South-east Asian hub
FNX, the Pennsylvania-based risk management software company, has established a regional support centre in Bangkok, Thailand.
Spitzer calls for greater institutional investor involvement
New York Attorney General Elliot Spitzer, widely known on Wall Street for having led recent legal attacks on conflicts of interest between underwriting and stock analysis at investment banks, told attendees of the PRMIA 2003 summit today that…
Spitzer calls for greater institutional investor involvement
New York Attorney General Elliot Spitzer, widely known on Wall Street for having led recent legal attacks on conflicts of interest between underwriting and stock analysis at investment banks, told attendees of the PRMIA 2003 summit today that…
Numerix launches CompatibL Technologies
New York-based analytics provider Numerix is forming a new company that will seek to accelerate definition and adoption of derivatives systems interoperability standards.
Korea’s Woori Bank installs Reuters’ Kondor+
Korea’s Woori Bank, the country's second largest bank, has signed an agreement with Reuters to use Kondor+ as its risk management tool for derivatives and bond transactions.
Operational Risk and the CIO
Today's CIOs are cutting costs, addressing increased regulatory pressure, and exploring new, cheaper technologies. But are they also introducing more risk into the firm?
Sponsor's article > Basel II much?
US regulatory authorities are considering allowing smaller banks exemption from Basel II. But who would gain from this - and who would lose? Alan Bright, marketing communications manager at SunGard Trading and Risk Systems, takes some soundings.
Speed The Recovery
Half of the time it now takes for Evergreen Investments to restore its data in its offsite data center is spent driving to the disaster recovery site.
The Corporate Action Challenge
Concern (often justified) over the maturity of third-party systems and the lack of industry standards is putting the brakes on the progress of corporate-action automation.
Sarbanes-Oxley Prompts JP Morgan Upgrade
The firm says that for years industry proxy voting systems have been so poor that automation hasn't been worth the effort - until now.
Risk's Basel II Forum > Patricia Jackson to give keynote address
Patricia Jackson, the Bank of England's Special Advisor on Financial Stability, will be giving a keynote address at Risk magazine's first Basel II Forum ( www.risk.net/baselforum ).
...while AEP exits Nordic energy trading
Ohio-based American Electric Power (AEP) last month completed its exit from theNordic energy trading market. The management team responsible for AEP’sactivities in the Nordic region will assume AEP’s Nordic trading book,office leases and related…
Trying to model reality
Credit Risk
Scaling the credit cliff
Credit Risk
Losing track?
Tracking error
Performance anxiety
CDO benchmarking