Trading systems
Wing Hang Bank opts for Misys Summit FT
Wing Hang Bank in Hong Kong has agreed to install technology vendor Misys’ Summit FT treasury and capital markets software in response to increased demand for structured products from private wealth management clients, corporates and the retail market.
Electronic gains
Electronic trading is growing fast in Asia, with financial institutions offering clients an increasing array of cost-effective services as a means of retaining business and attracting new clients. Pamela Tang reports
A model model?
The strength of today's operational risk modelling techniques throws up many a heated debate. Do any models justify the hype that surrounds them or are all, for the moment at least, fatally flawed? By Duncan Wood
Looking to beat the backlog
The EUR4.9 billion loss at Societe Generale has highlighted the risks posed by backlogs in equity derivatives confirmations. How serious is the problem and how is electronic trade processing helping the situation? Ryan Davidson reports
Der Wert eines Systems
Die jüngsten Turbulenzen an den Finanzmärkten haben den Investoren einen Wertverfall ihrer Portfolios beschert und die Prime-Broker folglich zu einer Woge von Nachschussforderungen veranlasst. Angesichts der großen Unsicherheit bezüglich der Preise der…
CDS confirmation backlog
As if banks haven't got enough to worry about, new data from Markit Group shows that the amount of unconfirmed credit derivatives trades has increased sharply, to levels not seen for around two years. Simon Boughey reports
Gridlock in CDS confirmations
As if banks haven't got enough to worry about, new data from Markit Group shows that the amount of unconfirmed credit derivatives trades has increased sharply, to levels not seen for around two years. Simon Boughey reports
CCDS unchained?
In October, David Rowe argued that contingent credit default swaps offered only limited potential for active counterparty credit risk management. The convergence of several factors could change that
SIVs in need of a service
A variety of options have emerged to help the beleaguered structured investment vehicle sector - the Master Liquidity Enhancement Conduit, restructurings and whole portfolio sales. What's the best option for SIVs? Radi Khasawneh investigates
Not stressed enough
Recent turmoil in the US subprime mortgage market has seen mass downgrades, falling prices and a drying-up of liquidity in the secondary market. Did banks' stress tests prepare them adequately and were scenario simulations up to the task? Clive Davidson…
Nimm mich mit zu Deinem Interdealer
Eine Handvoll großer Hedgefonds hat in diesem Jahr eine Kampagne betrieben, um sich den Zugang zu Interdealer-Plattformen für den Handel mit Währungsoptionen zu eröffnen. Aber die Banken leisten erbitterten Widerstand, denn ihrer Ansicht nach würden die…
Not stressed enough
Turmoil in the US subprime mortgage market has seen mass downgrades, falling prices and a drying up of liquidity in the secondary market. Did banks' stress tests prepare them adequately? Clive Davidson investigates
Overrated regulation
Rating agencies have come under fire for their failure to provide investors with a clear rating of market risk. Yet regulators gave their blessing to the agencies' methodologies through the Basel II banking rules. Who's really to blame? By William Rhode
All dried up
The trouble faced by banks, asset-backed commercial paper conduits and structured investment vehicles in raising short-term financing in August and September has focused attention on liquidity risk. Banks are now changing their assumptions about the…
Cutting the Gordian knot
Basel II remains wedded to incremental extensions to the market risk rules. It is time for a bolder approach in this area, argues David Rowe
The value of a system
The recent turmoil in the financial markets caused the value of investors' portfolios to plunge, sparking a flurry of margin calls by prime brokers. In response, some buy-side firms have started to acquire valuation systems of their own amid widespread…
CPDO ratings scorned at credit risk summit
Rating agencies have come under attack once again for assigning ratings to constant proportion debt obligations (CPDOs), during a panel discussion at Risk’s 2007 Credit Risk Summit Europe in London.
Reuters launches new structured products platform
Trade and risk management vendor Reuters has launched the Kondor+ Structured Products (KSP) platform which enables users to design, price and manage the risk of structured products.