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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2001=
=20 05:59 PM --------------------------- "RiskNews Update" <listadmin@riskwaters.com< on 03/30/2001 12:03:40 PM To: List Member <vkamins@enron.com< cc: =20 Subject: - latest RiskNews Update - 30/03/2001 RiskNews Update - http://www.RiskNews.net RiskNews Update - http://www.risknews.net/ =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D RiskNews Update =01) week ending 30/03/2001 http://www.risknews.net News for derivatives and risk management professionals =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Dear Subscriber, Welcome to RiskNews Update! Top news this week included early findings by credit ratings agency Standard & Poor=01,s that internationally active banks may find it is cheap= er to use the standardised risk management approach to capital management rather than the internal ratings based (IRB) system. Early findings that IRB, as laid out in the Basel Committee's new capital Accord proposals, may cost banks more in terms of capital appears contrary to the =01+spirit= =01, of the de facto international banking regulator=01,s proposals. Next week, RiskNews will print exclusive coverage of the International Swaps and Derivatives Association=01,s (Isda=01,s) response to Basel as part of our extensive coverage of Isda=01,s 16th Annual General Meeting in Washington. With consolidation seeming imminent for the plethora of electronic trading platform providers, electronic derivatives trading platform Blackbird=01,s chief executive Andy Baxter admitted having difficulties encouraging dealers to move away from phone broking. In a separate development, JP Morgan Chase selected multi-bank FX trading portal Atriax as its electronic portal =01) a move seen by industry observers as a blow to rival portal FXall, which was strongly backed by the pre-merger JP Morgan. Meanwhile, Citigroup=01,s top FX salesman Martin Dyer pans to take =01+time= -out=01, from his post after 20 years, clearing the way for Lars Olesen to be appointed global FX sales manager of Citibank Foreign Exchange in London. Christopher Jeffery Editor, RiskNews Tel: 44 (0)20 7484 9880 E-mail:cjeffery@riskwaters.com PS: RiskNews will send out an additional =01+special bulletin=01, next week= to alert subscribers to our coverage of Isda 16th Annual General Meeting in Washington. We hope you enjoy this additional service. ---------------------------------------------------------------------------= --- ---------------------------------- Risk 2001 Europe, Paris, April 10 & 11 2001 Risk Magazine=01,s 6th European Derivatives and Risk Management Congress Only one week left to take advantage of our EXCLUSIVE offer for subscribers to the RiskNews Update: 10% discount for booking through the link below https://secure.riskpublications.com/secure/conferences/risk2001europe/risk2= 001 europe_risknews.htm ---------------------------------------------------------------------------= --- ---------------------------------- RiskNews Update - 30/03/01 Headlines/Technology and Exchanges/People/Events =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Headlines =01) 30/03/2001 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D 30 March - The Bank for International Settlements plans to establish an Americas representative office in Mexico City by the end of this year 30 March - Dresdner Kleinwort Wasserstein, the investment banking arm of Dresdner Bank that is currently in takeover talks with German insurer Allianz, has opened an office in Taiwan to extend its reach in Asia brokerage business 29 March - Dominant US secondary mortgage-market institutions Fannie Mae and Freddie Mac have issued their first quarterly credit risk sensitivity reports, following last year's pledge to improve information disclosure 29 March - Internationally active banks may find it is cheaper to use the standardised risk management approach to capital management as laid out in the Basel Committee's new capital Accord proposals than to develop their own sophisticated internal ratings based systems 27 March - ING Barings' equity derivatives service is open for "business as normal" following the loss of six of its team to German rival Dresdner Kleinwort Wasserstein, the investment banking arm of Germany's Dresdner Bank, according to an ING Barings spokesperson 26 March - The London International Financial Futures and Options Exchange and US electronic stock market Nasdaq are to form a joint venture to trade single-stock futures 26 March - JP Morgan Chase has selected multi-bank FX trading portal Atriax as its electronic portal, in a move described by industry observers as a blow to rival portal FXall, which was strongly backed by the pre-merger JP Morgan To read more now, click http://www.risknews.net ******************************************************************* Book NOW for the Energy & Power Risk Management 2001 event in Houston, 14 & 15 May 2001: http://www.eprm-conferences.com/eprm2001us/?caller=3DRisknew_update =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Technology and Exchanges =01) 30/03/2001 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D 30 March - Trading on the international derivatives exchange Eurex can now take place via a number of access methods including the internet, the Swiss-German exchange has unveiled 30 March - Singapore Exchange (SGX) has launched an open interface technology called SGXAccess, which enables SGX Securities Trading member firms to trade in Singapore's securities market outside the country, using their own trading terminals 28 March - Ubitrade plans to link up with Fermat, the risk management solution vendor, to help distribute and support its product range in several European countries and Israel 28 March - Singapore Exchange IT Solutions, DBS Securities and OCBC Securities have completed an agreement to form a joint venture company that will provide outsourcing services to the securities industry 27 March - Electronic derivatives trading platform Blackbird has admitted to having difficulties encouraging dealers to move away from phone broking 27 March - Icor Brokerage has joined the race for a share of the online forex options broking market. The firm said it would launch an e-broking system for forex options in the second quarter of the year 27 March - Electronic trading systems software provider patsystems has formed a partnership with Pronet Analytics, the financial application service provider 26 March - British financial group Halifax has selected SunGard's BancWare asset and liability management system to manage group-wide interest rate risk 26 March - New York-based derivatives service provider Cygnifi has completed a collateral consulting project for the New York branch of Bayerische Hypo-und Vereinsbank 26 March - New York-based software provider Fame has formed an alliance with California's Financial Engineering Associates to create a new product combining quantitative risk analytics with market data To read more now, click http://www.risknews.net ******************************************************************* You must act now to benefit from our LIMITED SUBSCRIPTION OFFER for Telecoms Capacity, the most recent magazine from Risk Waters Group. Subscribe before 30 April and save 25% off the regular price. Selected features from the launch issue and a FREE sample issue offer are both available at http://www.telecomscapacity.com =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D People =01) 30/03/2001 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D 30 March - International rating agency Fitch has appointed former Mellon and GE Capital employee Martin Donner as senior director of its loans products group 29 March - Bear Stearns International has hired Emmanuel Pezier from HSBC, to head its equity-linked origination and execution of convertible and exchangeable bonds with institutional clients 29 March - Citigroup has appointed Lars Olesen as global FX sales manager of Citibank Foreign Exchange in London. He will succeed Martin Dyer, who is planning to take time-out to consider his options with the bank after a Citibank career spanning more than 20 years in foreign exchange sales 29 March - Otto N,geli, deputy chief executive officer of Eurex, has left the international derivatives exchange 28 March - Dresdner Kleinwort Wasserstein has hired Mehraj Mattoo as a director in the alternative investments section of its equities group - the fourth appointment of former BNP Paribas staff to the division in the past three months 26 March - Abbey National, the UK mortgage bank currently the subject of a takeover by Lloyds TSB, has appointed Steven Oon as director of market risks at its Treasury Services unit 26 March - Barclays Capital, the investment banking arm of the UK's Barclays Bank, has significantly increased its energy products team at the New York Mercantile Exchange 26 March - David Puth, managing director and head of sales, trading and research for JP Morgan Chase's rate markets business in North America, has been named the new chairman of The Federal Reserve Bank of New York's Foreign Exchange Committee To read more now, click http://www.risknews.net ******************************************************************** The latest issue of Asia Risk magazine is dedicated to Japan, with a special report, JapanRisk, published with Asia Risk and Risk. The complete contents of JapanRisk are available online on the AsiaRisk website. Subscribe to both Risk (12 issues) and AsiaRisk (6 bimonthly and 2 special issues) and save US$95/o60 off the regular price. Visit http://www.asiarisk.com.hk for more details. =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Events - 30/03/2001 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D BEATING THE BASEL REFORM - find out how at Risk 2001 Europe, Paris, 10-11 April, Risk Magazine=01,s 6th annual European Risk Management congress. http://www.risk-conferences.com/risk2001euro Only a handful of the biggest banks are prepared for the full impact of setting aside operational risk capital when the new Basel Capital Accord comes into effect in the next few weeks. If you are not one of them, you should attend Risk 2001 Europe. Risk 2001 Europe offers: o The best speaker line up - hear keynote addresses by Bob Litzenberger, Goldman Sachs & Andrew W. Lo, Massachusetts Institute of Technology. o Premier social & networking events - attend the risk awards ceremony held at the congress dinner in the two Michelin star Le Pr, Catelan Restaurant and network at the cocktail reception o Latest products & services - Visit the exhibition with over 20 exhibitors o Leading event partners o Flexible programme - choose the sessions or seminars of interest to you o PLUS get a year=01,s complimentary subscription to Risk magazine (worth o465). Subscribers to this RiskNews Update will receive a 10% discount. To register NOW click on the link below: https://secure.riskpublications.com/secure/conferences/risk2001europe/risk2= 001 europe_risknews.html Call for Papers Risk 2001 Australia, AsiaRisk 2001 and Japan Risk 2001 are currently being researched and produced. If you have a paper you would like to submit for consideration for inclusion in the conference programme please contact Frances Tully on +44 (0)20 7484 9731 or by email at ftully@riskwaters.com For further information on these events visit www.risk-conferences.com Other conferences and courses coming soon:  Advanced Mathematics for Pricing and Hedging Credit Derivatives, New York 23 & 24 April 2001 =01) London 26 & 27 April 2001  Interest Rate Modelling Calibration and Implementation Techniques, London 24 & 25 May 2001 =01) New York 31 May & 1 June 2001  A/LM 2001 =01) Risk Magazine=01,s 5th annual Conference =01) New Y= ork 21 & 22 June 2001  Risk 2001 USA =01) Risk magazine=01,s 7th annual US derivatives an= d risk management congress, Boston 12 & 13 June 2001. For further information contact: www.risk-conferences.com or www.risktraining.com ______________________________________________________________________ To unsubscribe, write to financewise-unsubscribe@listbot.com
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