Asia Risk - February 2006
Articles in this issue
Seeking an Accord
Economic capital
The call of the Ocean
Profile
Future frameworks
Isda update
Operational risk - Operational VAR: a closed-form approximation
Klaus Bocker and Claudia Kluppelberg investigate a simple loss-distribution model for operational risk. They show that, when loss data is heavy-tailed (which in practice it is), a simple closed-form approximation for operational value-at-risk (VAR) can…
A new playing field
Chinese regulation
Asian growth to boost hedge funds
2005 a relatively good year for hedge funds, but convertible arbitrage still down
Japanese investors exit PRDC notes
Late-2005 dollar rally against the yen catches some investors out
The development of structured deposits
Chinese regulation
Linking asset classes
Commodity hybrids
Consortium to develop Shariah indexes
Group aims to satisfy appetite for Islamic law-compliant products
Chinese banks launch securitisation schemes
China's securitisation market gets off the mark
PBoC approves OTC FX
China's central bank opens spot foreign exchange to OTC trades
The principles of the new Basel Accord
Economic capital
BarCap extends Barx to variance swaps
Barclays Capital seeks to increase price transparency and speed of trades
Mending fences
Broker rankings
Troubled TSE to overhaul its platform
The Tokyo Stock Exchange takes action following trading problems
Takaful takes root
Islamic insurance
Taming the lion city
Cover story: Retail CDOs