ANZ
Eurozone sovereign CDS spreads widen amid continuing contagion fears
Widening continues on eurozone CDS spreads as Australian banks feel the pinch from the Greek debt crisis
A clear example
Op risk in Australia
ANZ appoints Australia CRO
Australia and New Zealand Banking Group (ANZ) has made two appointments in its risk management department, who will report to the bank's chief risk officer Chris Page.
A long road ahead
Basel II
ANZ names Wakelin head of markets, Europe & America
Melbourne-based Australia and New Zealand Banking Group (ANZ) has appointed Greg Wakelin as head of markets, Europe & America.
Monoline costs ANZ $200 million
Melbourne-based Australia & New Zealand Banking Group (ANZ Bank) has announced a US$200 million loss provision due to counterparty risk exposures to troubled US monoline insurer ACA Capital.
ANZ hires in European expansion
ANZ Bank has appointed Martin Fiddaman to the new position of head of financial institutions for Europe.
ANZ makes four markets appointments
ANZ Investment Bank has announced a series of new additions to its markets team in Europe and New York. The appointments follow the hiring of Bill Wulkan as head of markets, Europe and America, in May last year.
Calyon and ANZ launch Australian credit CPPI notes
Calyon and ANZ have launched what they say are the first credit constant proportion portfolio insurance (CPPI) notes for the Australian market. They are called Credit Sail and offer 100% principal protection.
Australia and Singapore leadBasel II in Asia
Australia and Singapore’s banking sectors are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a recent report by Standard and Poor’s. But, even banks operating in these countries face considerable challenges…
Australia and Singapore lead Basel II implementation in Asia
Australia and Singapore’s banks are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a report released this week by Standard and Poor’s. But even banks operating in these countries face considerable challenges…
The Monte Carlo mindset
There is a rich seam to be mined in the provision of tools to calculate counterparty credit risk. Clive Davidson looks at what's on offer so far, and what could be coming on to the market.
BarCap adds ANZ dealer
Edward Howard will join Barclays Capital in London in January, a spokeswoman for the bank told Risk's sister publication, FX Week .
ANZ appoints director of financial markets for Europe and US
Australia and New Zealand Investment Bank (ANZ) has appointed Gilles Planté as director of its financial markets business for Europe and the US. He was previously director of commodities and foreign exchange derivatives, a post he has held since 1997.
Banks set to define op risk modelling for regulators at May conference
NEW YORK - The Basel Committee on Banking Supervision's Risk Management Group is organising a conference in New York at the end of May designed to help the international regulatory body understand current bank op risk modelling practices and inform the…
Debate and controversy mark Op Risk 2003 events
Delegates at the fifth annual Operational Risk and Risk magazine operational risk conferences in London and New York this March were treated to what one speaker described as a "smorgasboard" of discussions on the subject. Attendees could choose from…
Linkage between op risk measurement and management key, says Lawrence
The key question that operational risk managers must face is how they directly link op risk measurement to the process of op risk management, said Mark Lawrence, chief risk officer at ANZ Bank in Australia, today at the annual Operational Risk conference…
Linkage between op risk measurement and management key, says Lawrence
Operational risk managers must face up to how they directly link op risk measurement to the process of op risk management, said Mark Lawrence, chief risk officer at ANZ Bank in Australia, today at the annual Operational Risk conference in London.
Citigroup, Deutsche Bank and UBS Warburg dominate FX derivatives in FX Week awards
Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.
FXall hires marketers from former rival Atriax
Two former employees of defunct multi-bank FX tradingportal Atriax were last week hired by rival portal FXall. Keith Hill joins FXall in London as head of Europe, Middle East and Africa sales, while Michelle Bachmann-Love was made head of North America…
Australian capital/asset ratios consistent with credit ratings, says S&P
MELBOURNE – The capital to asset ratios of the four major Australian banks, as measured by credit rating agency Standard and Poor’s own approaches, are consistent with the banks’ double A ratings, S&P said today.
Over-reliance on risk models a danger, says Lawrence
Financial institution risk managers must be wary of relying too heavily on risk models and systems, according to Mark Lawrence, chief risk officer at Australian bank ANZ, speaking at Risk Waters Group’s third annual Risk Australia conference in Sydney…
Beyond the pail
Australia’s regulator has hinted that it may work outside of the Basel Accord to set its own risk weightings for residential mortgages if adjustments aren’t made, writes Nick Sawyer.
Back to the floor
Australia’s major banks are all targeting the advanced measurement approach for calculating operational risk capital under the new Basel Accord. As such, the concept of a floor is proving irksome, writes Nick Sawyer.