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Intra-day Risk Management Presents a Challenge to both Buy-side and Sell-side

May 17, 2012 - Today FINCAD released the results of its third annual finance survey, which demonstrated that intra-day risk management is an important requirement for both the sell-side and buy-side.

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Failed hedging strategy cost JP Morgan $2bn

May 11, 2012 - JP Morgan Chase & Co lost a minimum of $2 billion during a failed hedging strategy, it has emerged. Jamie Dimon, chief executive of the major US bank - which holds global assets of $2.3 trillion - revealed the company has suffered eight-figure losses in its synthetic credit portfolio in the last few months.

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Fed 'critical of US banks' risk models'

May 1, 2012 - Several major banks across the US have faced criticism during their Federal Reserve stress tests, it has been said. Sources with knowledge of the situation have told Bloomberg that some of the 19 largest financiers that underwent examinations by the Fed were questioned about the way in which they had planned their dividends and calculated losses.

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European Hedge Funds Cite Risk Management as Top Priority for 2012

April 24, 2012 - Risk management is set to play a crucial role in the functioning of European hedge funds, according to a survey conducted by Omgeo and Hedge Funds Review. Almost all of the hedge funds surveyed (94%) believe that demonstrating robust risk management capabilities will be of critical (52%) or moderate (42%) importance to the fund-wide efforts to raise assets in 2012.

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SEC Charges Goldman, Sachs & Co. Lacked Adequate Policies and Procedures for Research "Huddles"

April 12, 2012 - The Securities and Exchange Commission today charged that Goldman, Sachs & Co. lacked adequate policies and procedures to address the risk that during weekly "huddles," the firm's analysts could share material, nonpublic information about upcoming research changes.

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Cybercrime a growing risk for FS firms - PwC survey

March 27, 2012 - Cybercrime is a growing threat to financial services firms and is now the second most common type of economic crime the industry faces, according to a PricewaterhouseCoopers survey.

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