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Numerix Opens Application Period for 2024 Women in Finance Scholarship
We're happy to announce that we are accepting applications for the 2024 Women in Finance Scholarship. This $20,000 annual scholarship award recognizes talented young women advancing their education with the goal of pursuing a career in financial asset management, market risk management or derivatives finance within the capital markets.
women_in_finance2024
Fed announces scenarios that will be harnessed for bank stress tests
On Nov. 1, the Federal Reserve released the scenarios that will be harnessed to stress test banks. Daniel Tarullo, who is a Fed governor, noted the key role that these assessments could play. "The capital planning and stress testing program has been an integral component of the Federal Reserve's broader supervisory and regulatory efforts to make the financial system stronger and safer since the
November 7, 2013
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Financial services industry participants push ISDA to change derivatives regulations
Various prominent members of the financial services industry have contacted the International Swaps and Derivatives Association in an effort to get this organization to change the "master agreement" for these risk management tools. A letter that was signed by officials including U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg and Bank of England Governor Mark Carney implored
November 6, 2013
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Derivatives trading rises at SGX in October
The amount of derivatives trading and clearing happening on the Singapore Exchange rose in October from the same month in 2012, the Asian bourse stated on Nov. 4. One item of news that was notable was that the open interest in these risk management tools was 62 percent higher at the end of October when compared to the same time last year. At the conclusion of the fall month, there were 3.7 million
November 5, 2013
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House votes to repeal derivatives regulations affecting bank swap transactions
The U.S. House of Representatives voted on Oct. 30 to repeal certain derivatives regulations that would require banks to set up separate businesses to handle their swaps transactions. These OTC derivatives trades would be pushed into separate entities not insured by the federal government as a result of a specific provision that was contained in the Dodd-Frank Act, according to The New York Times
November 5, 2013
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FINCAD Hosts Recent Panel on "The CVA Conundrum"
The past several years CVA & related valuation adjustments have been an instrumental part of an ongoing and evolving global dialogue. Since the financial crisis put a spot light on the need for effective management of counterparty credit risk in OTC derivatives trading banks have attempted to calculate their Credit Value Adjustment charges under the Basel III regulatory framework and there have
November 3, 2013
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