The results of QIS 5 confirmed that convertible bonds bear low capital cost. A balanced-profile convertible bond portfolio with optimized convexity therefore obtains a moderate intrinsic SCR whilst benefiting from «equity» (...)
New European legal framework, offshore passports in issue, Benoit de la Chapelle-Bizot, Financial Counselor, Head of the French Government’s Economic and Finance Department, presents an update on recent regulatory developments relating to investment (...)
It is well documented that over the past two years the European and US Authorties have made numerous efforts to strengthen the regulatory and supervisory framework that apply to financial activities.
Solvency II: The conventions of the standard model and possible adverse effects
The Solvency II framework will change the way insurance companies address the investments performance in risky assets, by adding a new parameter to the traditional risk / reward tradeoff ....
Contractual OPCVM: a flexible and secure tool at the disposal of French asset managers
The french contractual OPCVM, in its configuration post october 2008 application decree, is a tool with features of interest for management companies, investors and service providers.
NYSE BondMatch, the new Multilateral Trading Facility
NYSE BondMatch will enable professional investors to trade more than 1,800 international corporate, financial and covered bonds on a transparent order book with firm orders...
Sélection 1818: the new platform dedicated to independent financial advisors
Banque Privée 1818 and Rothschild & Cie Banque have signed the final agreement for the creation of their common platform dedicated to independent financial advisors, born out of the merger of Sélection R and 1818 (...)
T2S will provide a single technical platform for processing settlement instructions, in a harmonised manner, for 28 CSDs in Europe, in different currencies and at the same price for both domestic and cross-border (...)