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Risk Management News Updates, October 13th 2010
A roundup of this week's risk management news

October 13, 2010 | Aditya Puri

CEBS publishes operational risk guidelines for market activities
The Committee of European Banking Supervisors has published guidelines on the management of operational risk in market-related activities. These comprise more specific principles and implementation measures for the identification, assessment, control and monitoring of operational risk in market-related activities.

IASB appoints Hans Hoogervorst as its chairman
The International Accounting Standards Board appointed Hans Hoogervorst as its chairman. Hoogervorst is currently the chairman of the Dutch securities and market regulator, chairman of the Technical Committee of the International Organization of Securities Commissions (IOSCO) and co-chair of the Financial Crisis Advisory Group (FCAG), an independent body of senior leaders formed to advise accounting standard-setters on their response to the global financial crisis. He will step down from his present positions in order to join the IASB.

Deutsche Bank consolidates listed derivatives businesses
Deutsche Bank has consolidated its listed derivatives business to provide clients with clearing services across asset classes. The bank will also appointment eight new hires and expects to add to this number in the coming months. In Asia, listed derivatives sales will be headed by Jason Scott, who joins the bank from Credit Suisse and will be based in Singapore. Anil Desai, previously head of futures and options trading for JP Morgan in India will be a director in listed derivatives sales based in Mumbai and James Clark will be head of execution.

Australia facing possible housing bubble, according to IMF
Australian house prices could be overva...

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Categories: Risk And Regulation Working Group
Keywords: CEBS, Deutsche Bank, IASB, IMF