Global Financial Risk Management; Fall 200JArticles from Wall Street Journal & other sources; Corporate Uses of Derivatives
Index
Summary of Recent Derivative Disasters 1
Group of Thirty Derivatives Project Good Practice Recommendations 2
Bankers Trust Says Derivatives Boosted 1st Qtr Profit - 4/21/94 4
Bank Regulator Signals Move on Derivatives - 4/21/94 5
Kidder Firing May Indicate Further Woes - 4/22/94 6
Dell Computer Sees Derivatives Losses - 4/22/94 7
Fancy Footwork: Bankers-Trust Thrives Pitching Deriv.'s - 4/22/94 8
Bank on It: Upheaval Breeds Derivatives - 4/26/94 10
Fed Studies Mortgaged-Backed Market - 5/20/94 11
Derivatives Aren't the Danger - 5/23/94 12
SEC is Seeking Data on Firms' Derivative Risk - 5/24/94 13
Greenspan Suggests Derivatives Require Different Kind of Regulation - 5/26/94 .14
SEC Chief Levitt Warns Mutual Funds in Handling Derivatives - 6/21/94 15
Funds Prodded to Shed Assets in Derivatives - 7/5/94 16
SEC, Six Firms Work to Set Derivatives Rules - 7/6/94 17
Piper Manager's Losses May Total $700 Million - 8/25/94 19
Disclosing Data on Derivatives To Be Required - 8/28/94, 10/6/94 20
First Union, Undeterred, Peddles Derivatives to Midsize Firms - 11/28/94 21
Bankers Trust Facing Action On Derivatives - 12/5/94 22
A Royal Mess: Britain's Barings Bets on Derivatives And Cost is Dear - 2/28/95 .. 23
Barings Collapses; Financial System Bears Up Well - 2/28/95 25
Leeson Loses Barings - 2/28/95 .26
Securities Firms Agree to Set Controls on Derivatives - 3/9/95 .27
S&P Takes Rare Stand Against FASB Over Plan to Assess Risk of Deriv's-3/15/95.28
Plain Vanilla Derivatives Can Also Be Poison - 3/20/95 29
Connecticut's Pension Fund May Incur Loss Up to $25 Million on Deriv's-3/28/95 .30
Dollar to Play Central Role in Profit Data - 4/17/95 31
Treasurers of Multinationals Took Risks to Profit From Falling Dollar - 4/17/95 .. 32
Emerging Markets Grab Exchanges' Attention, Attract Bond Investors-4/17/95 33
Where's the Reward in Hedging Against Risk? - 4/27/95 34
Dirty Dealing - 5/5/95 35
. Do Knock-Out Options Need to Be Knocked Out? - 5/5/95 36
A Big Investor Feels Little Fear of Derivatives - 5/22/95 38
SEC Inquiry on Whether Trader Violated Rules Involving College Fund - 3/3/95 . .40
Proper Use of Derivatives Cuts Risk - 7/10/95 41
A Primer on Managing Foreign Currency Risk - 7/10/95 .42
Barings Collapse Tied to Wide Cast in Special Report - 7/19/95 : .44
CFTC Levies Fines Against German Firm - 7/28/95 .45
Paine Webber to Invest $100 Million of Own Capital With Outside Fund -8/8/95 . .46
How to Prevent Future Nick Leesons - 8/8/95 .47
Rein In the CFTC - 8/17/95 .48
SWAPs in Danger - 8/17/95 49
Derivatives Could Hedge Career Growth - 8/24/95 50
Fischer Black, 57, Wall Street Theorist, Dies - 8/31/95 51
Peat Faces Orange County $3 Billion Suit - 9/1/95 53
Index Options Touted as Providing Peace of Mind - 9/5/95 54
Nineteen U.S. Exchanges to Share Data on Dealings - 9/6/95 55
As Orange County Blames Others, Guess Where Latest Report Points - 9/7/95 56
J. P. Morgan Slashes Its Mortgage Business - 9/18/95 57
Armco Hedges to Hold Market Gains - 9/18/95 58
Derivatives' Risks Remain Unchecked - 9/19/95 59
Futures Market Loses Allure as Stocks Soar - 9/15/95 60
P&G Can Add Racketeering to Its Claims - 10/4/95 61
CBOE Proposes a Rule to Quell 'Dorfman Effect' - 10/11/95 62
Harvard is Knee-Deep in Derivatives - 11/20/95 63
Brokerage Firms Take Action to Detect Rogue Traders in Their Midst - 11/29/95 .. 67
New Index Derivatives Target Growth, Value Managers - 11/27/95 69
SEC's Long-Delayed Plan Would Make Companies Disclose Risks - 11/27/95 70
Fanners May Be Next Victims of Derivatives - 12/11/95 71
OTC Derivatives Trading Globally Put at $41 Trillion - 12/19/95 72
Grain Accords Pose Problems for Elevators - 12/26/95 73 ~
Report on Common Fund Cites Warning Signs - 1/17/96 75
Bankers Trust Pays $67 Million to Settle Deriv's Dispute with Finn - 1/25/96 76
SEC Limits Money Market Funds' Risk - 3/22/96 77
Hybrid Issue Skirts Taxes, Federal Law - 3/26/96 78
EU Exchanges Vie for an Edge in Currency Union - 4/3/96 80
FASB Modifies Deriv's Approach In Move to Reduce Profit Fluctuations - 4/5/96 .. 82
'Duration" Is a Key to Bond Funds' Risk - 4/6/96 83
Proposed Accounting Rule Could Boost Per-Share Earnings of Some - 4/1 0/96 84
Commodities Get Bold Push from Goldman - 4/22/96 86
Grabby - 9/18/96 88
Merrill Aides Could Face Charges - 9/25/96 89
Bid to Overhaul Futures Trading Sparks Debate - 2/18/97 90
Pre-Emptive Strike by Derivatives Players - 2/21/97 91
High Court Rules Against CFTC in Options Case - 2/26/97 93
More Finns Use Options to Gamble on Their Own Stock - 5/22/97 94
Variable Success - Global Finance, July 1997 95
Exercising Your Options - Latin Finance, July 1997 98
Credit Derivatives: A Loan Together, AsiaRISK, August 1997 100
Corporate America Bullies FASB, Part IT- 9/11/97 104
Asian Currency Chaos Roils U.S. Tech Finns, But It Isn't All Bad - 12/12/97 105
VaR Offers Another Way to Slice Data - Pensions & Investments, 7/27/98 106
Derivatives= Role in Sell-Off - 9/2/98 107
Fund Partners Got Outside Financing - 9/28/98 108
Regulators Face Calls on Scrutiny of Hedge Funds - 9/28/98 109
Hedge Fund Recently Sold $5 Billion of Assets - 9/29/98 110
Derivatives: A Mixed Bag for U.S. Banks - 9/29/98 112
How Buffett, AIG & Goldman Sought Long- Tenn Capital - 9/30/98 114
What Are Hedge Funds and Who Are They For? - 9/30/98 115
How to Save the World - 9/30/98 116
Most Hedge Funds Play It Safe - 10/1/98 117
Long- Term Capital=s Partners Got Big Loans to Invest in Fund - 10/6/98 118
Long-Term Capital Had Wide Bets - 10/7/98 119
A Firm that Failed Well- 10/12/98 120
BankAmerica Disaster Arose From a Lack of Standards - 10/27/98 121
Long-Term Capital Bailout Spotlights a Fed >Radical= - 11/2/98 122
CFTC Chief Refuses To Take Back Seat In Derivatives Debate - 11/3/98 124
London=s Rate-Setting Is Raising Doubts - 10/11/98 126
Annuity Designed to Battle Volatility Is Also Hurt By It - 12/7/98 128
SEC Probes Hedge Fund=s Disclosure - 12/8/98 129
A Fund Charges It Was Defrauded Of$21.6 Million - 12/24/98 130
Long-Term Capital Partnership May Get $50 Million Fee - 12/24/98 131
New Electronic Options Market Is Bringing Changes to Industry - 5/26/00 132
Leach Criticizes Bank Regulator On Stock Rule - 9/11/2000 134
New Accounting Standard Gets Mixed Reviews - 10/23/00 135
MITTS: Stock Plays for Chickens - Business Week - 4/9/01 136
A Bear-Proof Way to Ride the Market - Business Week - 4/30/01 137
As Enron's Derivatives Trading Comes Into Focus, Gap in Oversight - 1/28/02 . 138
How Ford's Big Batch Of Rare Metal Led To $1 Billion Write-Off - 2/6/02 139
Irish Bank Says a U.S. Trader Lost $750 Million- 2/7/02 142
As Big Losses Grew, Trader's Solution Backfired - 2/8/02 143
Enron's Actions Before News Event May Have Multimillion Payoff -2/15/02 .. 145
Options Aren't Optional in Silicon Valley - 3/4/02 146
Options Trading Explodes Online In Latest Trend - USA Today - 3/18/02 147
The Ugly Option - 4/10/02 148
Is the ProblemStock Options - or Stock Prices? - 4/24/02 149
Accounting for Options - 5/3/02 150
IRS Wants Tech Firms to Report Option Values in Affiliate Deals - 6/24/02 151
Fannie Mae Profit Slides 6.5%, Hurt by Changes in Accounting 152
The Options-Value Brain Teaser - 8/6/02 153
What the New Options Rules Mean - 8/7/02 155
OM to Record Options as Expense But Raises Question on Valuation - 8/7/02 . 157
Contrary Intel Won't Expense Options - 8/8/02 158
The Real Value of Options - 8/8/02 160
Rocky Markets Foil Firms' Bets Based on 'Risk Models' - 9/27/02 161
How EDS Rolled Dice - and Lost - 9/27/02 163
EDS Isn't Alone in Betting on a Rising Stock - 9/27/02 165
A Safe Bet-8/1/03 167
Options May Become Perk of the Past - 4/2/04 168
Intel Urged to Expense Options - 5/20/04 169