May 31, 2004 News Archive

May - Capital and Market Risk Insights
The May 2004 issue of the Capital and Market Risk Insights is now available. Topics include Short Put Options in Retail CDs: A Hidden Source of Interest Rate Risk, Recent Developments in an Electrifying Environment: An Analysis of the German Market for Energy Trading, and Interest Only Mortgages.

Agencies Request Comment on Statement Concerning Complex Structured Finance Activities
In a joint press release, five federal agencies requested public comment on a proposed statement describing the internal controls and risk management procedures financial institutions should have to engage in complex structured finance activities.

Special Edition of Profitwise News and Views Focuses on Home Ownership Preservation Initiative
The May Special Edition of Profitwise News and Views comprises a summary of presentations by Neighborhood Housing Services of Chicago, the City of Chicago, and key financial institutions in Chicago on the progress of The Home Ownership Preservation Initiative (HOPI), a foreclosure prevention and foreclosed property reclamation initiative.

Governor Bies on Corporate Governance
Governor Susan Bies spoke to the Institute of Internal Auditors Financial Services Conference recently, specifically focusing on corporate governance, internal control fundamentals, and the proposed new COSO framework on Enterprise Risk Management.