Foreign exchange/Risk management
A question of priorities
Japan's banks are aware of the need to prepare for Basel II, but it is just one of a number of urgent issues that need to be resolved in the Japanese banking sector.
Europe allows wider role for op risk insurance in Cad 3 [full story]
BRUSSELS - European banks and investment firms would be able to use operational risk insurance to reduce capital charges in all approaches to measuring op risk under new European Union (EU) capital adequacy rules, banking industry and regulatory sources…
Basel II op risk charge will help tackle concerns, says McDonough
NEW YORK - Banking supervisors believe that a separate capital charge for operational risk under the Basel II capital rules will bolster efforts to find better ways of addressing concern about the operational hazards faced by banks, the world's chief…
Banding together for SME credit risk analytics
Germany's banking associations are taking a leading role in getting the country's fragmented banking sector ready to comply with the Basel II capital Accord. Germany's savings banks association, in particular, says it has internal ratings-based systems…
Letter to the editor of Risk : a response to Cosandey and Wolf’s Avoiding pro-cyclicality
Much has been written on the proposed changes to the Basel Accord (Basel II), and we have been surprised that the vast majority of both academic and practitioner literature focuses on the prescriptive regulatory approaches and formulas to calculate…
VAR “not to blame” for 1998 crisis, says leading academic
“There is no evidence to support the assertion that VAR-based risk management systems destabilise the financial system,” says University of California at Irvine professor Philippe Jorion, in a paper just published in the fall 2002 edition of The Journal…
First-half OTC derivatives volumes rise 15%
The value of over-the-counter derivatives notional outstandings grew to $128 trillion by June 30, up 15% from the figure at the end of last year, according to a study by the Bank for International Settlement (BIS). But much of the increase in the…
VAR “not to blame” for 1998 crisis, says leading academic
“There is no evidence to support the assertion that VAR-based risk management systems destabilise the financial system,” says University of California at Irvine professor Philippe Jorion, in a paper just published in the fall 2002 edition of The Journal…
Credit ratings come into FX focus
Credit ratings are becoming increasingly significant to foreign exchange market players, with downgrades increasing in the current economic downturn, market participants told RiskNews ' sister publication FX Week .
Europe allows wider role for op risk insurance in Cad 3
European banks and investment firms would be able to use operational risk insurance to reduce capital charges in all approaches to measuring op risk under new European Union (EU) capital adequacy rules.
IAFE releases op risk white paper for buy-side firms
The International Association of Financial Engineers (IAFE) yesterday released a white paper on operational risk for buy-side institutions, which concludes that business reputation rather than Basel-inspired regulation is the real driver for implementing…
Sponsor's article > Credit derivatives: will the market keep expanding?
This article aims to give a brief overview of some of the main trends in the credit derivatives market and also proposes to analyse some of the underlying reasons why this market is experiencing such a boom.
Sponsor's article > Preparing for Basel II - how urgent?
Delays in Basel II have lulled many into complacency. But despite lack of final details for the regulations, David Rowe argues it is not too early to begin planning and initial implementation.
IAFE releases op risk white paper for buy-side firms
The International Association of Financial Engineers (IAFE) yesterday released a white paper on operational risk for buy-side institutions, which concludes that business reputation rather than Basel-inspired regulation is the real driver for implementing…