Central banks
Basel II could reinforce economic cycles more than expected, says BIS study
BASEL – The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.
Basel II could reinforce economic cycles more than expected
The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.
Compromises allow Basel II to progress
The Basel Committee on Banking Supervision said last month that there were no substantial issues remaining with the complex Basel II capital Accord, after a series of compromises involving the capital treatment of loans to small and medium-sized…
McDonough staying with Basel II, Crockett leaving BIS
BASEL, SWITZERLAND - New York Federal Reserve Bank president William McDonough said in July he would continue as head of the group of global banking regulators drafting the controversial Basel II bank capital rules until the job was done.
A piece of the action
Equity derivatives
Quick on the uptake
Systems
McDonough staying with Basel II, Crockett leaving BIS
BASEL II UPDATE
BIS head defends Basel II complexity
BASEL II UPDATE
Losses and lawsuits
LOSS DATABASE
Op risk floor removed to give flexibility
BASEL II UPDATE
Volatility dealers’ conundrum
Margins on dollar-denominated swaptions and constant maturity swaps have narrowed sharply. This is great for clients, but dealers are caught in a bind. Gallagher Polyn asks why
Clearing the obstacles
Credit quality is essential to every energy firm’s success, as recent problems at Aquila and Dynegy attest. Couple this with the post-Enron threat of increased regulation for OTC energy derivatives and it is clear that the energy trading market needs…
Isda changes Japan credit derivatives documentation
Japan’s credit derivatives dealers have opted to drop ‘obligation acceleration’ and ‘repudiation/moratorium’ from the list of credit events for standard credit default swap transactions, bringing Japan in line with the European and US credit derivatives…
LCH and x-clear to launch pan-European CCP next year
The London Clearing House (LCH) and Swiss central counterparty (CCP) x-clear are to launch a pan-European CCP structure in March 2003 for pan-European cross-border equity exchange virt-x.
National regulators able to ‘opt out’ of Basel II maturity treatment
The Basel Committee on Banking Supervision, the architect of Basel II, has climbed down from its initial plans to force banks to include a full maturity adjustment on capital allocated against risk of defaulting loans, in its proposed mark-to-market…
National regulators able to ‘opt out’ of Basel II maturity treatment
The Basel Committee on Banking Supervision, the architect of Basel II, has climbed down from its initial plans to force banks to include a full maturity adjustment on capital allocated against risk of defaulting loans, in its proposed mark-to-market…
BIS head defends complexity of Basel II
The most advanced approaches under the Basel II bank capital adequacy accord are likely to be complex if banks are to have the right incentives to measure and manage their risks, a senior international central banker said today.
Australian structured finance market to pick up in H2, says Moody's
International rating agency Moody's believes the Australian structured finance market will pick up in the second half of the year following a drop in such deals during the first six months of this year.
IMF seeks scrutiny of insurers' credit risk
The International Monetary Fund (IMF) says greater information about insurers' financial markets activities – including credit risk transfers – is needed before their implications for financial stability can be clearly ascertained.
CLNs come of age
Technical