CIMA will introduce Basel II in stages, following PwC impact study
The Cayman Islands Monetary Authority (CIMA) has said it will introduce Basel II in stages, following an impact study conducted by financial services company PricewaterhouseCoopers.
Patrick Bodden, CIMA’s acting managing director, said: "The implementation of the framework is a vital part of the Cayman Islands’ continued commitment both to modern risk-based supervision and to meeting internationally accepted and applied supervisory standards.”CIMA said that it would publish a summary and an implementation timetable over the coming months.
More on Risk Management
ABSTRACT This paper shows that traditional measures of bond systematic risk based on unadjusted past returns have very large downward biases. After we develop an improved method for calculating the market...
ABSTRACT This paper studies the approximation of extreme quantiles of random sums of heavy-tailed random variables, or, more specifically, subexponential random variables. A key application of this approximation...
ABSTRACT Because publicly available measures of deposit runoff risk are scarce, regulators' models to measure interest rate risk in the banking book are based on very coarse assumptions about the allocation...
ABSTRACT This paper analyzes and quantifies the idea of model risk in the environment of internal model building. We define various types of model risk including estimation risk, model risk in distribution...
Sign up for Risk.net email alerts
Sponsored video: Elseware
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.