EY

China's largest banks prepare for Basel II

Increased competition and the desire to expand overseas is forcing Chinese banks to start preparing for the implementation of the new Basel Accord, also known as Basel II, according to supervisory officials in that country.

Learning from Esops' fables

France's SNCF is concentrating on the risks, particularly the operational ones, associated with its new employee savings programme. Duncan Wood reports on its progress, and throws light on the various other Esop-type products on the market.

Prmia opens six new chapters

The Professional Risk Managers International Association (Prmia) has opened six new offices with a new regional director named to lead each of them. The new offices are in San Francisco and Vancouver in North America; Munich, Athens and Istanbul in…

Emisphere recruits chief financial officer

New York-based biopharmaceutical company Emisphere Technologies has hired former Ernst and Young derivatives specialist Elliot Maza as chief financial officer. He will be responsible for leading the company's effort in financial operations, planning and…

Despite concerns, banks act on Basel II

Jörg Behrens and Peter Davis of the Ernst & Young Global Financial Services Risk Management Practice, present the results of a global survey of financial services managers'opinions about the future of the Basel II process and its effects on their…

Survey spotlights doubts on Basel II

The proposed operational risk charge remains the single most controversial aspect of Basel II, the new Accord on bank regulatory capital, according to a survey jointly conducted by Ernst & Young and Risk.

Back to the floor

Australia’s major banks are all targeting the advanced measurement approach for calculating operational risk capital under the new Basel Accord. As such, the concept of a floor is proving irksome, writes Nick Sawyer.

Asset managers run for cover

UK investment firms are facing increasing risk management pressures, thanks to new regulatory initiatives, legal challenges and a shift in operating environment. Coping will require a major investment in technology infrastructure – especially in the…

New disclosure rule boosts pension risks

New UK accounting rule FRS 17 will force companies to disclose pensions liabilities on corporate balance sheets. The risk management issues are wide-ranging, and experts have few easy answers. Furthermore, the new rule could soon be adopted in a number…

The Basel Accord: A tough nut to crack

Crafting a capital charge for operational risk has proven to be a project fraught with controversy. International regulators’ first attempt raised the industry’s hackles. David Keefe reports on recent – and further expected – compromises by the Basel…

Good in parts

Tony Blunden welcomes the Basel regulators’ latest thoughts on operational risk, but questions their continued emphasis on the past.

Preparing for the worst

Small and medium-sized banks in the US and Europe are bracing themselves for Basel II. Gallagher Polyn examines how these institutions plan to adapt to the new Accord.

The shifting sands of Basel II

Four months after the Basel Committee on Banking Supervision closed the consultation period on its January 2001 draft for a new international capital Accord, it has already made major amendments to its proposal.

Asian banks fear unfair op risk capital charges

Operational risk has long been a challenge for Asia’s banks. But many smaller banks in the region fear that a capital charge against such hazards as fraud, computer systems failure and settlement foul-ups would penalise them unfairly if it took the form…

The case of the missing controls?

The Basel regulators' proposals for operational risk aren't as risk-sensitive as the committee seems to think, says Tony Blunden. He argues the supervisors should pay more attention to recent developments in corporate governance.

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