Federal Reserve Bank of New York
OpRisk Europe: Implementation is key
Changing the rules
Op risk needs greater R&D effort, say US regulators
Senior Fed regulators call on banks to restart research into op risk management
OpRisk Europe: Reporting key to competent risk management
Reporting is key to competent risk management, yet is often neglected, New York Fed op risk specialist warns
Sponsored webinar: Where does responsibility lie with operational risk?
Webinar hosted by Operational Risk & Regulation and sponsored by Oracle addresses how to improve visibility and acceptance of op risk management techniques
Recovery sparks spate of distressed asset sales
Making good on bad assets
Tri-party repo reforms pose new challenges
Three's a crowd
New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed
CFTC proposals render TriOptima rates repository unfit for purpose
Industry launches new process to select rate derivatives repository, after CFTC proposals far exceed tasks TriOptima’s repository was asked to perform by dealers and bank regulators
Latest ODSG letter shows dealer aims weakened by Dodd-Frank Act
Dealers say they have little appetite for voluntary change when facing big mandatory reforms
Risk Europe: More clearing members preferable, say buy-side panellists
A wider universe of clearing members could help reduce risk, say buy-side representatives – who add they would consider joining
NY Fed’s Krieger: liquidity backstop for shadow banks vital
New York Federal Reserve executive vice-president Sandra Krieger stresses importance of backstop measures to reduce systemic risk arising from shadow banking activities
Voluntary commitments take back seat to Dodd-Frank
Losing commitment
Dodd-Frank hinders new ODSG commitments
Rulemakings are undermining progress, dealers say
New York Fed risk chief joins AIG
Brian Peters named insurer's enterprise risk head
Future of supervisors' letter process unclear in wake of Dodd-Frank
Swap clearing legislation threatens to render OTC market commitments redundant
Global supervisors gather at NY Fed for OTC meet
Regulators and supervisors head to Liberty Street for eighth OTC derivatives gathering
Goldman Sachs names chief regulatory reform officer
Goldman Sachs names chief regulatory reform officer
Changing Hats, January 2011
Changing Hats
Failed transactions render banks illiquid says consultancy
BPG: Failed transactions render banks illiquid
Goldman Sachs appoints Lubke as chief regulatory reform officer
Theo Lubke calls time on 15-year stint with New York Fed to join Goldman Sachs.
Karetsos moves to Vanguard for ERM
Global co-head of op risk departs Goldman Sachs for ERM role at Vanguard
Risk USA: EC likely to follow a US clearing exemption for FX swaps and forwards
Push for global convergence in over-the-counter derivatives regulations means any US exemption is likely to be followed in other jurisdictions, says the EC’s Pearson
The future of the Fed letter commitments
Changing commitments
Minor RMBS losses anticipated as foreclosure freeze wears off
Tranche holders likely to avoid large losses, but legal action threatens servicers