US agencies issue more guidance on Basel II
GAO urges regulatory to press ahead with the implementation of Basel II
US banks want a third way for Basel II implementation
The Central Bank of Bahrain is out has with a consultation on its proposals concerning the implementation of Basel II.
With the deadline having passed for submitting Basel II risk model applications to national regulators, Europe's financial institutions should be well on their way to compliance. But the reality is that many are still struggling to implement the new framework.
Integrating coherences between defaults and loss given default (LGD) is postulated by Basel II. If there is a positive correlation between the two, separate models for each lead to biased estimates for the LGD parameters, and the economic loss is overestimated....
Implementation of the core principles of op risk still has a long way to go in the Asia-Pacific region. Ellen Davis reports
Rick Cech takes a second look at what makes up operational risk event types, and asks if there is a more advanced way to define them
Russia is moving ahead with Basel II implementation, with a new industry working group and new regulatory rules. Ellen Davis reports
Richard Martin and Dirk Tasche show that the expected shortfall, when used in the conditional independence framework, has an elegant decomposition into systematic (risk-factor-driven) and unsystematic parts. The theory is compared and contrasted with...
Just what are the world's regulators doing to help move forward the discussion around operational risk?
When it comes to AML initiatives, companies are displaying a worrying disregard for the perils of this criminal threat, despite recognising it as such. By Ellen Davis
HKMA issues a supervisory policy manual (SPM) on the “Use of Internal Models Approach to Calculate Market Risk”.
Basel II was key driver behind over €100 billion of collateralised debt issuance in EMEA.
JP Morgan Chase has set out to US regulators what it considers to be the main operational concerns over the interagency notice of proposed rulemaking (NPR) to implement a new risk-based capital framework based on Basel II.
DnB NORD selects FinArch's Financial Studio for global Basel II compliance.
Four industry bodies have issued a joint letter commenting on the supervisory agencies’ notice of proposed rulemaking on market risk.
Citigroup, JP Morgan, Washington Mutual and Wachovia air their Basel II complaints to the National Economic Council.
Bank become first in UK to gain approval
A new Standard & Poor’s report ‘Assessment Of The Basel II Framework: Incentive To Securitize Corporate Exposures Remains’ has found that the introduction of Basel II is unlikely to translate into reduced securitization of corporate exposures.
SEB internal credit risk models approved by Swedish Financial Supervisory Authority
IRA has released Q3 2006 Economic Capital, Basel II and financial performance indicators for all US banks
HSBC North America Holdings voices its opposition to the Basel II proposal