New York-based rating agency Standard & Poor's (S&P) has cut its ratings on 18 US banks - a decision reflecting less-favourable operating conditions, greater volatility in financial markets and tighter regulatory supervision, according to the firm.
Ten US banks collectively require an additional $74.6 billion in additional capital to insulate against possible losses over the next two years, the results of US government stress tests show.
Operational risk software vendors say the market is shaping up, but is this view still too optimistic? By Dianne See Morrison
How much capital should banks reserve against investments in portfolio securitisations? Asserting that recent proposals on this subject by Basel are inconsistent, Michael Pykhtin and Ashish Dev propose a new analytical model suitable for tranches of large...