Risk Staff
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Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Mandate expands, but money doesn’t
Operational risk managers face two contradictory forces: greatly increased responsibility but not-so-greatly increased resources, according to our third annual global operational risk survey. By Ellen Davis
Basel Committee calls for dialogue on ERM
MONTE CARLO – Ryozo Himino, secretary general of the Basel Committee on Banking Supervision, called on bankers and regulators to engage in a constructive dialogue to achieve the dream of real enterprise-wide risk management, in a keynote speech at the…
Complaints over SOX compliance fall largely on deaf ears
WASHINGTON, DC – Recent protest from corporate executives about the expense and amount of time consumed by firms in their efforts to comply with Section 404 of the Sarbanes- Oxley Act (SOX) was met with mere acknowledgement at hearings held by the House…
FSA to skip QIS4 to concentrate on QIS5
LONDON – The UK’s Financial Services Authority (FSA) will not be participating in a quantitative impact study four (QIS4), but will instead focus on providing information for a QIS5, according to a letter from the regulator to industry association…
Deutsche hires El Khoury
Jean El Khoury has joined Deutsche Bank as a director, US index trading, in the securities arm’s global markets division.
New home-host guide from CEBS
MONTE CARLO – The Committee of European Banking Supervisors (CEBS) is planning to publish a paper in July for a three-month consultation period that will ‘flesh out’ the home-host framework for the advanced measurement approach, according to senior CEBS…
CDOs unlikely to be affected by GM and Ford, says Fitch
Synthetic collateralised debt obligations (CDO) are unlikely to experience downgrades on the back of weakening credit ratings in the US automotive sector, says Fitch Ratings
Basel II NPR to be delayed
WASHINGTON, DC – US federal banking agencies may revisit the Basel II implementation timeline, after additional analysis of the quantitative impact study four (QIS4) results. The additional analysis will delay the release of the Basel II Notice of…
Barriers to entry
Accounting rules have long given bankers headaches. And IAS 39 compliance could even put banks looking to enter the structured products market at a competitive disadvantage. Patrick Fletcher examines how the rules are affecting the shape of the industry
A Five-Year Plan
In an ambitious project, HVB Americas is cutting trade exceptions, consolidating its data warehouse and automating a raft of manual processes.
Basel IIBetter for everyone?
On June 26, 2004, international banking supervisors agreed in Basel, Switzerland to a new framework that will alter the way many banks calculate their capital requirements. The new Basel Capital Accord is to be phased in during 2007 and is scheduled for…
Plugging the gaps
Italian banks have overhauled the risk management of their loan portfolios. But weaknesses still remain, particularly in the area of risk-adjusted pricing and credit risk transfer. Rachel Wolcott looks at what steps Italy’s banks are taking to fill the…