Foreign exchange/Risk management
Hong Kong banks lagging in preparation for Basel II
Hong Kong's banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Hong Kong banks lagging in preparation for Basel II
Hong Kong’s banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Trade associations launch IRB survey
The International Swaps and Derivatives Association, the Risk Management Association and the British Bankers' Association today launched a survey of the validation of banks' internal credit ratings, a key element underlying the internal ratings-based …
Cad 3 - Against their will [full story]
Europe's asset management industry is chiding Brussels bureaucrats for trying to bury it under a mountain of Basel-inspired regulation, which could boost costs and capital charges.
Small firms welcome EU proposals
BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.
Capturing value from energy supply and trading
New Frontiers
Commission highlights weak points of op risk insurance
BRUSSELS - The European Commission highlighted in November major drawbacks to the use of operational risk insurance to reduce op risk capital charges, despite its readiness to explore a wider use of insurance than that proposed in the Basel II bank…
Greenspan says international rules reflect cultural differences
WASHINGTON – Efforts to synchronise individual countries' regulatory systems are far more than a technical exercise – they largely reflect differing conventions of business behaviour, especially attitudes toward competition, US Federal Reserve Board…
Academic voices dissatisfaction with Basel II
The Basel Committee on Banking Supervision still has a great deal of work to do before the Basel II capital accord can be successfully implemented at financial institutions, Jacques Pézier, director of the risk management group of the ISMA Centre at the…
Basel II to boost both large and small banks' loan prices
The prices of some loan products for retail and middle-market corporate clients will almost certainly rise when banks implement the Basel II capital Accord in 2006, according to speakers at Risk 's Capital Allocation 2002 USA conference this morning.
British and US banks placed on risk list
Banks in Britain and the United States are threatened by increased risks due to possible falls in asset bubbles, and are now vulnerable to financial stress, according to credit rating agency Standard & Poor’s (S&P).
Moody’s puts Natexis’ financial strength rating on review for downgrade
Credit rating agency Moody’s has placed the B- financial strength rating of Natexis Banques Populaires on review for possible downgrade, following the French bank’s confirmation late last week that it had made a significant loss at its structured equity…
Afa Systems to de-list from London’s main exchange
Afa Systems, a UK provider of pricing, portfolio modelling, trading and risk management software, plans to de-list from London’s principal stock exchange and move its shares to London’s Alternative Investment Market (Aim).
BIS: OTC derivatives notionals rise 15% in the first half of 2002
The Bank for International Settlements said total notional volume of over-the-counter contracts outstanding increased 15% to almost $128 trillion in the first half of 2002.
Basel II to boost both large and small banks' loan prices
The prices of some loan products for retail and middle-market corporate clients will almost certainly rise when banks implement the Basel II capital Accord in 2006, according to speakers at Risk ’s Capital Allocation 2002 USA conference this morning.
Natexis hit by heavy equity derivatives losses
French bank Natexis Banques Populaires has made significant losses from its equity derivatives trading business due to poor risk control and failures in the bank’s valuation models.
Against their will
Cad 3
S&P says Basel II helping to improve German banking
FRANKFURT – The proposed Basel II bank safety rules, weak operating performance and shareholder value considerations are behind a trend to more efficient capital allocation, prudent cost control and risk-adjusted pricing in German banking, a leading…
Deutsche Bank seeks plays on EU convergence
Deutsche Bank has launched a Central European foreign exchange (CEFX) convergence index designed to provide optimally weighted risk/return exposure to the Polish, Hungarian, Czech and Slovakian currencies. The index is tradable as a spot currency, with…