Central banks
Banking on progress
Technology
Basel regulators put op risk charge below 15%
Global banking regulators will cut to below 15% from 20% the benchmark figure on which they intend basing the controversial operational risk capital charge they propose for large international banks from 2005.
Fed arranges swap deals to smooth liquidity
The US Federal Reserve has agreed temporary swap arrangements with the European Central Bank (ECB), the Bank of England and the Bank of Canada designed to help international banks meet any shortfall of dollars needed to settle market positions created by…
Utimaco Safeware Launches Mobile Authentication Server System
TECHNOLOGY NEWS
Elimination Of A Major Op Risk In Currency Markets Looms
SETTLEMENT RISK
Basel II seen as meeting key challenge
The Basel II banking accord is the latest and highly welcome example of how regulators and policy-makers are meeting one of the two key challenges facing them today, Bank for International Settlements (BIS) president Urban Bäckström said in June.
Loss distribution approach on agenda
BASLE II UPDATE
Basle II seen as meeting key challenge
BASLE II UPDATE
Technology News
NEWS
Leading insurers argue the case for op risk insurance
FRONT PAGE NEWS
Banks and investment firms: not peas in an Op Risk pod
The Basel Committee’s op risk proposals threaten to damage European investment firms, says Angela Knight. She calls for a broader review of the problems.
Basel II could endanger stability if cuts in capital charges are too big, says UK central banker
Financial stability would be endangered if new capital adequacy rules meant large international banks saw a significant cut in the capital they have to set aside against the risks of banking, a senior UK central banker said in April.
Banks And Investment Firms: Not Peas In An Op Risk Pod
BASLE II UPDATE
Unleashing Asia’s demons
The Basel Committee’s new consultative paper on capital adequacy could wreak havoc with Asia’s domestic banks. The revamped rules will make the shortcomings of their risk management systems all too clear.
Do we need a broader definition of op risk?
A definition of op risk should embrace the linkages with market and credit risk, argues Ken Swenson.
Unleashing Asia's demons
The Basel Committee’s new consultative paper on capital adequacy could wreak havoc with Asia’s domestic banks. The revamped rules will make the shortcomings of their risk management systems all too clear.
Do we need a broader definition of op risk?
BASLE II UPDATE
Documentation dilemmas
Concerns over credit event definitions and the Basel Committee’s ‘ w ’ capital charge on credit mitigation instruments will not be easily resolved.