Feature
Caruana to end stint as Basel Committee chairman
Jaime Caruana will step down as chairman of the Basel Committee on Banking Supervision in July, when his six-year tenure as head of the Spanish central bank expires. A Bank for International Settlements (BIS official says the Committee plans to discuss…
FSA puts flu on the agenda
The UK's Financial Services Authority (FSA) has urged banks to draw up business continuity plans in the case of a global pandemic, a month after the first human cases of avian flu emerged in Europe.
Scaling op risk management for SMIs: how to avoid boundary disputes
In the fourth of the series, Eric Holmquist looks at managing the crossover between op risk and other risk types to ensure no potential risk events fall between the cracks
Bear Stearns names risk chiefs
Investment bank Bear Stearns has named Michael Alix as chief risk officer and Robert Neff as his deputy.
The Basel II Race
Accessing operational risk is vital for any bank that wants to reach Basel II compliance.
The capital calculation question
Industry comments on Basel II have concentrated most on corporate credits. But the modelling of retail portfolio risk is a new field, and there is much greater scope for disagreement about how capital should be calculated.
MiFID support high, despite the costs
In the first of a new series of articles surveys exploring in more detail the inner workings of the op risk and compliance disciplines, Georgina Kenyon examines the results of a recent survey into the controversial MiFID directive
Economic crime: the ongoing challenge for compliance and risk professionals
Economic crime remains a significant and growing threat to organisations across the globe. The results of PricewaterhouseCooper's 2005 global economic crime survey revealed that 45% of organisations worldwide have been a victim of economic crime over the…
Citigroup adopts Reveleus' Basel II solution
Citigroup is to implement the Reveleus Basel II solution to support the global bank's US and international regulatory requirements under the Basel II Accord.
A case for convergence?
With Basel II regulatory capital becoming increasingly more risk-sensitive, the value of a separate economic capital system must be questioned. Christopher Hall of Risk Advisors considers the differences between economic capital and regulatory capital,…
Business continuity in financial services firms
We were reminded in 2005 that significant business disruptions continue to occur in varying forms and levels of intensity. The London bombings of July 7, the devastation caused by Hurricanes Katrina and Rita in the late summer and the New York City…
S&P revamps RatingsDirect
Standard & Poor's, the New York-based ratings agency, has introduced an updated RatingsDirect, its research and risk analysis tool that provides real-time online credit ratings for investment professionals.
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