Feature
The growing maturity of op risk and compliance
In Operational Risk ’s second annual survey on compliance, executives focus on the cost of regulatory initiatives. By Dianne See Morrison
Another chance for enterprise-wide risk management
Are operational risk departments ready to take on the function of enterprise-wide risk management? Choongo Moonga reports
Basel committee clarifies calculation of expected operational risk losses for AMA
The Operational Risk Subgroup of the Basel Committee Accord Implementation Group (AIGOR) has released further guidance on how banks can adequately capture expected losses (EL) in their business practices.
Asia’s op risk quantification challenge
Asia’s regional regulators have mixed opinions when it comes to operational risk, finds Ellen Davis
A Cleaner Act for Credit Derivatives
As credit volumes have increased, firms must grapple with price transparency and operational risk.
A step up the ladder
Following Barclays' acquisition of Absa in July, the South African bank has decided to implement the advanced internal ratings-based approach to Basel II. Other banks have decided to follow suit. By Laurence Neville
Risk and responsibility
A growing number of banks are producing sustainability reports detailing their environmental and socially responsible initiatives. Is this just slick PR or has sustainability become an important risk management consideration? Clive Davidson investigates
A question of longevity
Pricing and management of longevity risk is gaining in prominence for life and pensions companies. But the market for longevity risk on the pension side remains underdeveloped
Leading the pack
Nordic banks are well ahead with their Basel II programmes compared with their international peers. But there are concerns about home regulator rules and advanced credit risk data requirements. Laurence Neville reports
Looking to the future
Sweden's life insurance companies and occupational pension plans will radically change the way they discount their liabilities and stress test their portfolios under new rules being drafted by the country's top financial regulator.
CEBS defends record
LONDON – The accomplishments of the Committee of European Banking Supervisors (CEBS) over the past 12 months were outlined by Danièle Nouy, vice-chair of the organisation, at a British Bankers’ Association conference in London in mid-October. Although…
Mixed signals for derivatives
New solvency regulations in Sweden will force life insurers and occupational pension funds to mark their liabilities to market and stress test their positions under a new 'traffic light' regime. While the final result is unclear, the new rules look set…
Banks warned over regulatory risk
WASHINGTON, DC – Banking organisations should not overemphasise regulatory risk at the expense of more significant business risks, according to John Allison, chief executive officer of BB&T Corporation, the North Carolina-based $107 billion financial…
CEBS' AMA and IRB guidelines under fire
LONDON – Industry groups have hit out at the Committee of European Banking Supervisors’ (CEBS) guidelines on implementation, validation and assessment of advanced measurement (AMA) and internal ratings based (IRB) approaches, or ‘Consultation Paper 10’.
Pushing the boundaries
The introduction of IAS 39 this year has caused some corporate treasurers to rethink their use of derivatives. Banks are looking to structure derivatives solutions that achieve the economic objective of a hedge, while avoiding undue volatility on the…
Capital modelling: Correlations in ESGs
Hoping to gain a competitive edge, leading life companies are demanding more control of their capital calculations, but can their ESG suppliers keep up with the demand?
Asia Risk Awards 2005
Risk manager of the year bank: HSBC
More IT for MiFID
MiFID's success hinges on IT prospects, write Choongo Moonga and Phil Craig . But many in the industry are balking at the costs involved
Singapore initiates competency standards
SINGAPORE – The Singapore government, through the Institute of Banking and Finance (IBF), launched the beginnings of a Financial Industry Competency Standards (FICS) programme in early September.
Prime brokers - the real winners of hedge fund industry growth?
service provision: prime broking
LBO funds steer their steady course
leveraged buy-outs
Do funds of hedge funds really add value for investors?
academic paper