Feature
CRD timing in doubt
BRUSSELS – The timing of the EU’s Capital Requirements Directive (CRD) remained in doubt as members of the Committee of Economic and Monetary Affairs in the European Parliament submitted a whopping 887 amendments at the May 23 meeting.
OCC targets large banks’ reputational risk
WASHINGTON, DC – The Office of the Comptroller of the Currency (OCC) will be paying particular attention to reputation risk management in large banking organisations, says acting comptroller of the currency, Julie Williams.
Six months for US parallel running?
BOSTON – Regulatory authorities in the US might shave Basel II’s year of parallel running down to just six months, according to several industry sources.
Spitzer probe threatens MBIA bond guarantees
Regulatory scrutiny of accounting practices at MBIA has put pressure on the monoline insurer’s triple-A rating, undermining its guarantees. Hardeep Dhillon reports
Diligence overdue
Investment banks paid a record $6 billion out-of-court settlement for bond investors hit by the collapse of WorldCom. The settlement has not only raised the bar for future payouts in these cases but has also prompted underwriters to reexamine their due…
Living with recognition
Under new accounting rules implemented this year, the majority of Europe's asset-backed securities transactions will now have to be recognised on balance sheet. Will this lead to a drop in securitisation volumes? Duncan Wood reports
Industry groups speak out on SEC rating agency rules
Financial industry bodies broadly greeted the Securities and Exchange Commission's proposed rules on approving nationally recognised statistical rating organisations (NRSROs), but voiced concern that the final rules could be too lax.
A place on the grid
A growing number of banks have implemented grid technology for their risk management and derivatives trading businesses, allowing them to borrow spare capacity from dormant computers to process complex tasks in a fraction of the time. By Clive Davidson
BMO Financial Group selects Reveleus for Basel II Compliance
BMO Financial Group (BMO), the Canadian-based financial services corporation, has selected the Reveleus Basel II Solution for its Basel II compliance requirements.
Basel I will stand the test of time, Says Schmidt Bies
Basel I will remain appropriate for most US banking organisations for years to come, says Susan Schmidt Bies, member of the board of governors of the Federal Reserve System.
Delay of Basel II process in US will not affect Europe
The delay in the release of the Basel II Notice of Proposed Rulemaking (NPR) in the US is unlikely to affect the timeline of the Revised Framework in Europe, according to Patricia Jackson, the former head of the Financial Industry and Regulation Division…
Amend Basel II Trading Book Proposals, Basel Committee urged
American broker-dealers are opposed to some of the proposals recently published by the Basel Committee to improve the management of market risks.
The ABC of PCA
LNG
Freight looks forward
Freight derivatives are increasingly seen as a key risk management tool. Banks and hedge funds are also trading them. But will the growth in liquidity continue, or is this another false start for the market? Stella Farrington reports
Stateside summit
Adding to the success of Energy Risk Europe in March, last month’s Energy Risk USA conference raised some lively debate. ERM, credit risk and the problems facing quant analysts were among the hot topics. Oliver Holtaway reports
North AmericanEnergy Forum
Leading energy market players discuss market trends, credit risk management and the future of the energy sector market, with a special focus on Canada
