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The risk monitor
As systemic risk concerns resurface, Gerald Corrigan, co-chair of Goldman Sachs’ firm-wide risk committee, has revived an industry group formed after the LTCM debacle. By Navroz Patel
Living with volatility
Three months after the new International Financial Reporting Standards came into effect, European companies are waiting to see how the rules will be received by investors and analysts. Duncan Wood reports
In the spotlight
The Financial Services Authority has warned banks about the high number of unsigned confirmations in the credit derivatives market. Banks need to take action to clear the backlog, and with the FSA watching closely, they need to do it quickly. By Hann Ho
Regulation into returns
Managing one of the largest US commercial mortgage portfolios entails tough operational risk and Sarbanes-Oxley compliance challenges. General Motors Acceptance Corporation’s commercial mortgage arm is meeting the challenge and cashing in on its new…
Concern over ABS op risk grows
Recent defaults, downgrades and losses have prompted increased concern among investors about the operational risks associated with securitisation, according to a new Standard & Poor’s (S&P) survey.
Isda looks to past and future
Members of the International Swaps and Derivatives Association celebrated two decades of derivatives achievements at the trade body’s twentieth annual general meeting in Barcelona last month.
Pillar I too complex for small countries
The complexity of Pillar I of the New Basel Accord is forcing smaller, resource-constrained countries, to delay the implementation of the aspect of the Accord that involves the determination and measurement of minimum capital requirements.
Chile releases Basel II timetable
The Chilean Superintendent of Banks and Financial Institutions (SBIF) has released a Basel II consultative document that also details the country's implementation plan for the new Basel Accord, according to Gunther Held, head of research at the bank…