Feature
Wrestling With Two Kinds of Growth
Storage needs were already estimated to be growing 50 percent a year. Now, add industry regulations, and firms are looking to get creative with storage technology.
Hedge Funds’ Double-Edged Sword
To meet investor and regulator concerns, many hedge funds must provide more transparency--while still keeping their strategies close to the vest.
Sending Stock Certificates to the Shredder
Increasing shareholder acceptance of electronic proof of ownership is giving a big push to efforts to dematerialize physical stock certificates.
Law firm launches new collateral legal risk management service
Derivative Services, an affiliate of the international law firm Allen & Overy, has launched a legal risk management service aimed at addressing the complex legal analysis required to take on collateral for derivatives transactions.
US to complete further quantitative impact studies, says Ferguson
To assess the impact of the Basel II regulatory proposals on US banks that will be adopting that framework, the Federal Reserve and other banking regulators are planning to conduct a series of quantitative impact studies during the implementation period,…
Catching the Basel 'tail wind'
Christian Jimenez, chief risk officer at Eulia, has used momentum from regulatory change to overhaul antiquated risk management policies.
Basel Agonistes
Perhaps only by comparison with the 1988 Basel capital Accord does its successor look appealing. Basel I is widely derided for institutionalising irrationality in lending and loan portfolio management.
Corporate Governance Survey 2003, Part 1 >> Op risk disclosure: a long road ahead
Although most banks now have a separate section on operational risk in their annual reports, disclosure levels vary considerably. Here, Operational Risk's editorial staff review 15 bank annual reports to uncover reporting and management practices in 2002
Firms rise to the op risk data management challenge
NEW YORK - Like all risk management problems, operational risk relies on a sufficient supply of good quality data if analysis is to be meaningful and decision-making effective.
CP3 Comment: Why be standardised?
It seems such a short time ago that we were building a new capital Accord, which would incentivise banks to improve their risk management and encourage them to move along the spectrum of the new Accord's three stages. How rapidly things can change.
A race to the finish
The Basel Committee's third consultative paper contained few surprises. Regulators are nowfocusing on implementation, despite banks' major concerns about the treatment of riskmitigation techniques.
Insurance: evolution beyond CP3
NEW YORK - Stringent new requirements for the use of insurance to offset capital charges for operational risk have been spelled out in the Basel Committee’s third consultative paper (CP3).
A new direction
Taiwan
Scenario-based AMA
Conference paper from the Basel Committee on Banking Supervision's recent Operational Risk conference in New York: This paper, which focuses on aspects of implementing the scenario-based advanced measurement approach was drafted by a team of…
Sarbanes-Oxley requirements could complement Basel compliance
NEW YORK - Banks and financial institutions currently establishing processes to comply with Sarbanes-Oxley section 404 reporting requirements should be able to use those same processes to comply with future Basel II operational risk reporting…
European buy side still lags in risk management
The findings of a recent survey show that buy-side firms have increased their focus on risk management, but are still well behind their sell-side counterparts.
German regulators begin industry dialogue
FRANKFURT - Germany's regulators are about to change the way they interact with the banking industry as they gear up to implement the operational risk portion of Basel II by 2006.
Operational Risk and the CIO
Today's CIOs are cutting costs, addressing increased regulatory pressure, and exploring new, cheaper technologies. But are they also introducing more risk into the firm?
Sponsor's article > Basel II much?
US regulatory authorities are considering allowing smaller banks exemption from Basel II. But who would gain from this - and who would lose? Alan Bright, marketing communications manager at SunGard Trading and Risk Systems, takes some soundings.
Speed The Recovery
Half of the time it now takes for Evergreen Investments to restore its data in its offsite data center is spent driving to the disaster recovery site.
Exclusive survey shows "reality gap"
There is a substantial gap between expectations and reality when it comes to the short-term benefits of putting an operational risk management framework in place. This gap is clearly shown in the results of an exclusive survey conducted by Operational…
The Corporate Action Challenge
Concern (often justified) over the maturity of third-party systems and the lack of industry standards is putting the brakes on the progress of corporate-action automation.
Sarbanes-Oxley Prompts JP Morgan Upgrade
The firm says that for years industry proxy voting systems have been so poor that automation hasn't been worth the effort - until now.
Making the most of Basel II
Introduction