Foreign exchange
IIF calls for Basel and IASB co-operation; warns on Basel II deadline
The Institute of International Finance (IIF), an association of leading banks, has called for more co-operation and discussion on bank capital accounting issues between the Basel Committee on Banking Supervision and the International Accounting Standards…
IIF calls for Basel and IASB co-operation; warns on Basel II deadline
The Institute of International Finance (IIF), an association of leading banks, has called for more co-operation and discussion on bank capital accounting issues between the Basel Committee on Banking Supervision and theInternational Accounting Standards…
Sponsor's article > Basel backlash: the summer of discontent
Regulators in the United States have been voicing their concerns about Basel II for some time. But now banks elsewhere are also opposing some of the proposals.
Sponsor's article > Reason for hope
One disappointing aspect of the Basel II deliberations has been the lack of any proposed change in the treatment of counterparty credit exposures. David Rowe argues that recent dialogue between the Basel Committee and industry representatives offers hope…
The global standard
In this article on anti-money laundering, Dominic Nixon and Rohan Bedi of PricewaterhouseCoopers analyse the final changes to the Financial Action Task Force (FATF) 40 recommendations.
China opts out of Basel II
China's banking regulator, the China Banking Regulatory Commission (CBRC), has opted out of Basel II, declaring that the country's financial institutions won't be ready to adopt the new Accord by the end-2006 deadline.
Forex options software boosts exotics appetite, say bankers
The use of independent foreign exchange options pricing software by corporates may have narrowed banks' margins, but it has given a substantial boost to the exotics market, bankers told RiskNews sister publication FX Week .
Bank West aims for advanced IRB
The Australian Prudential Regulation Authority (APRA) has stated that it expects its four largest banks – ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac – to adopt the most advanced approaches to measuring credit and operational…
Data vendors hold key to Measurisk survival
Measurisk, a US-based risk technology provider to buy-side community, is scrambling to secure cheaper new contracts from its data vendors in a last-ditch effort to remain a viable business concern. If it can’t convince these vendors to lower their prices…
Basel II delay looking increasingly likely
The financial industry's drums are beating strongly for a further delay to the implementation deadlines for Basel II, and such a delay is beginning to look increasingly likely, according to those close to the Basel Committee on Banking Supervision.
Black-Scholes models lose favour for employee stock options
Companies around the world are likely to come under increasing pressure to change their valuation methodologies for employee stock option schemes from traditional Black-Scholes models to binomial approaches, according to the research department of Bear…
SG expands range of UK currency warrants
SG, the investment banking arm of French bank Société Générale, has launched warrants on the US dollar/yen and euro/US dollar currencies on the London Stock Exchange’s warrants market. SG said it also plans to launch warrants on the Japanese Nikkei 225…
ABN Amro shakes up forex division
ABN Amro’s current global head of foreign exchange options, Douglas Bongartz-Renaud, will transfer to a new role in the bank’s wholesale banking business as part of a reorganisation set to take place over the coming months, a source close to the bank…
DRKW expands its prime brokerage services with global macro operation
new offering includes forex, fixed income and derivatives
Tokio Marine launches autumn foliage-linked derivatives
Japan’s Tokio Marine and Fire Insurance has launched autumn foliage-linked derivatives contracts referenced to the country’s daily precipitation index.
Regulator outlines AMA issues for US banks
In a late-July speech at a Risk Waters Group forum on the US's advance notice of proposed rulemaking, the Federal Reserve's Kirk Odegard described how the US would be implementing the advanced measurement approach for op risk, and outlined regulators'…
Barclays links up with Mark-it
Barclays Capital has signed up to provide global historical and current credit derivatives data to Mark-it Partners, a UK credit data company. In return, the bank will have access to Mark-it’s credit price services, including daily mark-to-market data…
Banks behind in op risk systems implementation
Bank operational risk measurement and management frameworks are not yet being used to drive business decision-making at most firms, according to a new survey by PA Consulting, an international financial services consulting firm.
Basel paper outlines way forward for op risk insurers
The Basel Committee on Banking Supervision released a paper in August outlining what the insurance industry must do to design op risk transfer products, including insurance and capital markets products.
Rumbles in the ratings jungle
Things are astir in the ratings jungle. Moody's published a paper earlier this year detailing a specific approach to assessing operational risk. Fitch will shortly be devoting a separate section of its rating reports to op risk. And Standard & Poor's,…
Trade bodies back credit rating agency reforms
Washington, DC - Several financial industry trade associations are supporting reforms to the recognition of credit rating agencies in the US.
Solving The Identity Crisis
Prudential Financial's homegrown Customer Identification Program solution answers the question behind the USA Patriot Act's Rule 326: Do you really know your customer?
The devil is in the detail, CP3 respondents tell Basel Committee
Comments on the op risk portions of the Basel Committee on Banking Supervision's third consultative paper (CP3) were supportive of the overall framework, but highly critical of specific details in the proposal.
On the back foot
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