Foreign exchange
Unleashing Asia's demons
The Basel Committee’s new consultative paper on capital adequacy could wreak havoc with Asia’s domestic banks. The revamped rules will make the shortcomings of their risk management systems all too clear.
Do we need a broader definition of op risk?
BASLE II UPDATE
What can loss databases do for you?
BASLE II UPDATE
New UK money laundering research starts in April
MONEY LAUNDERING
An advanced model for op risk capital calculation
BASLE II UPDATE
Insurers seek a united front to put the case for Op Risk insurance
Leading insurance companies are looking at ways of forming an industry body to put the case for using insurance to help mitigate operational risks faced by banks, industry executives say.
EU anticipates critics in its Op Risk charge proposals
While debates still rumble on over the new Basel capital accord, the European Union Commission's capital adequacy rules are prompting another set of arguments.
Regulators may issue Basel II discussion document in response to banker fears
Global banking regulators are likely to issue an interim discussion document in June or July on their proposals for a new bank capital accord, in a response to banker concerns about the complexity of those plans.
Boom or bust for risk consultants
Basel capital reform should mean a lot more business for risk management consultants. But a shortage of the right specialists could prevent them from cashing in.
Basel's new credit model
The Basel Committee’s new consultative paper allows banks to internally rate individual credits. But at the portfolio level, Basel wants to apply a single model framework, based in part on a technical paper published in Risk magazine in October 1998.
Openness essential to avoid Basel II Op Risk inconsistency, say credit-raters
Openness and disclosure between banks and global regulators will be "highly desirable, if not essential" if there are not to be major inconsistencies in setting operational risk charges after 2004.
The Op Risk questions which US banks must answer
US banking regulators want US banks to review and comment on all aspects of the new Basel capital adequacy accord proposed by global banking supervisors. The deadline for receiving comments is May 31, 2001.
Five reasons why regulators should approve the loss-distribution approach
The Basel Committee shied away from the most risk-sensitive way of calculating an op risk charge, says Michael Haubenstock. He argues for a green light.
Documentation dilemmas
Concerns over credit event definitions and the Basel Committee’s ‘ w ’ capital charge on credit mitigation instruments will not be easily resolved.