Infrastructure
Basel scraps 'w' charge from pillar 1
The Basel Committee on Banking Supervision has reacted to strong industry criticism of its controversial 'w' charge by scrapping it from pillar 1, regulatory capital, of its proposed new regulatory capital requirements – Basel II. It will now be included…
Basel regulators put op risk charge below 15%
Global banking regulators will cut to below 15% from 20% the benchmark figure on which they intend basing the controversial operational risk capital charge they propose for large international banks from 2005.
Fed arranges swap deals to smooth liquidity
The US Federal Reserve has agreed temporary swap arrangements with the European Central Bank (ECB), the Bank of England and the Bank of Canada designed to help international banks meet any shortfall of dollars needed to settle market positions created by…
S&P affirms ‘AAA’ ratings on US clearings
The US's central securities depository, the Depository Trust Company (DTC), and three clearing bodies, the National Securities Clearing Corporation (NSCC), the Options Clearing Corporation (OCC) and the Board of Trade Clearing Corporation (BOTCC), have…
Movers and shakers
Jeff Benjamin looks at the challenges that foundations and endowments pose
Bernstein admits change of heart at ARS conference
Peter Bernstein, author of “Against the Gods”, the best-selling book on the history of risk, now says he “got the point all wrong” in the book. Bernstein, giving the keynote address at Risk magazine’s Alternative Risk Strategies 2001 conference in New…
Isda says more work needed on accounting standard
The International Swaps and Derivatives Association (Isda) has filed comments on the draft standard “Financial Instruments and Similar Items”, proposed by the Joint Working Group of Standard Setters (JWG).
Core satellite investing: harmony through separation
Asset allocation
Firm-wide risk management for funds
Firm-wide risk
The destructive power of ‘best practice’
Capital management
Image options and the road to barriers
Barrier options
Basel II delay to add to banks’ confusion
LONDON - Confusion about operational risk is likely to increase among several major banks as a result of the 12-month postponement of the Basel II banking accord, according to Andrew Grant, London-based head of risk practice at professional services firm…
A call to action for Op Risk insurers
Insurance companies must not waste time now the Basel II regulators have shown an amber light to operational risk insurance, say Roland Avery and Daniel Butler.
A Call To Action For Op Risk Insurers
BASLE II UPDATE
Does Outsourcing Reduce Op Risk?
OUTSOURCING
Basle II Delay To Add To Banks’ Confusion
BASLE II UPDATE
Wall Street Systems Adopts FpML
TECHNOLOGY NEWS
The Basle II Capital Accord: Op Risk Proposals In Brief
BASLE II UPDATE
Jospin raises the spectre of Tobin
French prime minister Lionel Jospin has resurrected the debate over the Tobin tax – a tax on international capital flows designed to discourage short-term currency speculation – by publicly supporting the concept in an address to the French nation.
Aquila outsources risk management expertise
North American energy company Aquila is to start outsourcing energy trading and risk management services to third parties, following the creation of a new unit, Radius Group.
Currenex snares Caterpillar
Manufacturing firm Caterpillar Independent has started using the FXTrades platform provided by multi-bank FX portal Currenex to support its FX operations.
Entering new markets
ABN Amro Asset Management has successfully moved into the hedge fund arena. Gary Smith looks at how it has kept ahead of the competition
VAR: who contributes and how much?
Portfolio risk management