Structured products
US agency forming working group on Basel II’s third pillar
BASEL II UPDATE
Losses and lawsuits
LOSS DATABASE
The Basel II capital accord: op risk proposals in brief
BASEL II UPDATE
US banks review legal options against operational risk charge
FRONT PAGE NEWS
Using Bayesian networks to predict op risk
BAYESIAN NETWORKS
UK accepts large banks could use basic op risk approach
BASEL II UPDATE
European Union Basel II/Cad 3 timetable remains tight
BASEL II UPDATE
Op risk floor removed to give flexibility
BASEL II UPDATE
US agency forms working group on Basel II’s third pillar
A working group of financial services industry members and regulators is being formed by the US Federal Deposit Insurance Corporation (FDIC) to recommend a four-point disclosure policy for the third pillar of the Basel II bank Accord.
The energy traders’ trader
Danny Masters co-founded a hedge fund to exploit the untapped potential for risk management in the energy market
Volatility dealers’ conundrum
Margins on dollar-denominated swaptions and constant maturity swaps have narrowed sharply. This is great for clients, but dealers are caught in a bind. Gallagher Polyn asks why
Job moves
QUOTE OF THE MONTH: - “An infectious greed seemed to grip much of our business community” Alan Greenspan, on the corporate governance scandals hitting the US Source: Reuters, July 16
Strategic shortcomings
A survey of 13 private banks’ risk management practices reveals some dangerous shortcomings. Lisa Kastigar of Sherwood Alliance, a Switzerland-based financial consulting firm, examines the challenges for risk managers at these institutions