Bank of America
BoA's corporate risk veteran Vandiver to retire
Bank of America’s (BoA) corporate risk management executive Bill Vandiver will retire in March, following 35 years with the Charlotte-based financial services company. He will be replaced by Amy Woods Brinkley, presently deputy corporate risk management…
Blewitt exits creditex for BofA
Former creditex chief strategic officer Dik Blewitt has been hired by Bank of America in New York as a managing director in its structured credit products group. Blewitt will structure credit products using credit derivatives for pension funds and…
The new Accord delayed
Implementation of Basel II has been delayed to 2005, and regulators are revising key elements of their proposals for a new Accord on bank capital.
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.
Asian banks fear unfair op risk capital charges
Operational risk has long been a challenge for Asia’s banks. But many smaller banks in the region fear that a capital charge against such hazards as fraud, computer systems failure and settlement foul-ups would penalise them unfairly if it took the form…
Basel II set to increase bank demand for single-A debt
The new Basel capital accord is likely to lead to increased demand by international banks for senior bank debt, the sovereign debt of industrialised countries and sovereign guaranteed debt that is rated single-A or lower by credit rating agencies.
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.
Documentation dilemmas
Concerns over credit event definitions and the Basel Committee’s ‘ w ’ capital charge on credit mitigation instruments will not be easily resolved.
JOB CYCLE
JOB CYCLE
Merrill Lynch Sets Up Global Risk Service
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