Six jurisdictions conducted exercises only for transition risk
Rules must address uncertainty and risks, and not be too complex, says Bank of Italy's Trapanese
Op RWAs had been falling since Q3 2019
Draft directive offers national regulators power to override controversial exemption
Banks should inform savers about senior bonds’ place in resolution hierarchy
Splitting off prop trading would ‘complement’ EU resolution regime
JP Morgan is to use S&P Indices' new Italy LargeMidCap Index as the basis for bespoke structured products
Further downgrades for Italy would cause its inflation-linked bonds to drop out of a Barclays Capital index, prompting mass selling by fund managers, dealers fear
Incoming president of the European Central Bank warns against pressure to water down regulatory reform, in this edited version of a foreward to a new Risk book
Pillar II is causing banks to face challenges from host regulators
OpRisk Europe speakers and delegates give insight into the 13th annual OpRisk conference
Changing the rules
Marco Moscadelli, Bank of Italy
Vittorio Vecchione, Alessandra Agostini and Paolo Talamo
New European banking, securities and insurance regulators name their first chairs
After 20 years at Italy’s central bank, Marco Moscadelli knows his country’s banking industry well. But this hasn’t narrowed his focus, and pivotal roles on European supervisory bodies have also given him a say on how the operational risk is approached…
Italian authorities are investigating IOR president Ettore Gotti Tedeschi over account irregularities
Sovereign interventions are sacrificing market efficiency in order to deliver price stability, according to the former US Treasury attaché to the European Union
Allowing banks to ignore falling bond prices for capital purposes is a legitimate move, says regulator
Banca Italease is to reorganise its risk management and control processes following the announcement of a net loss of €686 million from its derivatives business.
Banca Italease is expected to report losses of around €500 million on its derivatives portfolio later today.
Lodi’s Banca Popolare Italiana (BPI) has significantly wound down its derivatives positions and lowered its risk profile since September 2005, when it was in the middle of a failed take-over bid for Banca Antonveneta under previous chief executive…
In mid-July, an official from the Bank of Italy posted a paper, The modelling of operational risk: experience with the analysis of the data collected by the Basel Committee, which is beginning to garner attention in international op risk circles.