KPMG

A granular approach to data

The drive for regulatory reform in the US has focused on the availabilty of data, and a bill being discussed in Washington, DC proposes the establishment of national data and research centres.

Credit solution

Many companies have used hedge accounting rules for interest rate hedges, but hedge accounting for credit risk is much less common. Dirk Schubert argues hedge accounting for this type of risk can be applied, and proposes a possible solution

Brazil looks to controls

New legislation in Brazil on banking systems and controls has triggered a flood of sales from large accountancy firms and specialist service providers. John Rumsey looks at the new rules and how Brazilian banks are responding

Bumf and bumf-ability

Each time a directive is altered in the run-up to implementation, the resulting rewording and reprinting of documentation can prove almost as challenging as getting the changes accepted by the industry. When that directive is as large as Mifid, a whole…

Risk managers: rainbow warriors?

Corporate social responsibility is an oft-bandied term among big business, but frustratingly hard to define. Peter Madigan looks at the risk issues for banks and what risk and compliance executives need to know

HBOS operational risk officer joins KPMG

Andrew Smith, former chief financial and operational risk officer at HBOS, has joined KPMG as a London-based managing director in the consultancy firm's financial risk management practice. Smith will develop the group’s technical expertise and expand it…

Fannie Mae earnings filing delayed

US mortgage agency Fannie Mae will not file its third-quarter earnings report on time, and may be hit with approximately a $9.0 billion loss if an investigation into its accounting practices reveals it did not qualify for hedge accounting, the…

Smothered by red tape

In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.

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