Operational risk
SEC passes new AS5 Sox auditing rules
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Risk management and stability better under Basel II, but industry unprepared
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Optimized enterprise risk management
As the result of the increasing costs of risk and compliance activities, enterprises are beginning to integrate compliance and risk management into a comprehensive enterprise risk management function and thus proactively address all sorts of risk,…
Nasdaq calls for further amendments to Sox 404
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Risk management and stability better under Basel II, but industry unprepared
Basel II will improve risk management and stabilise the banking system, but almost half the industry is not sure they will be ready in time.
Auditors more involved in risk management
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S&P releases Pillar 3 guidance
Standard & Poor’s guidance aims to promote sound market discipline
S&P releases Pillar 3 guidance
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Confusion reigns over Mifid, finds JWG-IT and IFR report
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Final guidance issued on Mifid Level 3
The long-awaited final guidance from the Committee of European Securities Regulators (CESR) on the Level 3 implementation of the Markets in Financial Instruments Directive (Mifid) was finally issued last month.
Banking on a more advanced approach
Banks must review their advanced measurement approach models if they are to experience a smooth transition under the new Basel II regime. By Thomas Kaiser, of consultants KPMG
Industry warns against EU commodity regulation
The European Commission has been cautioned against inappropriate regulation of commodity derivatives by a working group of industry bodies.
The best-laid plans ..
Strategic risk is recognised as a potential serious risk under Pillar II of Basel II. But isolating what strategic risk actually is, let alone how to quantify it, has caused some problems for risk managers. Bob Allen of the Australian Prudential…
Basel II “doubly flawed”, according to UK researcher
Basel II is “doubly flawed” in comparison with Basel I, because external credit rating agencies and in-house models are used to set risk weights.
Updated technology introduces new model for credit scoring
Callcredit, a credit reference agency, and Fair Issac, a technology company, are introducing a new version of their CallScore platform, which “delivers significantly more predictive power”.
European Commission threatens EU member states behind on Mifid
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CESR out with long-awaited Liquid List
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CESR lists liquid shares
The Committee of European Securities Regulators (CESR) has published details of shares that qualify as liquid for the purposes of the Markets in Financial Instruments Directive (Mifid).
CEIOPS draws main conclusions from members’ meeting
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has published the main conclusions of the members’ meeting, which took place on June 27–28.
BIS releases working paper on credit risk
The Bank for International Settlements has published a paper entitled Modeling and calibration errors in measures of portfolio credit risk.
Hedge funds fall for that Gallic charm
While institutional investors in France may be turning their attention to non-correlated returns, they know what they like (and don't like), and it pays for managers to find out first, as David Walker explains
With merger mania, can short ever be sweet?
UK equity hedge fund managers believe private equity bid deal analysis holds the answer to working a short book in the current markets, says Solomon Teague
Operating optimally
The increase in energy trading in recent years has brought significant opportunities but also a rise in operational risk, leaving systems struggling to keep up. Barney Brown at Detica identifies some areas of operational risk deriving from both internal…
Batting for British banks
PROFILE: ANGELA KNIGHT