Operational risk
Upgrading the rating process
As the debate rages over the usefulness of credit ratings, Moody's unveils a set of credit risk indicators derived from market movements. Will 'market implied ratings' silence the agencies' critics?
Downsizing and consolidation continues to be the trend in the EU banking sector
The ECB’s annual report on banking structures shows that consolidation remains the most important structural development in the EU banking sector.
CESR sets out work programme and consultations for Mifid
The EU securities regulators have outlined their programme to implement Mifid requirements, marking the end of the legislative phase for the directive.
The correlation debate
In response to an article on asset value correlations for retail banking portfolios, published in the July issue of Risk, Ashish Dev of KeyCorp argues that the current Basel II rules are slightly too liberal for high-quality credit cards and overly…
SunGard appoints Nayak to head its Basel II business unit
A leading solutions provider for financial services has appointed a head of product development to its Basel II BancWare business unit.
FSA plan to implement Mifid released
The Financial Services Authority has set out a Markets in Financial Instruments Directive plan with details on upcoming consultations and publications before transposition and implementation of the directive.
The MiFID Threat
Thanks to compliance, many of the European Union’s smaller exchanges now face fresh competition.
FSA proposes a model for stress testing
Regulator’s thematic review suggests a way to embed stress testing into the risk management framework.
US regulators to assess international differences in Basel II rules for fairness
Fed chairman promises to see if US version of Basel II imposes costs that outweigh the benefits to US banks.
BIS publishes current best practices in AMA for operational risk
BIS paper shows best practices for the key challenges of internal governance, data and modelling.
FSA will be ready to implement the bulk of the final CRD rules in two weeks
The FSA chief executive confirms that UK is set for Basel II implementation.
Australia suggests new guidance for AMA for operational risk
Apra has published its response to industry submissions to its approach to AMA for operational risk.
BancWare Gets Support for Sox
NEW YORK—SunGard last week released an updated version of its BancWare risk management platform that is intended to help comply with sections of the U.S. Sarbanes-Oxley Act (Sox).
Nine Banks Organize to Build Mifid Utility
LONDON—Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) market structure reforms.
EU must lead global effort to integrate financial markets, says EC commissioner
Mifid and the EU’s clearing and settlement policies will play a vital role in achieving integrated global financial markets, according to a top regulator.
Hedge funds' biggest IT hurdle...
tete à tete: information technology
Crimes and misdemeanours - and how to avoid each when investing in hedge funds
fraud and litigation
How Manly Stanley raised a healthy hedge fund family
As Stanley Fink announces the forthcoming resignation of his CEO seat at Man Group in 2007, those who have seen the industry grow with him reflect on his achievements, and assess his legacy both for Man Group, and for the broader hedge fund industry
Risking it in Russia
When attempting to assess energy risk in Russia today, traditional methods of risk analysis are no longer sufficient; they mustbe accompanied by detailed political risk analysis, writes Robert Amsterdam
Which STP service is the best fit for you?
Plugging in to STP
Kevin Colglazier
The head of fixed income at Standard Asset Management in London, discusses the firm's activity in emerging markets
FEE supports audit benchmarks
Corporate Governance