Operational risk
Promulgating pro-cyclicality
Collaboration between financial supervisors has never been higher. But as the regulation of banks and insurance companies becomes increasingly homogenised, fears are growing about the possibility that the new rules will increase the severity of a global…
A successor to VAR?
Regulators may be pressing banks to more rigorously stress test their portfolios, but when it comes to how hedge funds apply the technique, debate remains as to how and what they should be testing. John Ferry reports
5% salary growth continues for energy risk execs
Salaries and total compensation for risk professionals at energy companies continued to grow at an average of 5% in 2005 over the previous year, according to the Professional Compensation Survey.
Isda and IACPM endorse credit capital model
Lead trade associations have called for a credit capital model that calculates regulatory capital using an internal models-based approach.
The road to Basel II
The new Basel capital Accord is creating headaches for banks around the globe. However, Middle Eastern institutions that offer Islamic banking products have even more hurdles to jump. By John Ferry
Highlights from the e-symposium
Yesterday’s e-symposium featured presentations from around the world on the state of Basel II implementation and outstanding issues. Following is a synopsis of what our speakers had to say.
FDIC to seek comments for standardised approach
The FDIC has bowed to industry pressure to include the standardised approach in the NPR, despite the Fed’s insistence that AMA is vital to safeguarding the financial system.
Mifid Level II measures published in the Official Journal
The level II measures to implement the Markets in Financial Instruments (Mifid) directive have been published in the European Commission’s Official Journal.
Automating the derivatives dilemma
derivatives
Hedge funds must be ready for big waves
information technology
Regulatory shake-up for rating agencies
Legislation being debated in Congress would tighten up oversight of rating agencies and broaden the criteria for joining the elite NRSRO-approved club of leading agencies
Calls for SOX reform due to IPO exodus
Regulatory update
US and EU forge financial reporting cooperation
Corporate governance
You can't always get what you want
Software
UK FSA seeks to define Mifid best execution requirements
Regulatory update
FSA opens Mifid period for depolarisation consultation
Regulatory update
AmBank praised for good corporate governance
Corporate governance
BP applies for patent
Measurement
SIA and Utah agree to suspend law
Management
Effective date set for IFRS
Corporate governance
BPS launches module
Measurement