Operational risk
CEBS issues reporting framework
CORPORATE GOVERNANCE
Fears over MiFID legal structure
REGULATORY UPDATE
OpenPages launches new solution
MEASUREMENT ADVANCES
Briefs
CORPORATE GOVERNANCE
Exchange status 'will reduce conflict of interest', says Nasdaq
REGULATORY UPDATE
RiskBusiness exercise to improve capital models
MEASUREMENT ADVANCES
CEBS consultation paper "a disappointment"
REGULATORY UPDATE
Briefs
MANAGEMENT INTELLIGENCE
A call for documentation
REGULATORY UPDATE
Briefs
COMPLIANCE TOOLS
Understanding annuitisation
Review
Operational risk - Operational VAR: a closed-form approximation
Klaus Bocker and Claudia Kluppelberg investigate a simple loss-distribution model for operational risk. They show that, when loss data is heavy-tailed (which in practice it is), a simple closed-form approximation for operational value-at-risk (VAR) can…
A practical operational risk scenario analysis quantification
Thomas Alderweireld, João Garcia and Luc Léonard define an operational risk scenario analysis and its quantification technique, leading to the determination of the loss distribution characteristics. The method is based on simple questions put to…
Could do better?
OR&C INTELLIGENCE
Buy the pool
Pension funds
Questioning the numbers
Model risk has become a key focus for financial institutions. But how do dealers ensure their models are implemented correctly and that they accurately reflect the risks an institution is running? By Laurence Neville
Kamakura expands CDS information service
Kamakura has added credit default swap (CDS) correlations for 16,000 CDS to its online credit information service.
The power of association
An increasing number of industry professionals are hankering after a trade body for structured products, but some think that such a move would simply result in more red tape. Meanwhile, Germany and Finland have set the wheels in motion with their own…
Software product of the year: Adaptiv, SunGard
If banks weren't aiming to manage their counterparty credit exposures and credit limits on a global basis before, Basel II gives them plenty of incentive to do that now. But it can be a huge task.
Sponsor's article > Bank of America Selects SunGard’s BancWare for Basel II Compliance and Reporting
SunGard today announced that Bank of America has extended its relationship with SunGard with the selection of the BancWare Capital Manager (previously called Basel II Capital Manager).
Raising the standard
The German insurance industry is actively pushing forward the discussion on the standard model within the scope of Solvency II
Pillars of wisdom
European insurance regulation is shifting from Pillar I rulebook to Pillar II dialogue. But the dialogue may be evolving into a poker game. Aaron Woolner reports
UK Minister hails Solvency II
Ivan Lewis MP, a minister at the UK's Treasury with responsibility for insurance, has hailed the Solvency II process as a mechanism to enable the EU's insurance industry to remain competitive in the face of the globalisation of the financial services…