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Operational risk

Basel harmony still a long way off, notes IIF

“No-one really appreciated the complexity of the whole [Basel Accord] process,” says Charles Dallara, managing director at the Institute of International Finance (IIF). “It is only in the last nine months that regulators and bankers have woken up to the…

Latin banks face up to Basel II

Latin American countries should focus on adopting better risk management practices rather than rushing to implement Basel II, according to speakers at a seminar held in Mexico in July.

Sponsor's article > Basel II: time for action

Despite some lingering issues, the main points of contention around the revised Basel II capital Accord have been resolved, and implementation seems more certain than it has for several years. David Rowe argues it is time to stop hoping it will go away…

AIB repays €26m for overcharging

Allied Irish Banks (AIB) said it is repaying €26 million ($32 million) it overcharged clients on three million FX deals, after a regulator slammed the bank in a report last week.

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