Operational risk
Moody’s assessment approach ‘evolving’, says new executive
IMPLEMENTATION OUTLOOK
German majority adopt BIA
REGULATORY UPDATE
Losses and lawsuits
LOSS DATABASE
Testy politicians muscle in on Basel II negotiations
REGULATORY UPDATE
Building society group implements Methodware
TECHNOLOGY
US banks reject op risk capital charge
COVER STORY
Is insurance assured?
OPERATIONAL RISK COMMENT
Conference highlights growing op risk maturity in Ireland
IMPLEMENTATION OUTLOOK
Credit risk catches up
Feature
Job moves
People
German banks plan op loss data consortium
New Angles
Industry KRI study takes off
PHILADELPHIA - A new financial industry initiative to study and define key risk indicators (KRIs) is gathering momentum. The results of the first stage of the process and the simultaneous launch of the second phase were announced in late October.
The ultimate stress-test: modelling the next liquidity crisis
What would happen if one of the world's largest investment banks pulled out of derivatives? Risk managers at Deutsche Bank and JP Morgan Chase are already building this scenario into their stress-tests, and regulators want other banks to do the same.
Op Risk database reveals fraud costs
Fraud is a far greater operational risk than banks have been prepared to admit, according to data compiled by Aon, the insurance company.
Sponsor's article > When is best practice good enough?
A dramatic change in banking regulation has been the move from prescriptive procedures towards 'best practice' risk management. Disagreements about how quickly the new approach can be applied to credit risk is central to arguments about revising Basel II.
Emerging markets to suffer unique Basel II compliance problems
Implementation of Basel II "is a tall order for most emerging markets", said Zeti Akhtar Aziz, governor of the Bank Negara Malaysia at the 12th annual Central Banking Conference in London yesterday.
A-IRB is overly prescriptive, say US banks
Several US banks would like to see a full internal models-based approach to regulatory capital. According to their response to the Advance Notice of Proposed Rulemaking (ANPR) on the implementation of the new Basel Capital Accord, the banks said the…
Research shows op risk capital will surpass market risk capital
A new research paper from the Federal Reserve Bank of Boston shows that the amount of capital that will be set aside under the new Basel II rules "will often exceed capital held for market risk, and that the largest banks could choose to allocate several…
Caruana lambasts lack of credit risk disclosure at banks
Few banks disclose much about their credit risk models, the types of credit risk mitigation techniques they employ, or even the external or internal ratings assigned to their credit exposures, according to Jaime Caruana, chairman of the Basel Committee…
Insurers must do better - FSA
A new study by the UK's Financial Services Authority into risk management at insurance firms concludes that, although practices are improving in general, there is a long way to go before insurers are at the same standard as other types of financial…
SEC produces maverick Basel II framework, redefines op risk
Throughout the Basel Accord revision process, US regulators have had a reputation for going their own way on key issues, and the Securities and Exchange Commission (SEC) is no exception.
Associations to perform economic capital model convergence study
According to the response to the US's advance notice of proposed rulemaking (ANPR), written jointly by the Bond Market Association (BMA) and the International Swaps and Derivatives Association, a number of trade associations are organising a study on the…