Operational risk
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…
US legislators question Basel II effectiveness
The Financial Services Committee of the US Congress said today it is not convinced that the current proposals under Basel II will be able to reflect modern risk management practices and eliminate regulatory arbitrage opportunities.
The structure of credit risk: spread volatility and ratings transitions
Ratings-based models are widely used by firms making their own capital decisions and by policy-makers designing regulatory capital requirements. By ignoring fluctuations in spreads for given rating categories, the currentgeneration of ratings-based…
Countdown to Basel II
With Basel II set for implementation in three years' time, some banks in the Asia Pacific region are working hard to align their operational risk systems with the requirements outlined in the new Accord.
Continuous-linked settlement - The Asian connection
Several Asian banks are already using continuous-linked settlement to reduce foreign exchange risk, but with more Asian currencies set to be added over the next year, the number of users looks set to rise further.
Looking good
Japan
Securitisation boost at S&P and HBOS
People news
Conferences further boost the profile of corporate governance
IMPLEMENTATION OUTLOOK
Research shows op risk capital will surpass market risk capital
IMPLEMENTATION OUTLOOK
Oriag to be disbanded
REGULATORY UPDATE
Legislators scrutinise self- regulation at stock exchanges
REGULATORY UPDATE
Industry KRI study takes off
IMPLEMENTATION OUTLOOK
No rest for PCAOB executives
REGULATORY UPDATE
Industry objects to EU CAD draft
COVER STORY
BIS mulls over tough issues
REGULATORY UPDATE
What’s coming, and when
REGULATORY UPDATE
Litigation risk from op loss databases prompts draft bill
IMPLEMENTATION OUTLOOK
Basel Committee publishes paper on bank compliance
REGULATORY UPDATE
US blackout reveals remaining BCP challenges, experts testify
REGULATORY UPDATE