Operational risk
SAS acquires OpRisk Analytics
Technology
SEB calls on Basel Committee to continue LDCE exercises
Basel Committee’s op risk conference
European buy-side lags in operational risk management
Implementation outlook
Losses and lawsuits
Loss database
Credit rating agency debate flares
Regulatory update
Technology briefs
Systems
Technology briefs
Systems
Opportunities abound in Europe for shareholder activism to profit
hedge fund managers profit from proactive intervention
Actions speak louder
Financial consultancy firm CityIQ, commissioned by Swift and SmartStream, canvassed over 240 firms about their activities in the corporate actions arena. The May 2003 survey showed widespread automation potential.
Basel II: Time to prepare
Following the publication of the third and final consultation paper, Japan's banks are focusing more seriously on Basel II. With the new requirements set to take effect from 2006, most banks face a critical year ahead.
A new dawn
Now that the financial community has finally become comfortable with derivatives, the next challenge is to trade these instruments using STP methods. STPforum reports
A new focus on old risks
Operational risk can wreak havoc on financial institutions’ businesses, yet measurement of operational risk is not nearly as developed as that of credit or market risk. Legislation is forcing firms to face up to the problem and STP may help them on their…
Wrestling With Two Kinds of Growth
Storage needs were already estimated to be growing 50 percent a year. Now, add industry regulations, and firms are looking to get creative with storage technology.
Hedge Funds’ Double-Edged Sword
To meet investor and regulator concerns, many hedge funds must provide more transparency--while still keeping their strategies close to the vest.
Basel II heralds a new ‘golden age’ for risk, says BofE's Jackson
Basel II is creating a new lingua franca for risk that will usher in a “golden age” of risk management, said Patricia Jackson, special adviser to the Bank of England, at Risk magazine’s Basel II Forum in London today. The debates surrounding the wording…
Catching the Basel 'tail wind'
Christian Jimenez, chief risk officer at Eulia, has used momentum from regulatory change to overhaul antiquated risk management policies.
Corporate Governance Survey 2003, Part 1 >> Op risk disclosure: a long road ahead
Although most banks now have a separate section on operational risk in their annual reports, disclosure levels vary considerably. Here, Operational Risk's editorial staff review 15 bank annual reports to uncover reporting and management practices in 2002
Firms rise to the op risk data management challenge
NEW YORK - Like all risk management problems, operational risk relies on a sufficient supply of good quality data if analysis is to be meaningful and decision-making effective.
Banks counter IAS39 threat
Banks are developing new structuring models for corporate clients to ensure the IAS39 accounting standards do not result in a reduction of complex foreign exchange hedging activity, Risk's sister publication FXWeek reports.
JP Morgan Chase launches buy-side risk management product
JP Morgan Chase is launching a new risk management service, MorganRisk, to enable buy-side clients to gauge market risk in their own investment portfolios using the same proprietary methodologies used by the US bank.
CP3 Comment: Why be standardised?
It seems such a short time ago that we were building a new capital Accord, which would incentivise banks to improve their risk management and encourage them to move along the spectrum of the new Accord's three stages. How rapidly things can change.