Operational risk
Risk USA 2003: Schachter hits out at hedge fund disclosure
Barry Schachter, head of risk management at US hedge fund Sac Capital Advisors, believes quantitative hedge fund information disclosure to investors is relatively meaningless, and that they would be better served by disclosures about the risk management…
Risk USA 2003: Loan managers increasingly rely on credit derivatives, says CIBC's Bennett
Stephen Bennett, global head of portfolio management at Canadian Imperial Bank of Commerce (CIBC), believes credit derivatives are playing an increasingly important role in the loan market, both as hedging instruments and by helping facilitate mark-to…
Scenario-based AMA
Conference paper from the Basel Committee on Banking Supervision's recent Operational Risk conference in New York: This paper, which focuses on aspects of implementing the scenario-based advanced measurement approach was drafted by a team of…
Sarbanes-Oxley requirements could complement Basel compliance
NEW YORK - Banks and financial institutions currently establishing processes to comply with Sarbanes-Oxley section 404 reporting requirements should be able to use those same processes to comply with future Basel II operational risk reporting…
European buy side still lags in risk management
The findings of a recent survey show that buy-side firms have increased their focus on risk management, but are still well behind their sell-side counterparts.
German regulators begin industry dialogue
FRANKFURT - Germany's regulators are about to change the way they interact with the banking industry as they gear up to implement the operational risk portion of Basel II by 2006.
Operational risk: a practitioner's view
The Basel Committee on Banking Supervision ("the Committee") released aconsultative document that included a regulatory capital charge for operationalrisk. Since the release of the document, the complexity of the concept of "operationalrisk" has led to…
Operational Risk and the CIO
Today's CIOs are cutting costs, addressing increased regulatory pressure, and exploring new, cheaper technologies. But are they also introducing more risk into the firm?
Speed The Recovery
Half of the time it now takes for Evergreen Investments to restore its data in its offsite data center is spent driving to the disaster recovery site.
Exclusive survey shows "reality gap"
There is a substantial gap between expectations and reality when it comes to the short-term benefits of putting an operational risk management framework in place. This gap is clearly shown in the results of an exclusive survey conducted by Operational…
The Corporate Action Challenge
Concern (often justified) over the maturity of third-party systems and the lack of industry standards is putting the brakes on the progress of corporate-action automation.
Basel Committee conference solidifies support for Pillar I approach
The long-awaited conference on operational risk issues, organised by the Basel Committee on Banking Supervisions' risk management group, helped solidify support among both bankers and international regulators for the inclusion of operational risk in…
All in Accord
Basel II
Trying to model reality
Credit Risk
Losing track?
Tracking error
Struggling for returns
Hedge funds
Op risk technology
CORPORATE STATEMENT
Implementing a scenario-based AMA
TECHNICAL FOCUS
US congress tries to tame Basel II
REGULATORY UPDATE
Why be standardised?
CP3 COMMENT
Op risk disclosure: a long road ahead
CORPORATE GOVERNANCE SURVEY 2003 -- PART I
Databases scramble to completion
DATABASES AND MODELLING