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Operational risk

Taking it slow

Hong Kong's banks are, for the most part, targeting the standardised approach outlined in the new Basel capital Accord, but it is hoped that this will act as a catalyst for the further improvements in risk management.

Credit ensemble

Kevin Thompson and Roland Ordovas address the question of how individual counterparties contribute to the total credit risk of a portfolio. They provide an analytic method, new to credit modelling, to estimate all joint default statistics conditional…

Buy side slow on FpMLtake-up

LONDON - One would be forgiven for thinking that Financial Products Mark-up Language (FpML) is another information exchange standard that has been superseded or has simply run out of steam, given the protocol's low media profile in the wake of the…

Derivatives disclosure calls mount

Warren Buffett's stinging critique of the derivatives business in March represents the latest call for more derivatives disclosure. But despite some notable moves in this direction, most financial institutions remain stubbornly opaque.

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