Operational risk
Time for buy-side IT push
Buy-side firms now recognise the strategic benefits and operational efficiencies that technology can bring. And, despite adverse market conditions, Fritz McCormick of Celent Communications believes IT investment is set for continued growth, especially…
Basel's CDO solution
As the Basel Committee on Banking Supervision continues its stately progress towards a revised capital Accord, one area remains under debate: the proposed capital rules for asset securitisations.
Driving down fixed costs
Outsourcing could be the key to institutions keeping up with the cost of installing technologies able to cope with CLS, Basel II and STP, and could provide a vital comfort zone in future-proofing your IT.
G30 - Moving in the right direction
The latest G30 report on global clearing and settlement offers more than a few worthwhile suggestions. But Kristina West says there is still much to be done before the industry will wholly embrace the recommendations.
Why risk IT?
Ever more complex investment risks with crushing liability factors and increased client scrutiny demand new and highly sophisticated technology, says Adrian Pay of LatentZero.
Terrorism insurance - Modelling the unthinkable
In November, the US government passed a law requiring all insurers to underwrite terrorism risk, forcing them to find a way to price this exposure. Could terrorism risk models be the answer?
Tailoring internal models
Swiss Re's Pablo Koch Medina, Frank Krieter and Stephan Schreckenberg highlight the key features and main limitations of internal risk models for insurers.
Meeting Basel II head on
Regulators are urging banks to update their rating methodologies in preparation for Basel II. Fitch Risk's Treeve Coomber thinks his new product will help to meet this challenge.
Funds in the sun
Financial investment has sculptured the landscape in the Bahamas and it is now home to more than 750 regulated funds
NY Fed’s Rutledge outlines US plans, IRB goals
William Rutledge, executive vice-president of the New York Federal Reserve Bank, outlined the next steps US regulators will take to implement the Basel Accords in the US.
European demand for op risk talent set to surge in 2003
LONDON — Executive recruiters are seeing a strong rise in interest in hiring operational risk talent for commercial and investment banks, and dozens of fresh mandates.
Tailoring internal models
Risk models
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.
Mark-it Partners puts it all on Red
Deutsche Bank, Goldman Sachs and JPMorgan are negotiating the sale of their credit derivatives reference entity database, Red, to UK credit risk data company Mark-it Partners.
Op risk charge flawed, says State Street
WASHINGTON, DC - "It is difficult to see how a regulatory operational risk-based capital rule would have promoted the financial system’s rapid recovery on 9/11," said David Spina, chairman and chief executive officer of State Street Corporation, the…
Profile: SEB strives for total operational risk acceptance
STOCKHOLM, Sweden — Within the discipline of operational risk, it's often fancy mathematical models and souped-up databases that executives choose to focus on. But Lars Hansén, manager of Swedish financial company SEB's group op risk team, says it's the…
Algo teams up with Agena to solve op risk data history issue
Canadian risk management technology supplier Algorithmics has teamed up with UK software company Agena to help institutions to model operational risk better.
The beauty parade
Investment consultants
Trade groups beg for changes to Cad3
REGULATORY UPDATE
Advancing op risk management using Japanese banking experience
TECHNICAL FOCUS
ORX and ABA databases to become fully operational
DATABASES AND MODELLING
US regulators clash over Basel rules at Congressional hearings
FRONT PAGE NEWS
The six hats of operational risk management
IMPLEMENTATION COMMENT