Basel II
What to do with the treasure we've found?
This month, I've quite literally been around the world checking on the state of the operational risk industry. From my base in London, I've been to our conferences in both Singapore and New York.
Basel Committee chairman says changes on European supervision needed
Basel chair outlines vision for European supervision
Standardised approach in US depends on credit risk ruling
Daily news headlines
State of the art
Guido Ravoet, secretary general of the European Banking Federation, talks to Victoria Pennington about changes in regulatory framework, the substantial amount of work facing compliance and risk executives, and why he thinks the EU financial regulatory…
Hometrack outlines who wins most from Basel II
Taking the advanced approach is best for large retail mortgage lenders.
NPR brings gloom for US banks
Basel II notice of rulemaking (NPR) responses vary widely on the best approach.
Alliance & Leicester becomes UK’s first Basel II approved bank
FSA approves Alliance & Leicester's Basel II regime
ICBA slams Basel II NPR
Independent Community Bankers of America commends the banking agencies' proposal to retain the Tier I leverage ratio and the transitional safeguards as part of the implementation of Basel II capital rules
Harvesting loss data
Although often the core of Basel II models, loss event data is usually less robust than op risk executives would like. Peter Madigan explores the challenges around collection, clearing and enrichment
Fed chairman says Basel II NPR deadline will be met
Ben Bernanke tells Senator Shelby Basel II NPR deadline will be met
Lebanon & Gulf Bank opts for Misys for Basel II compliance, asset liability management and AML
Lebanon & Gulf Bank selects Misys Almonde to comply with Basel II regulatory requirements and fulfil its Asset Liability Management requirements.
Indian banks are ramping up risk management systems, says survey
A survey conducted by Oracle India, i-flex solutions and the Indian Banks Association (IBA) has revealed that a majority of Indian banks plan to build comprehensive risk management systems while progressing with their Basel II compliance initiatives.
South Korea on target for Basel II
The South Korean Financial Supervisory Service (FSS) will begin screening banks’ Basel II programmes from June.
Two heads are better than one
Glenn Christensen of Synovus Financial Corp. introduces an enterprise risk management strategy known as the Bifurcated ERM Methodology
Resolving the confusion
Risk control self-assessments have become a Tower of Babel for the op risk discipline, with a variety of different approaches being taken. Ellen Davis reports
GAO report: common sense with a twist
The new report from the US's Government Accountability Office has much common sense in it.
Two speeches; two very different views of Basel II in the US
Comparing the views of two US banking supervisors shows just how close the US is to reaching an impasse over Basel II.
Russia opens up
Russia is moving ahead with Basel II implementation, with a new industry working group and new regulatory rules. Ellen Davis reports
Agencies seek comment on new proposed supervisory guidance for Basel II
US agencies issue more guidance on Basel II
US GAO recommends implementing Basel II
GAO urges regulatory to press ahead with the implementation of Basel II
Banks call for third way to implement Basel II
US banks want a third way for Basel II implementation