Basel II
CEBS Chair speaks at European Parliament hearing
Daniele Nouy speaks about the Committee's latest work on the Basel Accord
Banking supervisors endorse new Basel Core Principles
International banking regulators, meeting in Mexico, have endorsed 25 updated Basel core principles for effective banking supervision.
ERM: is the industry all bark and no bite?
This months OR&C Intelligence survey suggests that firms are preparing to buy into ERM but there are concerns that the change may not happen. Ellen Davis reports
Plain English please
Complaints are reaching me about the way in which the US regulators have released the notice of proposed rulemaking (NPR). My sources point out that the advance notice of proposed rulemaking – released way back in those halcyon days of August 2003 – came…
Low-default portfolios without simulation
Low-default portfolios are a key Basel II implementation challenge, and various statistical techniques have been proposed for use in PD estimation for such portfolios. To produce estimates using these techniques, typically Monte Carlo simulation is…
Bonds and... bondage
When I lived in New York City – for most of my 20s – I remember a Thai dinner with a university friend who moaned about the demise of her most recent relationship. Her complaint, oddly enough, was not that her boyfriend had cheated on her. She was…
Another Basel chapter closes
After three years in office, Jaime Caruana is to step down as chairman of the Basel Committee on Banking Supervision. Since May 2003, he has divided his time between Basel in Switzerland, where he oversaw the completion of the Basel II capital adequacy…
Wellink named as new chairman of Basel committee
Netherlands Bank president Nout Wellink will succeed Jaime Caruana as chairman of the Basel Committee on Banking Supervision.
Flag-waving (not wavering)
As an American living in London, I've been acutely aware of the differences a small body of water can make to people's perceptions on certain issues.
A keen eye for convergence
Ellen Davis talks to Danièle Nouy, chair of the Committee of European Banking Supervisors about the CRD, Pillar III and divergence, along with other issues currently occupying the CEBS
The broadening scope of op risk management
Op risk programmes are no longer just about Basel II, according to the latest OR&C Intelligence survey. Ellen Davis reports
Re-balancing risk priorities
Op risk managers are taking an integrated approach to the two thorns in their side – Basel II and SOX – writes Choongo Moonga
New US NPR questions
The US notice of proposed rulemaking (NPR) has finally been published.
The fat tail
Minh-Tri Nguyen and Martin Ottmann aim to quantify op risk with multi-stage curve fitting and extreme value theory applied with the loss distribution approach
US Basel II gone AWOL
Well, has Basel II finally ridden off the rails in the US? This seems to be the case. The inclusion of a new study on Basel II, to be conducted by the General Accounting Office, does rather seem to threaten the timetable that the US regulators announced…
The Basel II Race
Accessing operational risk is vital for any bank that wants to reach Basel II compliance.
The great Basel II debate continues
Regulators have earned mixed reviews on Basel II implementation. By Protiviti's Angela Isaac and Cem Baydar
Compromising on Basel II
As US banking regulators debate how much of the spirit of Basel II should be applied to small and medium-sized financial institutions, the banks themselves are stuck in no-man's land. Will 'Basel 1A' bring more certainty or more argument? John Ferry…
Shaping the future
In lighter, sillier moments down the pub, when we were thinking about what to rename the magazine to help it better reflect the industry's evolution and its content, we went through some rather daft combinations.
Basel II to encourage smaller banks to invest in risky assets
The new Basel II capital rules will encourage smaller banks to invest in riskier assets, according Peter Plaut, a managing director in fixed income research at Bank of America in New York.
Making progress
The recovery in Japan’s banking sector means that country’s banks are closer to meeting the minimum capital adequacy requirements of Basel II than was anticipated even 12 months ago. However, challenges remain, particularly with regards to data. By John…