Basel II
Regulators drive op risk innovation, says Meridien
Banks will need to step up their efforts to comply with the operational risk components of the revisions to the Basel Accords, says a new report from Meridien Research, a consultancy based in Massachusetts.
Cross-sector risk transfer regulations should be reviewed, say FSA respondents
The UK's Financial Services Authority (FSA) recently released feedback on responses to Discussion Paper 11, which focused on the effects of risk transfer between the banking industry and the insurance industry via credit derivatives and related products,…
Malcolm Knight named BIS chief
The Bank for International Settlements (BIS) has appointed Malcolm Knight as general manager of the Basel-based institution. He replaces Andrew Crockett, who is set to depart in March.
Canada's shifting credit scene
Canadian banks' attitude towards loan portfolio management is changing, and the impending Basel II Accord is accelerating the evolution of internal practices.
ABA sets up new op risk committee
The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…
Basel Committee expects to make announcement on QIS 3 findings in first quarter of 2003
BASEL - The Basel Committee on Banking Supervision expects to make a preliminary announcement on the findings of the QIS 3 survey of banks late in the first quarter of 2003, a Bank for International Settlements (BIS) spokesperson said at the end of…
Abbey National Distributes Risk
A distributed computing system has solved the bank’s overnight batch processing needs. Next up: boosting intra-day processing capacity.
SIAC's New Spelling for Safety
The company that runs the computer systems and communications networks that power the New York Stock Exchange and the American Stock Exchange is overhauling the way it views redundancy.
Op Risk systems: A moving target
Collecting and storing appropriate operational risk data remains a problem for technology managers and operational risk managers alike. Is any progress being made?
Enterprise-wide risk management: Knitting together bank risks
Thanks to recent events, bank risk managers are placing more emphasis on integrating counterparty and credit risk into other portions of their enterprise-wide risk management systems.
Credit and credibility
Credit risk modellers have made giant strides, but they still have to convince regulators that they can make the world a safer place.
Hong Kong banks lagging in preparation for Basel II
Hong Kong's banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Hong Kong banks lagging in preparation for Basel II
Hong Kong’s banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Trade associations launch IRB survey
The International Swaps and Derivatives Association, the Risk Management Association and the British Bankers' Association today launched a survey of the validation of banks' internal credit ratings, a key element underlying the internal ratings-based …
ORX database expected early next year
LONDON - The operational risk loss database run by the Operational Riskdata eXchange Association (ORX), a consortium formed by 12 international banks to pool their op risk data confidentially, is expected to begin operating around the start of February,…
Cad 3 - Against their will [full story]
Europe's asset management industry is chiding Brussels bureaucrats for trying to bury it under a mountain of Basel-inspired regulation, which could boost costs and capital charges.
Small firms welcome EU proposals
BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.
Commission highlights weak points of op risk insurance
BRUSSELS - The European Commission highlighted in November major drawbacks to the use of operational risk insurance to reduce op risk capital charges, despite its readiness to explore a wider use of insurance than that proposed in the Basel II bank…
Greenspan says international rules reflect cultural differences
WASHINGTON – Efforts to synchronise individual countries' regulatory systems are far more than a technical exercise – they largely reflect differing conventions of business behaviour, especially attitudes toward competition, US Federal Reserve Board…
EU spells out pillar 2 powers
BRUSSELS – The European Commission seems to have spelled out how it sees the second pillar – supervisory review – of its new bank capital rules in greater detail than global banking regulators have so far done for the Basel II accord, banking industry…
Basel Committee expects to meet tight QIS 3 schedule
BASEL – Global banking regulators believe they will be able to keep to their tight schedule for examining the results of the key QIS 3 survey of banks and publishing the third consultative paper on the Basel II accord on bank safety in May.
Academic voices dissatisfaction with Basel II
The Basel Committee on Banking Supervision still has a great deal of work to do before the Basel II capital accord can be successfully implemented at financial institutions, Jacques Pézier, director of the risk management group of the ISMA Centre at the…
Basel II to boost both large and small banks' loan prices
The prices of some loan products for retail and middle-market corporate clients will almost certainly rise when banks implement the Basel II capital Accord in 2006, according to speakers at Risk 's Capital Allocation 2002 USA conference this morning.
Basel II to boost both large and small banks' loan prices
The prices of some loan products for retail and middle-market corporate clients will almost certainly rise when banks implement the Basel II capital Accord in 2006, according to speakers at Risk ’s Capital Allocation 2002 USA conference this morning.