Basel II
Corporate Collapses Change Role Of Compliance
To prevent exposure to massive claims, compliance technology is increasingly moving to the front office.
The Hunt For Terrorist Cash
One month after the attacks on Sept. 11, Congress passed the USA Patriot Act. Now every financial firm in the country is a deputy in the search for terrorist funding.
Op Risk Looks Back... To the 18th Century
The 300-year-old statistical methods of Thomas Bayes are experiencing a renaissance.
Legal risk optimisation
Allen & Overy's Carolyn Jackson discusses the importance of a quantitative approach to legal risk.
Creative solutions for unique problems
Credit risk management systems are surprisingly sophisticated at many Nordic banks. Ellen Leander examines the changes being made to existing infrastructure to keep that edge.
Looking to the new horizon
Can a firm cut costs while increasing operational risk controls? This is just one of the many challenges facing the investment industry.
EU wants Cad 3 study to look at bank lending to smaller companies
BRUSSELS – The European Commission said it launched a tender today for a study that would pay particular attention to the consequences for small and medium-sized enterprises (SMEs) of proposed new European Union (EU) banking capital rules.
EC wants Cad 3 study to look at bank lending to smaller companies
The European Commission said it launched a tender today for a study that would pay particular attention to the consequences for small and medium-sized enterprises (SMEs) of proposed new European Union (EU) banking capital rules.
Australian capital/asset ratios consistent with credit ratings, says S&P
MELBOURNE – The capital to asset ratios of the four major Australian banks, as measured by credit rating agency Standard and Poor’s own approaches, are consistent with the banks’ double A ratings, S&P said today.
Singapore harmonises risk-based regulation of financial firms
SINGAPORE – Singapore financial regulators said today they would integrate risk-based regulation of banks, insurance companies and investment firms under a new department from September 1.
UK allows for Basel II delays in risk-based rules for financial services
LONDON - UK regulators said in late July they would implement their plans for uniform, risk-based rules for UK-based banks, insurance companies and securities firms in several stages, instead of one or two, following delays to the Basel II bank accord.
Op risk floor removed to give flexibility
BASEL, SWITZERLAND - Global banking regulators have removed the operational risk capital floor previously proposed under the Basel II capital accord to give banks flexibility in developing op risk management systems.
Basel Committee reissues op risk paper to give broader scope
BASEL, SWITZERLAND - Global banking regulators reissued in July, as they had said they would, a consultative paper on sound practices for operational risk management to give it a broader scope for smaller, local banks.
UK accepts large banks could use basic op risk approach
LONDON - The UK’s chief financial market watchdog said in July it accepted that a large international bank could use the basic indicator approach, the simplest of the three approaches to calculating operational risk capital charges proposed under the…
Nash joins the Royal Bank of Scotland
Ralph Nash, previously with the secretariat of the Basel Committee on Banking Supervision in Basel, Switzerland, joined the Royal Bank of Scotland (RBOS) in July as London-based Basel II operational risk co-ordinator for the RBOS group.
Fitch gets OpVar loss database with NetRisk purchase
NEW YORK - Fitch Risk Management, part of rating agency Fitch, said in mid-July it was acquiring NetRisk and its subsidiary OpVantage, both Connecticut-based risk management companies.
US banks review legal options against operational risk charge
WASHINGTON - US opponents of capital charges as a protection for banks against operational risk are not giving up the fight following the reaffirmation by global banking regulators of their faith in such charges.
Beyond the pail
Australia’s regulator has hinted that it may work outside of the Basel Accord to set its own risk weightings for residential mortgages if adjustments aren’t made, writes Nick Sawyer.
Back to the floor
Australia’s major banks are all targeting the advanced measurement approach for calculating operational risk capital under the new Basel Accord. As such, the concept of a floor is proving irksome, writes Nick Sawyer.
Basel II could reinforce economic cycles more than expected, says BIS study
BASEL – The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.
Basel II could reinforce economic cycles more than expected
The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.
Letter to the Editor: Forbearance measures needed for Basel II
Wilson Ervin and I published an article in Risk last year on the danger that the Basel II proposed reforms of bank capital will lead to procyclicality, ie, pressure on banks to sell assets or raise capital at inopportune times, due to the risk…
Compromises allow Basel II to progress
The Basel Committee on Banking Supervision said last month that there were no substantial issues remaining with the complex Basel II capital Accord, after a series of compromises involving the capital treatment of loans to small and medium-sized…
McDonough staying with Basel II, Crockett leaving BIS
BASEL, SWITZERLAND - New York Federal Reserve Bank president William McDonough said in July he would continue as head of the group of global banking regulators drafting the controversial Basel II bank capital rules until the job was done.