Basel II
UK watchdog will not pressure banks on advanced Basel II
The UK’s principal financial market watchdog will not pressure banks to adopt the advanced approaches to measuring risk capital under the Basel II banking Accord, UK Financial Services Authority (FSA) managing director Michael Foot said today.
S&P: compromises could lead to “meaningless” Basel II
Global banking regulators must take great care to ensure the Basel II capital Accord isn’t overly weakened or even rendered meaningless by compromises over conflicting national interests, credit rating agency Standard & Poor’s (S&P) said in a report…
Australian banks heading for advanced IRB
Australia’s four major banks are making good progress in implementing strategies and systems for Basel II, with all four banks targeting the advanced internal ratings-based (IRB) approach, according to rating agency Standard & Poor’s (S&P).
Management quality seen as key issue in insurance regulation
The big question facing the UK’s principal financial market watchdog in developing risk-based safety rules for insurance firms is how to regulate for the quality of management in a firm, Sue Kean of the UK Financial Services Authority (FSA) said in…
Insurers must work with regulators to develop risk models
The key to developing risk models for risk-based regulation of insurance companies is for insurers to work closely with financial supervisors to ensure their approval, professional services firm KPMG partner Jane Leach told an insurance solvency…
Basel II won’t affect most US banks, central banker says
The Basel II bank capital Accord will have virtually no effect on most US banks, US Federal Reserve Board vice-chairman Roger Ferguson said today.
US minimum bank asset ratios suggested for larger banks
European banking supervisors might follow the example of US regulators and develop the concept of well-capitalised banks with higher minimum protective capital than required under the Basel bank capital adequacy Accord, according to some European…
Risk managers leapfrog lending officers in bank hierarchy, says Greenspan
US Federal Reserve chairman Alan Greenspan said risk managers are now overtaking loan officers in the decision-making hierarchy at financial institutions, with new quantitative risk management techniques a key factor behind this transition.
Regulators to review abolition of Basel II op risk floor
Global banking regulators have asked their technical experts to look at the conditions necessary to eliminate the floor limiting gains for banks using advanced approaches to measuring operational risk under Basel II.
The Impact of Basle II on the Dealing Community
Overlook the implications of Basle II at your peril, says Garfield Hayes, head of marketing communications at Wall Street Systems.
Average 10% cut in SME loan charges possible under Basel II
Loans to smaller businesses under the Basel II bank Accord would on average require 10% less protective capital than loans to larger companies under plans being worked on by global banking regulators.
Bank risk management weaker in Asia-Pacific, study shows
The connection between risk management and corporate strategy is generally weaker in banks in the Asia-Pacific region than in more developed markets, according to a study by credit rating agency Standard & Poor’s (S&P).
Credit risk in asset securitisations: an analytical model
How much capital should banks reserve against investments in portfolio securitisations? Asserting that recent proposals on this subject by Basel are inconsistent, Michael Pykhtin and Ashish Dev propose a new analytical model suitable for tranches of…
Basel II SME solution close
Global banking regulators are optimistic they can resolve by mid-June the vexed question of the treatment of lending to small to medium-sized enterprises (SMEs) under the Basel II capital Accord.
Real-Time Risk Aggregation
Buy- and sell-side survey respondents say batch processing and poor reference data are hindering real-time, firm-wide risk assessments.
The future for Basel II
With Basel II delayed yet again, will revisions to the capital Accord happen at all? David Rowe says Basel I is the best argument for persevering, but any revisions must address regulatory arbitrage problems and take greater account of the full range of…
Revamping Corporate Actions
Dividend payments, stock splits, name changes, spin-offs and other corporate actions impacting securities already held in accounts were not supposed to be affected by T+1. But as the deadline for shortening the trade settlement cycle is challenging firms…
Gaining an edge from Basel
The recent recommendations of the Basel Committee are set to usher in a period of upheaval for many participants in the banking sector. Standard & Poor’s Anthony Albert looks at how to gain a competitive advantage in credit risk management in the light…
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
Switching on CLS
As the continuous linked settlement initiative prepares for a delayed launch later this year, firms that have been involved since the beginning outline how they hope to recoup and build on their investments.
Basel regulators hope for SME solution by mid-June
Global banking regulators are optimistic they can resolve by mid-June the vexed question of the treatment of lending to small to medium-sized enterprises (SMEs) under the proposed Basel II bank capital adequacy Accord.
Basel II op risk survey planned for June 1
Global banking regulators hope to issue another survey on June 1 seeking information from banks on their operational losses in order to help with the development of the complex, risk-based Basel II bank capital adequacy Accord, regulators said.
Basel II securitisation paper planned for October
Global banking regulators plan to issue on October 1 a working paper on the treatment of asset securitisation in the Basel II banking Accord, one of the issues that prompted its delay until late 2006.
Will the latest delay sink Basle II?
Reactions to the latest delay in the Basle II banking accord timetable were mixed, with some bankers and regulators fearing the pact could unravel, while others were optimistic that the roadblocks to agreement would be cleared away.