Basel II
Op risk is increasing for weak banks, says regulators’ guidance
Operational risk will come into greater focus for banks worldwide and will become more important as a factor in weak banks, global banking regulators said in early April.
SPE accounting proposal threatens CDO market
Proposed changes to US accounting standards for special-purpose entities (SPEs) could cause a dramatic decline in issuance of collateralised debt obligations (CDOs), analysts say.
US Comptroller wants attractive advanced approaches to op risk
The best way of resolving arguments about whether operational risk capital charges are suitable for banks is to make advanced op risk measurement approaches, such as the scorecard method, attractive to banks, US Comptroller of the Currency John Hawke…
Regulators expected shortly to fix date for Basle II op risk survey
Global banking regulators are expected to decide in mid-April on the date for issuing to banks a further survey seeking information on operational risk as part of the development of the Basle II bank capital adequacy proposals.
Exposing exposures: how far will it go?
The Enron debacle has spurred investors and creditors to press for greater disclosure of corporate risk and hedging strategies. Companies are beginning to respond. How far will it go?
Capital thinking
Manuel Méndez aims to have BBVA among the first to qualify for Basel II’s advanced risk capital approaches.
QIS3 survey delay puts back Basle II accord to 2006
Regulator determination to get a key survey of banks right was a major factor in the decision to postpone again the coming-into-effect of the complex Basle II banking accord until late 2006 from an undetermined date in 2005, banking regulators said in…
EU capital rules still on a tight schedule following Basle II delay
The European Commission’s timetable for introducing risk-based bank capital rules for the European Union remains very tight following the further delay to the Basle II bank accord, banking industry analysts said in late March.
FSA disappointed by latest delay to Basle II accord
It was no secret that the UK’s principal financial watchdog, the Financial Services Authority (FSA), was "a little disappointed" at the latest delays to the Basle II accord, a senior FSA official said in March.
FASB reverses on loan commitments
The US Financial Accounting Standards Board (FASB) has ruled that undrawn loan commitments will not be subject to derivatives accounting rules and do not have to be marked-to-market – a victory for commercial lenders.
Sep 11 attacks make Basel II more relevant
The September 11 attacks on New York’s financial district have made the operational risk provisions of the proposed Basel II banking accord "much more relevant to many more people", a paper by business consultants Aroq Research said in March.
UK regulator disappointed at latest Basel II delay
Britain’s principal financial watchdog, the Financial Services Authority (FSA), was “a little disappointed” at the latest delays to the Basel II banking Accord, a senior FSA official said today.
Delay to QIS3 survey delays Basel II to 2006
Regulator determination to get a key survey of banks right was a major factor in the decision to postpone again the coming into effect of the complex Basel II banking Accord until late 2006, from an undetermined date in 2005, banking regulators said.
Moody’s extends RiskCalc to cover France
Moody’s Risk Management Services today released a Web-based model, RiskCalc France, for estimating the probability that French firms will default on debt obligations.
Basel II delay could help EU
A further delay in the coming-into-effect of the Basel II banking accord to 2006 might take the pressure off the European Union’s attempts to co-ordinate the timing of its own new banking rules, some political analysts said in late February.
Regulator hits back at Basel II critics
Much of the complexity for which the Basel II bank capital accord is criticised is the inevitable result of three highly desirable features of the pact - namely, risk sensitivity, wide applicability and the shifting of the task of risk measurement to…
Insurance companies - On the road to Basel III
UK regulators want to harmonise regulation of the financial services sector - and they have insurance companies in their sights.
Beyond STP: Staying Connected
Connections sometimes fail. Having a plan for monitoring message flow can be key to STP.
SAN Storm
Disaster recovery issues have thrust network-based storage into the spotlight. Lehman Brothers reveals the complex layers of storage systems that allowed business to continue after last year's World Trade Center attacks.
The Basle II capital accord: op risk proposals in brief
This summary has been updated to include the revisions to the Basle II op risk proposals contained in the Working Paper on the Regulatory Treatment of Operational Risk issued in September, 2001 and available on the Bank for International Settlements’…
Asset managers run for cover
UK investment firms are facing increasing risk management pressures, thanks to new regulatory initiatives, legal challenges and a shift in operating environment. Coping will require a major investment in technology infrastructure – especially in the…
Basel regulators still hope for 2005 date as doubts increase
The Basel II bank capital adequacy accord could still come into effect by 2005, even if quite late in that year, although the date very much hangs in the balance, international regulatory sources said in early March.
Enron-related regulatory issues hit derivatives industry
Enron's collapse has sparked calls for more derivatives regulation and stricter accounting standards in the US. What proposals should the derivatives industry be concerned about?
Regulators concentrate on key op risk issues for QIS3
Global banking regulators working on the operational risk aspects of the controversial Basle II banking accord are concentrating their efforts on some key issues as they prepare their part of the so-called QIS3 survey.