Business continuity
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…
Firms Voice Frustration over FSA Continuity Plans
Firms say "toothless" disaster recovery guidelines will result in inconsistent plans.
Lessons Emerging from Disaster
Web access to market data and other tools could trim costs of maintaining redundant office space.
Industry On Alert
A joint finance-technology-government effort to safeguard the market infrastructure has already resulted in a secret command center and preliminary guidelines for industry-wide best practices.
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.
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.
UK regulators ponder op risk charge for insurers
LONDON -- British regulators are deciding whether to impose a specific capital charge on insurance companies for operational risk under new risk-based rules aimed at making the UK insurance industry safer.
Risk financing might solve doubts over op risk insurance
LONDON - Combining risk transfer with risk financing might be one way of resolving regulator doubts about the use of insurance to mitigate operational risk under the proposed Basel II accord.
In search of clarity and focus
Greater precision is needed in defining operational risk, but the Basle regulators' latest thoughts are lost in generalities, says Jacques Pézier, in the final article of a three-part series.
Bomb Explosion Takes Out Nomura International's Processing Centre
MANAGEMENT & OPERATIONS