Capital Requirements Directive
Cad text horrifies credit agencies
LONDON - Industry associations and rating agencies are concerned about the regulatory risk implications of new regulations on credit rating agencies inserted into the latest draft of the EU Cad, published in early July.
Emerging adequacy
The Committee of Chief Risk Officers' capital adequacy 'emerging practice' guidelines will, says the capital adequacy committee chair, evolve into a new regulatory body within a year.
Cad 3 will hit asset manager profits, says Mercer Oliver Wyman
The European Union's proposed third capital adequacy directive (Cad 3) will force European asset managers to hold significantly more capital than at current levels.
Cad 3 will hit asset manager profits, says Mercer Oliver Wyman
The European Union’s proposed third capital adequacy directive (Cad 3) will force European asset managers to hold significantly more capital than at current levels. This will reduce their profitability, and could prompt a shake-out in the industry,…
EU Parliament to hold "Basel II and SMEs" workshop, publish paper
The European parliament is holding a workshop, Basel II and the consequences for SMEs, on July 10.
EU Cad concedes on investment firms but limits role of insurance
Brussels – The European Commission issued the fourth consultation on the capital adequacy directive (Cad) on July 1.
Quantitative impact studies will go regional
The Basel Committee on Banking Supervision does not plan on conducting further quantitative impact studies (QISs) to explore the effect that the new Basel II framework will have on the international banking industry, according to Patricia Jackson,…
New EU supervisors group to be created for CAD implementation
The EU Commission has indicated the need for the creation of "a new high-level forum of European supervisors" to help implement the EU's capital adequacy directive (CAD) by the 2006 deadline evenly across the region. The new draft CAD also requires…
FSA publishes Basel II/CAD implementation consultation
The UK's Financial Services Authority published its 'Report and first consultation on the implementation of the new Basel and EU Capital Adequacy Standards' in early July.
MEP Radwan says EU Commission will conduct SME survey
The EU Commission will conduct a survey of the impact that the organisation's capital adequacy directive (CAD) will have on small and medium-sized banks and corporates (SMEs) over the coming months, and the results will be available before the end of…
EU finally publishes third CAD draft
After nearly a month of delays, the EU Commission finally published the fourth consultation on its capital adequacy directive (CAD) this afternoon.
A race to the finish
The Basel Committee's third consultative paper contained few surprises. Regulators are nowfocusing on implementation, despite banks' major concerns about the treatment of riskmitigation techniques.
German regulators begin industry dialogue
FRANKFURT - Germany's regulators are about to change the way they interact with the banking industry as they gear up to implement the operational risk portion of Basel II by 2006.
Radwan working paper released
Alexander Radwan, a member of the European parliament (MEP) for Germany, released another draft of his working paper on the European Commission's capital adequacy directive (CAD) on May 20.
Framework developed for German banks
BONN, GERMANY - Many of Germany's banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad).
CP3, QIS3 coming this week, Radwan report delayed until May 20
The Basel Committee on Banking Supervision is said to be preparing to release both the third consultative paper (CP3) and the third quantitative impact study (QIS3) this week.
Risk management and data "are critical success factors" in insurer ratings, says Moody's
US-based rating agency Moody's says "the quality of data and risk management are growing in importance as success factors" for insurance companies, and as a result it is putting additional emphasis on these areas when reviewing a company, according to a…
Fractured consensus
The dispute between the US and many of its allies over Iraq has eroded US commitment to multilateralism and damaged the credibility of multilateral institutions. How will this affect Basel II?
Risk conference panellists issue warnings on US Basel position
Panellists on a roundtable devoted to the subject of the revisions to the Basel capital accords issued dire warnings about the implications of the US decision not to implement Basel II in its full form, but rather to select about 10 "internationally…
EU supervisory committee to be established
The European Commission is establishing a supervisory committee designed to promote convergence among EU nations in the adoption of the Basel Accord revisions and the related EU Capital Adequacy Directive (CAD), according to Jean-Claude Thebault, head of…
What's coming, and when
This article covers significant dates over the next couple of months from an international, European, UK and US regulatory perspective.
Isda and Liba protest against CAD3 divergences from Basel II
The International Swaps and Derivatives Association (Isda) and the London Investment Banking Association (Liba) have released their joint response to the European Union's third capital adequacy directive (CAD3). The response was delivered at non-public…
EU Parliamentary hearings raise a variety of issues
The Committee on Economic and Monetary Affairs of the European Parliament held a public hearing on Tuesday, Febaruary 19, titled "Minimum Capital Requirements for Banks and Investment Firms (Basel II)".
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.