Data management
Sponsor's article > Operational Risk and its impact on Investment Managers: A system solution perspective
Operational risk is a major issue for investment managers due to advances in back office automation and increased outsourcing.
UK banks on course for Basel II
London - Most UK banks have already implemented dedicated Basel II programmes, according to a survey commissioned by UK IT consultancy Detica.
Profile: Dresdner makes loss prevention a new priority
Operational risk management is a management programme, not just a modelling exercise, according to Jonathan Howitt, director of operational risk at investment bank Dresdner Kleinwort Wasserstein in London.
ABA sets up new op risk committee
The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…
Sponsor's article > Preparing for Basel II - how urgent?
Delays in Basel II have lulled many into complacency. But despite lack of final details for the regulations, David Rowe argues it is not too early to begin planning and initial implementation.
Cicada Offers Data Cleansing Service Options
Cicada, a consultant and provider of data cleansing and validation services, can now offer financial firms a mix of data cleansing and maintenance options.
Implementing Basel II: the practical implications
180 risk professionals gathered in London last month to discuss the practical implications of implementing Basel II. National discretion, economic capital models and data collection and consistency were all hot topics at this PRMIA/ISDA-hosted event.
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 Basel II bank capital adequacy accord, said regulators in late April.
Approach with caution
Indicators of operational risk are not for the faint of heart, nor are they necessarily bearers of good news. But used properly and effectively, they can help businesses identify potential losses before they happen.
Building for Basel
The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.
Building for Basel
The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.
Data trouble
Regulators insist that they want a capital charge on banks’ operational risks. But the plan rests on the ability of banks to collect data and model the risks involved, and there’s a frightening lack of agreement on how to do that.
A lot of loose ends and not much time
There's little surprise, but reactions still range from cautious approval to outright hostility. And all sides agree that some very big loose ends remain to be tied up on a very tight schedule.