Internal Capital Adequacy Assessment Process (ICAAP)
US Fed working on horizontal reviews of op risk issues
Supervisor looking at range of issues as part of broader look at big banks, including compensation, compliance, and capital
Confidence crunch
Many financial institutions calibrate their required level of economic capital by considering the probability of default associated with a target debt rating. However, as the financial crisis has shown, confidence in a bank can erode before its Tier I…
Basel II Pillar II guidance issued by US regulators
Daily news headlines
CEBS seeks comments on stress testing
The Committee of European Banking Supervisors (CEBS) has begun a consultation on technical guidance for stress testing under the Capital Requirements Directive (CRD). CP12 will aim to provide additional technical guidance to regulators, and complements…
FSA head of risk review outlines Authority’s planned approach to implementation
Rosemary Hillary, head of risk review at the Financial Standards Authority (FSA) presented on the FSA's firm-specific implementation work in preparation for the Capital Requirements Directive (CRD). Hilary confirmed that the FSA is trying to put the…