News/Regulation
BIS publishes raft of papers
The Bank for International Settlements published online a number of papers that cover a variety of aspects of the Basel II proposals. The papers were presented at a workshop organized by the Basel Committee and the Banca D'Italia in late March.
Risk Europe 2003: Still no "best practice" for integrating economic and regulatory capital, says Buerger
There is still no "best practice" approach to implementing an effective risk management framework that integrates economic and regulatory capital requirements, Peter Buerger, head of group risk control at Germany's Commerzbank, told delegates attending…
Landesbanken to offer credit loss database to third parties
Three of Germany's largest Landesbanken and the consultancy BearingPoint are planning to bring a credit loss database (CLD) that they are developing jointly to the market in the second half of this year. The tool is being designed to comply with the new…
Risk Europe 2003: High credit volatility is here to stay, says Lehman’s Rieder
The high volatility of the US credit markets witnessed in the past couple of years will become a permanent market feature in the future, according to Rick Rieder, head of global credit at Lehman Brothers. Rieder, a keynote speaker at Risk ’s eighth…
Risk Europe 2003: Still no “best practice” for integrating economic and regulatory capital, says Buerger
There is still no “best practice” approach to implementing an effective risk management framework that integrates economic and regulatory capital requirements, Peter Buerger, head of group risk control at Germany’s Commerzbank, told delegates attending…
Isda AGM: BOJ reiterates intention to purchase corporate ABS
The Bank of Japan (BOJ) today reiterated its intention to buy asset-backed securities from small and medium sized companies in an unprecedented move to remedy the ills of the Japanese financial system.
FSA and BBA lose key staff
LONDON - Both the Financial Services Authority (FSA), the UK's financial regulator, and the British Bankers Association (BBA), a major industry association, have lost key operational risk staff.
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…
Risk Europe 2003: Industry worried about ‘level playing field’ implementation of Basel II
Bankers and their banking associations are increasingly concerned that the new bank capital Accord Basel II and its European equivalent CAD3 may not be implemented in a consistent manner in different national jurisdictions. These fears were expressed…
Trichet calls for more transparency, especially for credit derivatives
Jean-Claude Trichet, governor of the Bank of France, said transparency is essential to prevent a "herd mentality" in the financial market that can create artificial swings in market prices.
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
Standardised approach may receive op risk charge cut, says ECB official
The operational risk charge related to the Basel II 'standardised approach' may be cut in the third consultative paper (CP3) due for release next month by the Basel Committee on Banking Supervision, according to Panagiotis Strouzas, a senior expert in…
Trichet calls for more transparency, especially for credit derivatives
Jean-Claude Trichet, governor of the Bank of France, said transparency is essential to prevent a “herd mentality” in the financial market that can create artificial swings in market prices. During a keynote address at the Professional Risk Managers’…
Standardised approach may receive op risk charge cut, says ECB official
The operational risk charge related to the Basel II ‘standardised approach’ may be cut in the third consultative paper (CP3) due for release next month by the Basel Committee on Banking Supervision, according to Panagiotis Strouzas, a senior expert in…
JP Morgan Chase launches Janice to track Japanese credit derivatives
JP Morgan Chase has launched a new index that will track Japanese credit default swaps. Called JPMorgan All Nippon Index of Credit, or Janice, the index is the average of the spreads on the 45 most liquid credit default swaps of Japanese companies and…
UBS: QIS3 results in increased capital, is not "fair"
UBS, the Switzerland-based financial institution, says its overall capital will increase under the Basel Accord revisions, as currently outlined in the third quantitative impact study (QIS3). In addition, other institutions have had the same results, the…