News/Risk management
Experts expect to finalise Basel II securitisation issues this week
LONDON – Technical experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II accord aimed at making the world’s banking system safer – the technically thorny question of how to treat…
Basel II securitisation issues conclusion expected this week
Experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II Accord aimed at making the world’s banking system safer – the technically thorny question of how to treat the credit risks for…
Greenspan defends Fed’s role in tech bubble
The US Federal Reserve’s chairman, Alan Greenspan, claimed that it is far from obvious that a bubble, even if identified early, can be pre-empted by a central bank without inducing a substantial contraction in the economy, but conceded that better models…
EC wants Cad 3 study to look at bank lending to smaller companies
The European Commission said it launched a tender today for a study that would pay particular attention to the consequences for small and medium-sized enterprises (SMEs) of proposed new European Union (EU) banking capital rules.
€15bn floods bill unlikely to further hurt insurance sector
Insurers and reinsurers are unlikely to face significant financial difficulties following serious flooding in central Europe that has caused damage worth around €15 billion, according to research by UBS Warburg.
Over-reliance on risk models a danger, says Lawrence
Financial institution risk managers must be wary of relying too heavily on risk models and systems, according to Mark Lawrence, chief risk officer at Australian bank ANZ, speaking at Risk Waters Group’s third annual Risk Australia conference in Sydney…
Singapore harmonises risk-based regulation of financial firms
SINGAPORE – Singapore financial regulators said today they would integrate risk-based regulation of banks, insurance companies and investment firms under a new department from September 1.
UK allows for Basel II delays in risk-based rules for financial services
LONDON - UK regulators said in late July they would implement their plans for uniform, risk-based rules for UK-based banks, insurance companies and securities firms in several stages, instead of one or two, following delays to the Basel II bank accord.
Op risk floor removed to give flexibility
BASEL, SWITZERLAND - Global banking regulators have removed the operational risk capital floor previously proposed under the Basel II capital accord to give banks flexibility in developing op risk management systems.
Basel Committee reissues op risk paper to give broader scope
BASEL, SWITZERLAND - Global banking regulators reissued in July, as they had said they would, a consultative paper on sound practices for operational risk management to give it a broader scope for smaller, local banks.
UK accepts large banks could use basic op risk approach
LONDON - The UK’s chief financial market watchdog said in July it accepted that a large international bank could use the basic indicator approach, the simplest of the three approaches to calculating operational risk capital charges proposed under the…
Nash joins the Royal Bank of Scotland
Ralph Nash, previously with the secretariat of the Basel Committee on Banking Supervision in Basel, Switzerland, joined the Royal Bank of Scotland (RBOS) in July as London-based Basel II operational risk co-ordinator for the RBOS group.
Fitch gets OpVar loss database with NetRisk purchase
NEW YORK - Fitch Risk Management, part of rating agency Fitch, said in mid-July it was acquiring NetRisk and its subsidiary OpVantage, both Connecticut-based risk management companies.
Economist questions banks’ approach to VAR analysis
Bank risk managers must use more intra-day price data – also referred to as high-frequency data – to improve their value-at-risk analyses, according to Richard Olsen, an economist and founder of Zurich-based hedge fund and risk services company Olsen.