Central banks news and analysis articles - Risk.net

Major US banks have consistency problems that must be resolved before the implementation of Basel II, according to Susan Schmidt Bies, governor of the Federal Reserve Board and chair of the Banking Regulatory and Supervisory Committee.

18 May 2004

Regulation

Sarbanes-Oxley: The costly road to compliance

Some companies are looking to get a better return on their investment in Sarbanes-Oxley compliance by making it part of a larger exercise that looks at firm-wide processes and controls, and not just those surrounding financial reporting, writes Clive…

18 May 2004

Foreign exchange

AIB rapped for overcharging for forex deals

Allied Irish Banks (AIB) sailed into another forex controversy last week, as it emerged the bank has been overcharging for forex deals for the past eight years, reports RiskNews' sister publication, FX Week .

17 May 2004

Markets

Notional outstanding OTC contracts near $200 trillion

The total estimated notional amount of outstanding over-the-counter derivatives contracts stood at $197.1 trillion at the end of December, according to data released today by the Bank for International Settlements (BIS).

14 May 2004

Structured products

The Enron effect

Lawsuits filed by investors in Enron against two of the fallen energy giant’s arranging banks, Citigroup and JPMorgan, have called into question the very structure of investment banking in the US, as John Hintze discovers

11 May 2004

Energy

The cost of optimism

Petroleum engineers and financial regulators have never spoken the same language,as the recent Royal Dutch/Shell debacle has shown. And this has led to confusionover state oil reserves. By Maria Kielmas

06 May 2004

Credit markets

Time to adapt copula methods for modelling credit risk correlation

In an evolving market, a new standard for the price quotation of credit products that models correlated changes in credit spreads as well as default times is needed, argues Darrell Duffie.