British Bankers’ Association

Credit derivatives professionals slam IAS

Financial market participants have slammed International Accounting Standard 39 (IAS 39) for financial hedge instruments, according to a British Bankers’ Association (BBA) credit derivatives survey.

EU Rules may shake up equity data

In a move that shows no good deed goes unpunished, industry associations and insiders want to nix a current European Union proposal to improve trade reporting transparency because the new regulation will have a host of unintended consequences.

EU CAD: behind the smiles

The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.

EU CAD: behind the smiles

The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.

EU CAD: behind the smiles

The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.

UKFSA issues fraud paper

The UK’s Financial Services Authority (FSA) published a discussion paper in mid-December entitled DP26: Developing our policy on fraud and dishonesty.

Lost in translation

Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project. Oliver Holtaway reports

Cad text horrifies credit agencies

LONDON - Industry associations and rating agencies are concerned about the regulatory risk implications of new regulations on credit rating agencies inserted into the latest draft of the EU Cad, published in early July.

CP3 Comment: Why be standardised?

It seems such a short time ago that we were building a new capital Accord, which would incentivise banks to improve their risk management and encourage them to move along the spectrum of the new Accord's three stages. How rapidly things can change.

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.

EU supervisory committee to be established

The European Commission is establishing a supervisory committee designed to promote convergence among EU nations in the adoption of the Basel Accord revisions and the related EU Capital Adequacy Directive (CAD), according to Jean-Claude Thebault, head of…

Trade associations launch IRB survey

The International Swaps and Derivatives Association, the Risk Management Association and the British Bankers' Association today launched a survey of the validation of banks' internal credit ratings, a key element underlying the internal ratings-based …

ORX database expected early next year

LONDON - The operational risk loss database run by the Operational Riskdata eXchange Association (ORX), a consortium formed by 12 international banks to pool their op risk data confidentially, is expected to begin operating around the start of February,…

Trade associations launch IRB survey

The International Swaps and Derivatives Association, the Risk Management Association and the British Bankers' Association today launched a survey of the validation of banks' internal credit ratings, a key element underlying the internal ratings-based …

EU capital rules remain on tight deadline

European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, and yesterday's issue of a EU progress report is a positive step, officials at European banking organisations said.

EU capital rules remain on tight deadline

LONDON – European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, but the issue today of a EU progress report is a positive step, officials at European banking organisations said today.

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