EY
Whistleblowers need direct link to regulators, says survey
A poll on Risk.net says informants should be able to speak directly with supervisors
Basel Committee proposals could break IASB loan-loss deadlock
The Basel Committee has revealed its thinking on loan loss accounting to standard-setters and industry experts.
Upstream deals boost oil and gas companies’ outlooks
The value of oil and gas deals announced last year increased by 10% from 2008 to $198 billion, although the total number of deals fell from 1,152 to 837, according to Ernst & Young’s third annual global oil and gas transactions review.
Consultants’ outlook: 2010 Expert views
Energy Risk convened representatives from Ernst & Young, MRE Consulting, Sapient, The Structure Group and SunGard Consulting Services to discuss a number of topics on the outlook for 2010, including new regulation, future market developments, credit and…
Ernst & Young survey shows risk management bigger, but not better
NEW YORK - Actions taken by firms to strengthen their risk management procedures are too often proving ineffective and possibly counter-productive, a survey has revealed.
Firms say risk management bigger, but not better
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HSBC strategy chief warns of dangers of 'over-regulation'
Regulators must be careful not to damage the profitability of the financial services sector by excessively increasing capital and liquidity requirements, according to Antonio Simoes, group director of strategy at HSBC.
FSA plans new capital formula for banks
The UK Financial Services Authority (FSA)'s chairman Adair Turner has outlined proposed new capital rules for UK banks, which would see minimum capital levels determined based on balance sheet growth or full-cycle loan book risk.
New derivatives disclosures will be “significant burden”
Tougher disclosures required by the Connecticut-based Financial Accounting Standards Board (FASB) will be a “significant burden” for companies using derivatives, said Hee Lee, New York-based partner in Ernst & Young’s Financial Services Office and…
Insurers show mixed reaction towards ERM
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Ernst & Young partners with JWG-IT to speed up Mifid compliance
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The urge to converge
Convergence is a clear goal for many in the industry, but uniform implementation is proving tricky, finds the latest survey from OpRisk & Compliance and Ernst & Young
Harvesting loss data
Although often the core of Basel II models, loss event data is usually less robust than op risk executives would like. Peter Madigan explores the challenges around collection, clearing and enrichment
Credit quality improving in February, defaults delayed to 2008
Hawaii-based risk technology vendor Kamakura has reported a further drop in its monthly global index of troubled companies, signifying an improvement in global credit quality.
Ernst & Young releases survey results on the business impact of Basel II
Processes and systems, along with the way risks are managed, are signifying a new era in the global financial services market, according to the results of an Ernst & Young poll of over 300 banks.
Perspectives - Phillip Straley
Phillip Straley, Partner, global financial services risk management, Ernst & Young
A step up the ladder
Following Barclays' acquisition of Absa in July, the South African bank has decided to implement the advanced internal ratings-based approach to Basel II. Other banks have decided to follow suit. By Laurence Neville
Looking for clarity
The European Union's Markets in Financial Instruments Directive is set for implementation in April 2007. But there's plenty of confusion as to what the new regulations will entail – particularly with regards to 'best execution'. By Hann Ho
Delay of Basel II process in US will not affect Europe
The delay in the release of the Basel II Notice of Proposed Rulemaking (NPR) in the US is unlikely to affect the timeline of the Revised Framework in Europe, according to Patricia Jackson, the former head of the Financial Industry and Regulation Division…