Office of the Comptroller of the Currency (OCC)
US Comptroller wants attractive advanced approaches to op risk
The best way of resolving arguments about whether operational risk capital charges are suitable for banks is to make advanced op risk measurement approaches, such as the scorecard method, attractive to banks, US Comptroller of the Currency John Hawke…
OCC says derivatives revenues, notionals down
US commercial banks’ revenues from derivatives fell by $805 million, to $2.65 billion, from the third to the fourth quarters of 2001, according to figures released yesterday by the Office of the Comptroller of the Currency (OCC).
Hawke highlights "thorny issues" of Basel II
John Hawke, the US Comptroller of the Currency, this week said that “there are a number of thorny issues that remain to be worked out” in the Basel II bank capital adequacy Accord. Speaking at a conference held by the Institute of International Bankers…
BOTCC to process Nasdaq Liffe
Nasdaq Liffe Markets (NQLX), in a preparatory move before the start of trading in single-stock futures (SSF) in the US, agreed to let the Delaware-based Board of Trade Clearing Corporation (BOTCC) process certain deals known as 'give-ups'.
Moving to the centre
Basel II means banks will have to centralise the management of operational risk or lose out to competitors.