Basel Committee
Home-host conflict
Despite structural attempts at supervisory co-ordination, international banking groups need to foster bilateral understanding with their subsidiaries' host regulators, argues David Rowe
In brief: CEIOPS releases QIS 2 clarifications
A clarification to the second Quantitative Impact Study (QIS 2) for Solvency II has been released by the Committee of European Insurance and Occupational Insurance Supervisors (CEIOPS).
Quantifying operational risk using expert opinions
We seem to be in the same situation now with operational risk as we were 15 years ago with credit risk, that is, a lack of data to build useful models. But this gap may be partially filled by appropriate use of expert opinions. By Christopher Hall
Le Pan resigns from OSFI
Nicholas Le Pan, the current head of the Office of the Superintendent of Financial Institutions (OSFI), has announced his resignation from the Canadian regulator two years before his term was due to expire.
Consolidation and convergence key to success of Bahrain’s implementation of sharia-compliant Basel II
The deputy governor of the Bahrain Monetary Authority (BMA) Anwar Khalifa Al Sadah, has detailed plans to implement a sharia-compliant Basel II accord in Bahrain by 2008, stressing the need for the consolidation of Islamic banks. “Islamic banking is…
Fed Governor: the US is not an outlier in regards to Basel II implementation
Governor of the Federal Reserve Susan Bies emphatically stated that the US is fully behind implementation of Basel II, dismissing criticisms that a delay in US implementation will give rise to global home-host issues and undermine the international Basel…
Home-host complications are a worthwhile consequence of financial stability, according to BIS manager
General manager of the Bank for International Settlements (BIS), Malcolm Knight, has said that cross-border issues are a symptom of economic soundness, as they indicate well-thought out regulation and appropriate implementation of Basel II.
Fernbach launches ‘Basel II in a box’’ for SMEs
Software company Fernbach has today launched ‘Basel II Ready to Go’, directed at small to medium-sized enterprises (SMEs). The software, which is tailored to each company, is ready to use within six weeks and includes templates for Basel II reports for…
Rating agencies under fire for conflicts in valuation process
Moody's and S&P methodology flaws could undermine banks' risk management activities
US NPR on Basel II delayed again
COVER STORY
Briefs
REGULATORY UPDATE
QIS5 results show US right to worry
REGULATORY UPDATE
Going by the book
Norwegian life companies
Facing the op risk future
Operational Risk
Banks bemoan Basel
Taiwan
Correlation confusion
Retail Portfolio Risk
Dangerous perfection
Risk Analysis
Still much to do
Basel II
PWC report finds that too much regulation is the biggest concern for firms
For the second year in a row, too much regulation is judged to be the greatest risk facing the financial sector, according to a survey sponsored by PricewaterhouseCoopers. According to the survey, “cost, diversion of management time and the sheer volume…
Convergence on credit
Spurred on by Solvency II, insurance companies are refining their approach to managing credit risk. As a result, some insurers' credit risk management methods are beginning to converge with those favoured by banks. By Rachel Wolcott
MAS releases proposals for Basel II implementation
The Monetary Authority of Singapore (MAS) has published a consultation paper on the draft proposals for the implementation of Basel II. The consultation paper follows the phase II consultation paper in March of this year and proposes rules for…
Solvency II – the progress so far
The 14 directives that make up the package that is Solvency I are comprehensively out of date in terms of capital adequacy and risk. Regulators began work on the new Solvency II framework in 2002, structured around a risk-based system that applies…