Basel Committee
Convergence on credit
Insurance
No improvement in op risk training resources
OR&C INTELLIGENCE
Internal affairs
Basel II
Software company Fernbach introduces Basel II software in Arabic
Software company Fernbach has translated its FlexFinance Basel II software into Arabic. The software, which aims to enable banks to comply with the regulatory requirements of the three pillars of Basel II, provides a centralised data management structure…
The Basel Committee on Banking Supervision leaves calibration of Basel II unchanged
The Basel Committee on Banking Supervision (BCBS) has left the calibration of its capital framework at current levels (1.06 scaling factor for risk-weighted assets) based on a review of the most recent quantitative impact study (QIS5).
Trade bodies slam FSA 'achingly difficult' guidelines to Basel II
Leading industry associations have called for the UK's Financial Services Authority (FSA) to make its handbook on the European Capital Requirements Directive (CRD) easier to understand.
Preparing for Pillar II
The German regulator published guidelines on the minimum requirements for risk management at the end of last year, partly to integrate the requirements of Pillar II of Basel II into German Law. Alexander Campbell talks to Helmut Bauer, BaFin's head of…
Bumped along by Basel II
Credit portfolio management has become an integral part of many big banks' risk management. Smaller banks have lagged behind, but the planned introduction of Basel II next year could provide an incentive for more active management of their loan exposures…
Chairman of FDIC says three-year implementation period vital to safeguarding capital under Basel II
Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), has said the three-year implementation period for Basel II in the US is vital to preserving capital levels. Citing the fourth quantitative impact study (QIS4), Gruenberg said…
Nout Wellink appointed chairman of the Basel Committee on Banking Supervision
The Group of 10 (G10) central bank governors and heads of banking supervision have appointed Nout Wellink, president of the Netherlands Bank, as the new chairman of the Basel Committee on Banking Supervision.
Another Basel chapter closes
After three years in office, Jaime Caruana is to step down as chairman of the Basel Committee on Banking Supervision. Since May 2003, he has divided his time between Basel in Switzerland, where he oversaw the completion of the Basel II capital adequacy…
Qatar appoints Lord Woolf as a senior judge for its new financial centre
Lord Woolf has been appointed as the president of Qatar Financial Centre’s (QFC) tribunal. The move comes at a time when Qatar is heavily marketing itself as an important financial centre in the Middle East, in competition with Dubai and Bahrain.
Chairman of the Fed says Basel II needs to go to the next stages of implementation
Chairman of the Federal Reserve, Ben Bernanke, has emphasised the Fed’s support for Basel II, and urged that congress, bank regulators and the industry work together to progress to the next phase of implementation. Bernanke emphasised his belief that…
FSA plans to maintain a level playing field under Pillar II
Rosemary Hilary, head of the risk review department at the Financial Services Authority (FSA) in the UK, outlined plans to maintain a level playing field under the principles-based approach to regulation of Basel II’s Pillar II.
QIS5 presents no problems to the aims of Basel II, says Basel Committee chairman
Jaime Caruana, the chairman of the Basel Committee on Banking Supervision, has stated that the results of the recent Quantitative Impact Study Five (QIS5) have not revealed anything that will require making substantial changes to Basel II.
NPR release muddies the op risk waters
Operational risk executives are scrutinising the recently released NPR by the US Fed, which, despite clarifying some points, has nevertheless created new contentious issues. Choongo Moonga reports
Sarbanes-Oxley: not winning any popularity contests
The US's Sarbanes-Oxley legislation is proving pretty unpopular within the industry as shown by our monthly OR&C Intelligence survey. Ellen Davis reports
In the frame
Seven of the industry's top op risk executives debated framework implementation at a recent roundtable discussion in New York, moderated by Ellen Davis and sponsored by enterprise-wide risk solution firm FRS
S&P sets templates for German banks
The risk management services arm of Standard & Poor's, Risk Solutions, has completed a major internal ratings system project for the Association of German Pfandbrief banks (Verband deutscher Pfandbriefbanken, vdp). Vdp members provide capital for…
Basel III the biggest regulatory concern after Basel II, according to survey
The International Centre for Business Information (ICBI) has just released the results of its Risk Capital 2006 survey. In the survey, Basel II compliance is named by the majority of respondents as the most important area of risk for the next year. Most…
Trade bodies slam FSA 'achingly difficult' guidelines to Basel II
Leading industry associations have called for the UK's Financial Services Authority (FSA) to make its handbook on the European Capital Requirements Directive (CRD) easier to understand.