Basel Committee
Home-host heads for Asia
SINGAPORE – Although the home-host debate has not yet raged in Asia as it has elsewhere, this will change over the next 18 months as regulators in the region begin to publish their policy papers, said Jacob Gyntelberg, a senior economist at the Bank for…
Fed governor says Reserve will compare risk sensitivity with burden on smaller banks
Susan Schmidt Bies, governor of the US Federal Reserve, spoke about the balance the Fed needs to strike between strict regulation and excessive burden to US financial institutions. Though the banking industry in the US is doing well, Bies emphasised the…
Complacency is the biggest risk to sound risk management, says former head of CEBS
Complacency and a ‘tick-box’ approach to implementing Basel II is the biggest threat to sound risk management, according to José María Roldán, the former head of the Committee of European Banking Supervisors (CEBS). Instead, the Accord should be…
Reserve Bank of New Zealand works towards implementation
Capital requirements for banks will soon be made more sensitive to the risks the banks are taking as a result of the Basel Accord. Speaking at the Retail Financial Services Forum, deputy governor Adrian Orr said the Reserve Bank was working intensively…
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.
ABA supports NPR and Basel 1A
The American Bankers Association (ABA) has commended banking regulators for continuing the dialogue on implementing Basel II. "It is good to know that we are proceeding in the context of broad agreement on the goals for the new standards. The task now is…
Home-host heads for Asia
REGULATORY UPDATE
HKMA confirms Basel II launch
REGULATORY UPDATE
Briefs
REGULATORY UPDATE
Basel exec blasts home-host banks
REGULATORY UPDATE
A keen eye for convergence
INTERVIEW
Solvency II: The way forward
Comment
Fed releases NPR for US Basel II implementation
The Federal Reserve has released the notice of proposed rulemaking (NPR) for the delayed implementation of Basel II in the US. In this first draft, the Federal Reserve approved a proposal that bank regulators hope will ensure banks maintain prudent…
IIF board express concerns over different time schedules for implementation
Different schedules for implementing the Basel Accord will present complex issues for firms operating on both sides of the Atlantic, according to the International Institute of Finance (IIF). The main problem for many firms will be operating under two…
BIS publishes supervisory expectations of vendor products in IRB processes
The Bank for International Settlements has published its eighth newsletter on the views of the Basel Committee Accord Implementation Group's Validation (AIGV) Subgroup relating to the use of vendor products within internal ratings-based (IRB) approaches…
Fed governor urges comments for NPR
Susan Schmidt Bies, the governor of the US Federal Reserve, has stated the importance of companies’ comments on the NPR on US Basel II implementation, due to be released today. The final NPR is expected to be issued in the Federal Register after all the…
FSA outlines four main issues for Basel II implementation
Matthew Elderfield, head of the FSA’s major retail groups division, has outlined the key issues for Basel II as well as thematic priorities of the authority’s approach to banking supervision.
Corporation Bank in India to use Tier II bonds to meet capital requirements
The Corporation Bank has opened an issue of Tier II bonds of on private placement to meet its future capital adequacy requirements.
FSA head of risk review outlines Authority’s planned approach to implementation
Rosemary Hillary, head of risk review at the Financial Standards Authority (FSA) presented on the FSA's firm-specific implementation work in preparation for the Capital Requirements Directive (CRD). Hilary confirmed that the FSA is trying to put the…
Mardig Haladjian
With more Islamic institutions looking for ratings, the general manager of the financial institutions group at Moody's in Cyprus explains how the agency rates these names versus conventional credits
FSA provides overview of approach to CRD
The FSA presented an overview of the authority’s approach to the Capital Requirements Directive (CRD) at its CRD implementation conference. Hector Sants, managing director of wholesale and institutional markets, highlighted the biggest developments in…
BCBS: Compliance risk management is key to financial stability
Arnold Schilder, chairman of the Basel Committee on Banking Supervision (BCBS) accounting task force, has stated that compliance risk is becoming the most important risk driver to credit institutions.