Basel Committee
Basel Committee forms validation subgroup
The Basel II Accord Implementation Group (AIG) has established a subgroup to examine issues related to validation. The subgroup is chaired by Lorey Hoffman of the Canadian Office of the Superintendent of Financial Institutions, and consists of both Basel…
Sponsor's article > SunGard expands global client base for its Basel II Solution
With the clock ticking down to compliance for Basel II, banks are moving from the theoretical to the practical, making decisions as to how, when and with what solutions they will address Basel II regulatory requirements. Recently, several leading…
Sponsor's article > SunGard expands global client base for its Basel II Solution
With the clock ticking down to compliance for Basel II, banks are moving from the theoretical to the practical, making decisions as to how, when and with what solutions they will address Basel II regulatory requirements. Recently, several leading…
The not-so-great pretender
qualified investor schemes
How op risk mitigants affect regulatory capital
For banks to develop an efficient operational risk hedging strategy, they need to consider the capital impact of the four main mitigant types: insurance, business continuity management, controls and staff training. By Niclas Hageback
US agencies release guidance and paper
Regulatory Update
FSA releases latest paper on Basel II
Regulatory Update
In a muddle over MiFID
MIFID REGULATION
Singapore and Korea issue Basel II deadlines
Regulatory Update
CEBS to create EU reporting standards
Regulatory Update
Briefs
Regulatory Update
Sponsor's article > Counterparty risk – the next generation
Discussions continue on allowing the use of simulation-based estimation methods for counterparty credit exposure under Basel II. In the meantime, however, industry practice has continued to advance. David Rowe argues we should at least move regulatory…
Sponsor's article > Counterparty risk – the next generation
Discussions continue on allowing the use of simulation-based estimation methods for counterparty credit exposure under Basel II. In the meantime, however, industry practice has continued to advance. David Rowe argues we should at least move regulatory…
CAD makes slow progress through Parliament
BRUSSELS -- The progress of the Capital Adequacy Directive (CAD) in the European Parliament remains slow. Although the European Commission (EC) was keen to have the legislation voted on before the summer, its introduction for official discussion has been…
US regulators release details of Basel II qualification process
US financial regulators - including the Federal Reserve and the Office of the Comptroller of the Currency - have released preliminary details of the qualification process that financial institutions in that country will have to follow to implement the…
Emerging markets failing to plug into AMA
Many financial institutions in emerging markets are struggling with the demands of modern risk management. And difficulties with AMA aren’t helping. By Choongo Moonga
New corp gov subgroup for Basel
BASEL, SWITZERLAND -- The Basel Committee on Banking Supervision has launched a new subgroup of the Accord Implementation Group, according to a source within the Basel Committee. The group is updating the corporate governance guidance that the Committee…
Below the radar
The upcoming Basel II capital Accord’s impact on the global banking industry is expected to be profound, and hardly painless. The Accord’s ramifications for the investment and hedge fund management sectors, while not nearly as obvious,could contribute…
From Basel II to Basel III
Financial institutions face major challenges in modelling credit portfolio risk, particularly in the field of CDOs. Walter Schulte-Herbrüggen and Gernot Becker argue that the main challenge will be in model testing, due to the increasingly customised…
Setting a timetable
Regulators in Australia and Japan are the latest to set deadlines for their banks to comply with Basel II, and both differ slightly from the Basel Committee’s schedule. Nick Sawyer reports
Reducing risk through insurance
In this article, Silke Brandts describes a general algorithm for quantifying the risk-mitigating impact of operational risk insurance. She then presents a simple haircut approach to incorporate residual risks inherent in the insurance contracts into the…
Asian banks divided over Basel II, says Financial Insights
Some of the significant Asian economies will only use the new Basel Accord as a reference point, as they embark on their own ways of improving capital regulatory systems, according to Financial Insights, a financial business advisory service firm based…
FSA outlines Basel II costs
The UK’s Financial Services Authority has outlined the cost of regulatory enforcement of Basel II in that country for the first time.