Basel Committee
US Congressman blasts Basel II while supervisors forge ahead
Regulatory Update
All change on the BIS op risk team
Regulatory update
EU Commission considers changes to op risk framework
Regulatory update
A complex framework
Regulations
Taking a hit
Risk management
Building scenarios
Operational risk
Basel across boundaries
Profile
Top six HK banks may adopt IRB
New angles
BIS issues principles for home-host recognition of AMA; changes securitisation framework
Significant subsidiaries of international banks will be able to calculate Advanced Measurement Approach (AMA) capital requirements using a mixed approach, according to the Basel Committee.
UK's FSA reforms ORIAG as ORSG
The UK's Financial Services Authority (FSA) has reformed its Operational Risk Implementation Advisory Group (ORIAG) as the Operational Risk Standing Group (ORSG), after deciding to disband ORIAG in the fourth quarter of 2003. The group is being chaired…
Operational risk versus credit risk: Similarities and differences
Many attempts have been made to adapt credit risk models to quantify operational risk. In this article, Gerrit Jan van den Brink of Dresdner Bank and KPMG's Thomas Kaiser compare op risk and specific credit risk models in terms of input data, methodology…
Sponsor's event > Breakfast Briefing on Implementing the IRB Approach
Join SunGard and PRMIA for a breakfast briefing on successfully implementing the IRB approach in Madrid on 10 February 2004.
Book extract > Introduction to the Basel II Handbook: A Guide for Financial Practitioners
In June 1999, the Basel Committee on Banking Supervision made its long-anticipated announcement to introduce a new capital adequacyframework to replace the 1988 Accord. 1
Basel Committee alters securitisation, credit risk mitigation, and clarifies Pillar II approaches
The Basel Committee on Banking Supervision issued a statement yesterday altering its approaches to securitisation and credit risk mitigation in Pillar I.
EU Commission considers changes to op risk framework
The EU Commission is considering modest changes to the operational risk framework of its proposed capital adequacy directive (CAD), in response to comments received to its most recent draft, according to a source within the organisation.
Basel Committee to publish new paper on group allocation issue
The Basel Committee on Banking Supervision will issue a paper outlining its approach to the group allocation issue shortly after the scheduled mid-January meetings of that group and (separately) the Capital Task Force.
Basel II just the beginning for operational risk monitoring in banks, says Fitch
Compliance with Basel II is only the first step in the management of operational risk in financial institutions, according to Fitch Ratings, an international rating agency.
IIF makes further demands of Basel Committee
The Institute of International Finance (IIF), a Washington, DC-based trade association of more than 350 banks, has sent a letter to the Basel Committee on Banking Supervision asking for further concessions in the final Basel II document.
Quant of the year - Michael Gordy, US Federal Reserve Bank
Credit risk specialist who is highly influential with academics and practitioners alike.
Banks expenditure on Basel II compliance to hit $2 billion by 2005, says Datamonitor
Datamonitor, a London-based international business information company, estimates that European banks will spend up to $2 billion as they struggle to address onerous Basel II requirements.
Op risk systems come to the fore
Operational risk came to the fore in 2003. Major software suppliers such as SunGard and SAS entered the market through partnerships with or acquisition of early entrant developers, while a number of established trading and risk management systems…
Basel I must be made more risk-sensitive for general banks, say Independent Community Bankers
The 1988 Basel Accord, also known as Basel I, must be improved to be more risk-sensitive for the benefit of community banks, said the Independent Community Bankers Association (ICBA), the Washington, DC-based membership organisation of 5,000 community…