Basel Committee
Sponsor's article > SunGard Enhances Basel II Offering with Acquisition of WhiteLight
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), and SymphonyRPM today announced that SunGard has acquired the WhiteLight Basel II solution and as a result, WhiteLight's SymphonyRPM development team.
Secondary growth
Leveraged loans
UK looks over to Europe in responses to CP189
Regulatory Update
South Africa leads Basel preparations in Africa
Cover story
UK’s FSA reforms ORIAG as ORSG
Regulatory update
US regulators split over the future of Basel II
Regulatory Update
Mark up the scorecard
Sergio Scandizzo and Roberto Setola explore the application of a scorecard approach to the measurement of operational risk, assessing both its reliability as a risk-management tool and the practicalities of its implementation.
Mark up the scorecard
Sergio Scandizzo and Roberto Setola explore the application of a scorecard approach to the measurement of operational risk, assessing both its reliability as a risk-management tool and the practicalities of its implementation.
German banks plan op loss data consortium
A number of German public-sector banks will start pooling operational loss data next year, in a bid to create an op risk loss database that could, they say, eventually include banks from other European countries.
Merrill Lynch selects SAS for OpRisk management and Sarbanes-Oxley compliance
Merrill Lynch, a leading financial management and advisory company, has selected software from SAS, a North Carolina-based software analytics company, to help manage its operational risk and continue compliance with the Sarbanes-Oxley Act, the new Basel…
Regulators' operational risk definitions criticised
The lack of a common agreement on the definition of operational risk by regulators will cause serious problems for global financial institutions, said Joanna Benjamin, a consultant to law firm Clifford Chance, at a late-November seminar at the firm's…
Complex issues must be resolved before Basel II can be implemented, says US regulator
Although the US remains committed to completing work on Basel II by mid-2004, many complex issues must be resolved before the new capital Accord can be implemented, according to John Hawke, the US Comptroller of the Currency.
Moody's assessment approach 'evolving', says new executive
In an exclusive interview with Operational Risk, an executive from Moody's Investor Services, the US-based rating agency, said the firm's approach to operational risk assessments is "evolving".
US brokers spending less than expected on Basel II-related IT infrastructure, says TowerGroup
US brokers will only be spending between $6 million and $8 million on IT infrastructure for Basel II compliance, according to research by TowerGroup, a Massachusetts-based financial services research and advisory firm.
Mind the gap
UK mortgage lenders are grappling with Basel II. But there are still concerns about a credit risk management gap between the large and small lenders.
Sponsor's article > Credit risk catches up
When Basel II was first proposed in 1999, credit risk models lagged way behind market risk models. But that's changed, which means we need less prescriptive rules for determining credit risk capital.
The A-IRB approach must be changed, says FDIC study
Risk-based capital requirements for banks under Basel II would fall below the levels needed for current prompt corrective action (PCA) purposes, according to a new study by the Federal Deposit Insurance Corporation (FDIC).
Testy politicians muscle in on Basel II negotiations
Members of the European Parliament (MEPs) based in Brussels and members of the US House of Representatives in Washington DC are beginning to throw their weight around in the Basel II process.
UK Treasury publishes paper on implementing EU CAD in the UK
The UK Treasury yesterday published a consultation paper on how the European Union's Capital Adequacy Directive (CAD) can be best implemented within the UK and the EU as a whole.
US regulators may change Basel II rules, says Ferguson
The Board of Governors of the Federal Reserve System still has options to change the Basel II rules to allow for national discretion, according to Federal Reserve Board vice-chairman Roger Ferguson. The bifurcated system of Basel II application in the US…
Pricing credit risk
Merton models
Mark up the scorecard
TECHNICAL FOCUS
What’s coming, and when
REGULATORY UPDATE