Basel Committee
Fed's Ferguson defends US position on Basel
The US approach to regulatory capital is "perfectly consistent" with the spirit of the new risk management proposals from the Basel Committee, said Roger Ferguson, vice-chairman of the board of governors of the US Federal Reserve System, this week.
There can be no more Basel delays, warns Bolkestein
The European Union will not meet its CAD 3 implementation targets if the new Basel II capital Accord is hit by further delays, Frits Bolkestein, internal market and taxation commissioner for the European Commission (EC), warned at a conference today.
There can be no more Basel delays, warns Bolkestein
The European Union will not meet its CAD 3 implementation targets if the new Basel II capital Accord is hit by further delays, Frits Bolkestein, internal market and taxation commissioner for the European Commission (EC), warned at a conference today.
SEC produces maverick Basel II framework, redefines op risk
Throughout the Basel Accord revision process, US regulators have had a reputation for going their own way on key issues, and the Securities and Exchange Commission (SEC) is no exception.
Associations to perform economic capital model convergence study
According to the response to the US's advance notice of proposed rulemaking (ANPR), written jointly by the Bond Market Association (BMA) and the International Swaps and Derivatives Association, a number of trade associations are organising a study on the…
US legislators question Basel II effectiveness
The Financial Services Committee of the US Congress said today it is not convinced that the current proposals under Basel II will be able to reflect modern risk management practices and eliminate regulatory arbitrage opportunities.
Countdown to Basel II
With Basel II set for implementation in three years' time, some banks in the Asia Pacific region are working hard to align their operational risk systems with the requirements outlined in the new Accord.
Benchmarking asset correlations
Basel II stipulates that the asset correlation to be used in calibration of obligor risk weights is 20%. Here, Alfred Hamerle, Thilo Liebig and Daniel Rösch use a parametric model to empirically obtain asset correlations from a large database of…
RiskMetrics and iBoxx debut dollar indices
Credit tech
Conferences further boost the profile of corporate governance
IMPLEMENTATION OUTLOOK
Industry objects to EU CAD draft
COVER STORY
BIS mulls over tough issues
REGULATORY UPDATE
What’s coming, and when
REGULATORY UPDATE
Litigation risk from op loss databases prompts draft bill
IMPLEMENTATION OUTLOOK
Australia’s banks to blaze op risk development trail in Asia
IMPLEMENTATION OUTLOOK
Tri-party repo push for Europe
New Angles
Op Risk database reveals fraud costs
New angles
When is best practice good enough?
Risk analysis
US regulators seek public comment on proposed treatment of expected and unexpected losses under Basel II
US regulators are seeking public comment on proposed changes to the treatment of expected and unexpected losses in the internal ratings-based approach of credit risk measurement.
S&P versus Basel II: A fragile accord
By publicly casting doubt over aspects of the Basel II Accord's methodology, rating agency Standard & Poor's is voicing concerns shared by many in the banking industry. Joanne Hart asks how this dispute may affect bondholders and the market in general.
Survey spotlights doubts on Basel II
The proposed operational risk charge remains the single most controversial aspect of Basel II, the new Accord on bank regulatory capital, according to a survey jointly conducted by Ernst & Young and Risk.
Basel Committee publishes paper on bank compliance functions
The Basel Committee on Banking Supervision published a consultation paper yesterday outlining basic guidance for banks on the structure and operation of their compliance function, and "sets out banking supervisors' views on compliance in banking…