Basel Committee
White House could delay Basel II
COVER STORY
Reason for hope
Risk analysis
Ready and waiting
The Australian Prudential Regulation Authority is confident that the country's financial institutions are well placed for the implementation of Basel II, and expects the four largest banks to implement the advanced IRB approach.
Basel Committee publishes comments on CP3
The Basel Committee on Banking Supervision has posted the comments it has received on its third consultative paper (CP3) on its website this morning. Nearly 180 comments are available for download at www.bis.org.
IIF says much work remains on Basel II
The Institute of International Finance (IIF), the Washington, DC trade association of financial institutions, contends that Basel II still has a long way to go before it can be finalised, in its response to the Basel Committee for Banking Supervision’s…
Operational risk: looking at the bigger picture
In the first of a two-part feature, Mark Holmes suggests that financial firms' operational risk issues would be better understood and handled by taking a leaf out of the op risk concepts and techniques developed in other industries.
Basel Committee releases home-host paper
The Basel Committee on Banking Supervision released a paper today, "High level principles for the cross-border implementation of the New Accord".
Does CP3 get it right?
The Basel Committee on Banking Supervision's third consultative paper raises several complex issues, not least of which is: will it work in practice?
US investment banks create myriad problems for Basel II
NEW YORK - As financial institutions and banking regulators settle down to the challenge of implementing Basel II, a substantial problem has emerged for US investment banks.
Basel II creates myriad problems for US investment banks
Basel II is causing substantial problems for US investment banks whose overseas subsidiaries may receive harsh treatment under the new capital regime and whose home regulator, the Securities and Exchange Commission (SEC), says it is unsure when it will…
CP3 comments to be posted shortly, says BIS official
An official from the Bank for International Settlements in Basel, Switzerland said today in an exclusive interview with BaselAlert.com that the hundreds of comment letters that the institution has received in response to the Basel Committee on Banking…
European asset managers will feel the heat from CAD3
Compliance with the third capital adequacy directive (CAD3), a consultation paper recently released by the European Commission outlining the implementation of the Basel II Accord into EU legislation, may require European asset managers to hold…
Cad text horrifies credit agencies
LONDON - Industry associations and rating agencies are concerned about the regulatory risk implications of new regulations on credit rating agencies inserted into the latest draft of the EU Cad, published in early July.
ANPR maps out US differences on Basel II implementation for banks
WASHINGTON, DC - US regulators are determined to go their own way when it comes to implementing Basel II, according to the government's ANPR, published in mid-July.
CP189: the FSA yet to clarify rules for key op risk issues
LONDON - UK firms are faced with more questions than answers in the operational risk portions of the latest consultation paper from the FSA, CP189: Report and first consultation on the implementation of the new Basel and EU capital adequacy standards,…
Ready and waiting
Basel Accord
Isda and BMA propose 35% charge for restructuring risk
The International Swaps and Derivatives Association (Isda) and the Bond Market Association (BMA) submitted a comment letter today to the Basel Committee on Banking Supervision in which they argued that, for the sake of capital calculations, loans hedged…
Moody’s preparing pan-European bank operational risk report
IMPLEMENTATION OUTLOOK
Technology Briefs
TECHNOLOGY
IMF tells HKMA to focus on op risks and corporate governance
REGULATORY UPDATE
Op risk glossary
REGULATORY UPDATE