Operational risk
Sarbanes-Oxley: not winning any popularity contests
The US's Sarbanes-Oxley legislation is proving pretty unpopular within the industry as shown by our monthly OR&C Intelligence survey. Ellen Davis reports
In the frame
Seven of the industry's top op risk executives debated framework implementation at a recent roundtable discussion in New York, moderated by Ellen Davis and sponsored by enterprise-wide risk solution firm FRS
S&P sets templates for German banks
The risk management services arm of Standard & Poor's, Risk Solutions, has completed a major internal ratings system project for the Association of German Pfandbrief banks (Verband deutscher Pfandbriefbanken, vdp). Vdp members provide capital for…
Basel III the biggest regulatory concern after Basel II, according to survey
The International Centre for Business Information (ICBI) has just released the results of its Risk Capital 2006 survey. In the survey, Basel II compliance is named by the majority of respondents as the most important area of risk for the next year. Most…
Council conclusions on cross-border consolidation in the financial sector
The European Council has stated that cross-business is essential for growth, and that unnecessary obstacles should be removed to reap the economic benefits. The Council advocates sound, fair and non-discriminatory national supervisory practices within…
FSA and Treasury publish joint implementation plan for MiFID
HM Treasury and the FSA have published a joint implementation plan for the Markets in Financial Instruments Directive (MiFID). The plan covers the UK’s approach to the consultation and the planned timetables to changes to UK legislation and FSA rules…
Crossing the Border
The push for MiFID may drive cross-border consolidation in Europe.
FSA deletes the annual reporting requirement on senior managers in the Handbook
The Financial Services Authority (FSA) in the UK announced today that firms will no longer have to notify the FSA each year of the roles and responsibilities of their FSA-approved senior managers. This move aims to reduce the administrative burden placed…
Paper on scenario analysis to maintain AMA under Basel II published
Written by Patrick McConnell and Martin Davies, a new report suggests using scenario analysis to support a firm’s advanced measurement approach (AMA). The paper proposes a structured approach to scenario analysis for Basel II, based on concepts proven in…
Directors, administrators, and their fiduciary responsibilities
administration/directorships
Bermudian by its home - but truly global by its nature
bermudian fund profile: osmium capital
Bringing core and satellite approaches to hedge funds
academic paper
The traders' tool box
traders' corner
The impact of SOX on supply chain management
Of the many changes companies have had to introduce as a result of Sarbanes-Oxley legislation, the most useful one is arguably the integration of supply chain management with financial risk management, writes Raees Lakhani
Germany cashes in on loans-gone-bad
Non-performing loans
Mifid IT group spins itself off
REGULATORY UPDATE
OR&C 0506
EVENTS CALENDAR
The trouble with KRIs
KEY RISK INDICATORS
Honesty and transparency 'are key'
MANAGEMENT INTELLIGENCE
New oprisk products coming soon
MEASUREMENT ADVANCES
Exchanging times
DAKOR
New papers from Boston Fed
MEASUREMENT ADVANCES
Briefs
MEASUREMENT ADVANCES