Operational risk
Briefs
MEASUREMENT ADVANCES
FSA publishes second CRD paper
REGULATORY UPDATE
US warns on auditor liability
CORPORATE GOVERNANCE
FESE issues new briefing paper
MANAGEMENT INTELLIGENCE
SEC approves new audit standard
CORPORATE GOVERNANCE
FSA slates banks AMA preparation
COVER STORY: A PREVIEW OF A UK INDUSTRY FEEDBACK FORM REVEALS THAT BANKS ARE TOTALLY UNPREPARED FOR AMA IMPLEMENTATION
Middle East takes op risk to heart
MEASUREMENT ADVANCES
Concerns raised over patent-related op risks
MANAGEMENT INTELLIGENCE
Operational risk spending increases
A new survey finds increased spending on op risk technology and replacement of first-generation solutions. By Protiviti's Scott Gracyalny and Scott Wisniewski
$24bn outsourcing growth for 2006
MANAGEMENT INTELLIGENCE
US Basel II gone AWOL
Well, has Basel II finally ridden off the rails in the US? This seems to be the case. The inclusion of a new study on Basel II, to be conducted by the General Accounting Office, does rather seem to threaten the timetable that the US regulators announced…
Tussle over alpha
Alternative Investments
Fundamental issues in op risk management
Misconceptions about certain key concepts are causing confusion throughout the industry. By Ali Samad-Khan, Armin Rheinbay and Stephane Le Blevec
Labour of love
Emerging markets have been a recurring theme in Charles Dallara's career. Now, as managing director of the Institute of International Finance, one of his key focuses is to strengthen crisis prevention in emerging market economies. By Alexander Campbell
Could do better?
Some industry participants believe US supervisors' approach to Basel II implementation is flawed, according to a survey by OR&C . By Ellen Davis
A different view on Basel II
Spain's banks are wary of jumping headlong into every aspect of the new capital Accord. But its fears appear justified, considering the country's risk profile. By Duncan Wood
OpenPages launches new solution
MASSACHUSETTS – OpenPages – the governance, risk and compliance management solutions company based in Massachusetts – has launched OpenPages ORM, an op risk management solution that enables banks to identify, measure and monitor operational risk at an…
Timetable chaos
US regulators' decision to delay Basel II by one year has frustrated international banks, causing some to reassess their global implementation plans. With the US regulators yet to release national implementation guidelines, bankers and supervisors are…
CEBS consultation paper "a disappointment"
LONDON – The financial services industry is less than pleased with the second consultation paper published by the Committee of European Banking Supervisors (CEBS) on the validation and assessment of credit and operational risk approaches.
The spotlight swings
The hedge fund industry has come under severe pressure for increased disclosure, with new SEC rules on the registration of hedge fund advisers to be implemented this month. Now, the private equity market is starting to attract the interest of supervisors…
Deciding on a future
A handful of companies are exploring how markets can improve decision-making, while academics are using futures trading to predict influenza outbreaks. Prediction markets have come a long way since the collapse of a controversial Pentagon-funded project…
Scaling op risk management for SMIs: how to avoid boundary disputes
In the fourth of the series, Eric Holmquist looks at managing the crossover between op risk and other risk types to ensure no potential risk events fall between the cracks
The Basel II Race
Accessing operational risk is vital for any bank that wants to reach Basel II compliance.
The capital calculation question
Industry comments on Basel II have concentrated most on corporate credits. But the modelling of retail portfolio risk is a new field, and there is much greater scope for disagreement about how capital should be calculated.