Operational risk
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.
MiFID support high, despite the costs
In the first of a new series of articles surveys exploring in more detail the inner workings of the op risk and compliance disciplines, Georgina Kenyon examines the results of a recent survey into the controversial MiFID directive
Economic crime: the ongoing challenge for compliance and risk professionals
Economic crime remains a significant and growing threat to organisations across the globe. The results of PricewaterhouseCooper's 2005 global economic crime survey revealed that 45% of organisations worldwide have been a victim of economic crime over the…
A case for convergence?
With Basel II regulatory capital becoming increasingly more risk-sensitive, the value of a separate economic capital system must be questioned. Christopher Hall of Risk Advisors considers the differences between economic capital and regulatory capital,…
Too much power in hedge funds' hands?
city debate: hedge funds and power
Dealers putting more money into operations
MANAGEMENT INTELLIGENCE
Regulation driving expenditure
MANAGEMENT INTELLIGENCE
The great Basel II debate continues
Regulators have earned mixed reviews on Basel II implementation. By Protiviti's Angela Isaac and Cem Baydar
In defence of AMA methodology
OPINION
Briefs
MEASUREMENT ADVANCES
Fundamental issues in op risk management
POINT OF VIEW
CEBS issues reporting framework
CORPORATE GOVERNANCE
Fears over MiFID legal structure
REGULATORY UPDATE
OpenPages launches new solution
MEASUREMENT ADVANCES
Briefs
CORPORATE GOVERNANCE