Operational risk

A step up the ladder

Following Barclays' acquisition of Absa in July, the South African bank has decided to implement the advanced internal ratings-based approach to Basel II. Other banks have decided to follow suit. By Laurence Neville

A question of longevity

Pricing and management of longevity risk is gaining in prominence for life and pensions companies. But the market for longevity risk on the pension side remains underdeveloped

Leading the pack

Nordic banks are well ahead with their Basel II programmes compared with their international peers. But there are concerns about home regulator rules and advanced credit risk data requirements. Laurence Neville reports

Looking to the future

Sweden's life insurance companies and occupational pension plans will radically change the way they discount their liabilities and stress test their portfolios under new rules being drafted by the country's top financial regulator.

CEBS defends record

LONDON – The accomplishments of the Committee of European Banking Supervisors (CEBS) over the past 12 months were outlined by Danièle Nouy, vice-chair of the organisation, at a British Bankers’ Association conference in London in mid-October. Although…

Mixed signals for derivatives

New solvency regulations in Sweden will force life insurers and occupational pension funds to mark their liabilities to market and stress test their positions under a new 'traffic light' regime. While the final result is unclear, the new rules look set…

Banks warned over regulatory risk

WASHINGTON, DC – Banking organisations should not overemphasise regulatory risk at the expense of more significant business risks, according to John Allison, chief executive officer of BB&T Corporation, the North Carolina-based $107 billion financial…

CEBS' AMA and IRB guidelines under fire

LONDON – Industry groups have hit out at the Committee of European Banking Supervisors’ (CEBS) guidelines on implementation, validation and assessment of advanced measurement (AMA) and internal ratings based (IRB) approaches, or ‘Consultation Paper 10’.

More IT for MiFID

MiFID's success hinges on IT prospects, write Choongo Moonga and Phil Craig . But many in the industry are balking at the costs involved

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