Operational risk
Briefs
MANAGEMENT INTELLIGENCE
Treatment of incomplete data: the effects on parameter estimates, EL and UL figures
TECHNICAL FOCUS INCOMPLETE DATA
Semantic antics
EDITOR’S LETTER / ELLEN DAVIS
RiskNews
RiskNews
Financial alchemy
Relative value
SA banks complete QIS4
SOUTH AFRICA – The South African Reserve Bank is due to release feedback on the results of its fourth quantitative impact study (QIS4) this July, according to Andre Blaauw, general manager for enterprise risk management at Absa Bank, South Africa’s…
LDCE results show risk sensitivity in US banks, says Rosengren
NEW YORK – Initial results of the loss data collection exercise (LDCE) show that US Basel II banks are holding operational risk capital that is proportional to their losses, according to Eric Rosengren, senior vice-president at the Federal Reserve Bank…
A pragmatic approach to modelling KRIs and their impact on OpVaR
Although there is a wealth of data on key risk indicators, there is not enough guidance on how to use it, says Aniruddho Sanyal
What has op risk to do with ‘credit’ ratings?
How should credit rating agencies include op risk in their assessment of firms’ creditworthiness? By Choongo Moonga
Mandate expands, but money doesn’t
Operational risk managers face two contradictory forces: greatly increased responsibility but not-so-greatly increased resources, according to our third annual global operational risk survey. By Ellen Davis
Complaints over SOX compliance fall largely on deaf ears
WASHINGTON, DC – Recent protest from corporate executives about the expense and amount of time consumed by firms in their efforts to comply with Section 404 of the Sarbanes- Oxley Act (SOX) was met with mere acknowledgement at hearings held by the House…
New home-host guide from CEBS
MONTE CARLO – The Committee of European Banking Supervisors (CEBS) is planning to publish a paper in July for a three-month consultation period that will ‘flesh out’ the home-host framework for the advanced measurement approach, according to senior CEBS…
Barriers to entry
Accounting rules have long given bankers headaches. And IAS 39 compliance could even put banks looking to enter the structured products market at a competitive disadvantage. Patrick Fletcher examines how the rules are affecting the shape of the industry
A Five-Year Plan
In an ambitious project, HVB Americas is cutting trade exceptions, consolidating its data warehouse and automating a raft of manual processes.
Plugging the gaps
Italian banks have overhauled the risk management of their loan portfolios. But weaknesses still remain, particularly in the area of risk-adjusted pricing and credit risk transfer. Rachel Wolcott looks at what steps Italy’s banks are taking to fill the…
Basel IIBetter for everyone?
On June 26, 2004, international banking supervisors agreed in Basel, Switzerland to a new framework that will alter the way many banks calculate their capital requirements. The new Basel Capital Accord is to be phased in during 2007 and is scheduled for…
Avoid the Pitfalls of Basel II
The rush to reach Basel II compliance can present an assortment of roadblocks and hurdles for investment banks, but they don’t have to stall your schedule.
Roll out the Master plan
germany: how to sell a fund
SEC raises eyebrows over BIA and AMA
REGULATORY UPDATE
LDCE results show risk sensitivity in US banks, says Rosengren
REGULATORY UPDATE
Briefs
MEASUREMENT ADVANCES
Le Pan advises on AMA frameworks
REGULATORY UPDATE
What has op risk to do with ‘credit’ ratings?
RATING AGENCIES OP RISK
Briefs
CORPORATE GOVERNANCE