Operational risk

Living with volatility

Three months after the new International Financial Reporting Standards came into effect, European companies are waiting to see how the rules will be received by investors and analysts. Duncan Wood reports

Regulation into returns

Managing one of the largest US commercial mortgage portfolios entails tough operational risk and Sarbanes-Oxley compliance challenges. General Motors Acceptance Corporation’s commercial mortgage arm is meeting the challenge and cashing in on its new…

Isda looks to past and future

Members of the International Swaps and Derivatives Association celebrated two decades of derivatives achievements at the trade body’s twentieth annual general meeting in Barcelona last month.

Pillar I too complex for small countries

The complexity of Pillar I of the New Basel Accord is forcing smaller, resource-constrained countries, to delay the implementation of the aspect of the Accord that involves the determination and measurement of minimum capital requirements.

Chile releases Basel II timetable

The Chilean Superintendent of Banks and Financial Institutions (SBIF) has released a Basel II consultative document that also details the country's implementation plan for the new Basel Accord, according to Gunther Held, head of research at the bank…

The consolidation machine keeps rolling

Algorithmics, a name that has become synonymous with driving the development of risk management practices and technology, was acquired by the Fitch Group in January this year. Victor Anderson talks to Andy Aziz, Algo's vice-president of buy-side…

Sponsor's article > The dangers of complexity

The dramatic financial market changes of the past 20 years have introduced daunting complexity into the system. Much of this complexity is the necessary consequence of valuable innovations. David Rowe argues, however, that complexity for its own sake is…

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