Operational risk
Why Coso is flawed
Coso not only fails to help a firm assess its risks, it actually obfuscates the risk assessment process. By Ali Samad-Khan
US regulators release details of Basel II qualification process
US financial regulators - including the Federal Reserve and the Office of the Comptroller of the Currency - have released preliminary details of the qualification process that financial institutions in that country will have to follow to implement the…
Emerging markets failing to plug into AMA
Many financial institutions in emerging markets are struggling with the demands of modern risk management. And difficulties with AMA aren’t helping. By Choongo Moonga
Basel II recalibration for 2006 QIS5
BASEL -- The Basel Committee on Banking Supervision plans to conduct quantitative impact study five (QIS5) during 2006 -- the year during which parallel running will take place -- to recalibrate Basel II.
German banks get to grips with a new lending reality
Removal of state guarantees and pressure from shareholders for better returns means German banks can no longer churn out uneconomically priced loans to clients. Now they are starting to introduce sophisticated loan pricing systems, writes Duncan Wood
Below the radar
The upcoming Basel II capital Accord’s impact on the global banking industry is expected to be profound, and hardly painless. The Accord’s ramifications for the investment and hedge fund management sectors, while not nearly as obvious,could contribute…
From Basel II to Basel III
Financial institutions face major challenges in modelling credit portfolio risk, particularly in the field of CDOs. Walter Schulte-Herbrüggen and Gernot Becker argue that the main challenge will be in model testing, due to the increasingly customised…
Setting a timetable
Regulators in Australia and Japan are the latest to set deadlines for their banks to comply with Basel II, and both differ slightly from the Basel Committee’s schedule. Nick Sawyer reports
The importance of ALM
The crossfire between the International Accounting Standards Board and the European Commission seems to have left corporates bewildered about the implications of IAS 39. Risk talks to leading advisory groups and corporates about the challenges ahead, and…
Mind your behaviour
Hedge fund managers are becoming interested in behavioural theory, anincreasingly influential branch of economics that describes the role of intuitivebias in investment decision-making. According to one finance professor,behaviouralism provides valuable…
The game of life
UK life insurers have faced a new regulatory regime in the aftermath of the guaranteed annuity options disaster, which has led them to rethink their use of derivatives. Nicholas Dunbar talks to four leading life companies
Reducing risk through insurance
In this article, Silke Brandts describes a general algorithm for quantifying the risk-mitigating impact of operational risk insurance. She then presents a simple haircut approach to incorporate residual risks inherent in the insurance contracts into the…
Structured finance ratings given BIS OK
The structured finance ratings business was given a clean bill of health today by the Bank for International Settlements (BIS), with a few caveats.
Asian banks divided over Basel II, says Financial Insights
Some of the significant Asian economies will only use the new Basel Accord as a reference point, as they embark on their own ways of improving capital regulatory systems, according to Financial Insights, a financial business advisory service firm based…
Time for relative returns
performance measurement
Fixed income managers search for riches as standard products fall flat
SPECIALIST FIXED INCOME
From Basel II to Basel III
Portfolio risk
Martin Fridson
opinion
Briefs
MEASUREMENT ADVANCES
Losses & lawsuits
LOSS DATABASE
VRXML protocol falling out of favour
MANAGEMENT INTELLIGENCE
How op risk mitigants affect regulatory capital
IMPLEMENTATION MITIGANT ANALYSIS
New corp gov subgroup for Basel
COVER STORY