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Operational risk

Insolvency: a survival guide

The collapse of Parmalat has forced European legislators to take a long, hard look at the laws governing insolvency. Moves are now afoot to bring these regimes more in line with a Chapter 11 style of bankruptcy legislation, as Oliver Holtaway discovers

A solution to counterparty credit risk?

The race is on to find a solution to outstanding issues such as counterparty risk, double default and the treatment of illiquid assets on trading books before Basel II is enshrined in regulation.

Basel II: capital concerns

Basel II has forced banks, long the mainstay of lending to European corporates, to re-evaluate the amount of money they lend. However Alan McNee reports that far from leading to a huge drop in bank lending, Basel II may actually have the opposite effect.

US agencies issue QIS4 and LDCE survey materials

American financial regulators (the Agencies) have issued survey materials for the fourth Quantitative Impact Study (QIS4) and the Loss Data Collection Exercise (LDCE) in preparation for the implementation of the Basel II capital framework in the country.

US agencies issue QIS4 and LDCE survey materials

US financial regulators have issued survey materials for the fourth Quantitative Impact Study (QIS4) and the Loss Data Collection Exercise (LDCE) in preparation for the implementation of the Basel II capital framework in the US.

From Russia... with gloves on

Shareholder activism in Russia has historically been a distinctly dangerous pastime, but for investors in The Hermitage Fund and its manager William Browder, it has produced returns of 990% since 1996.

Hedge funds solve the risk culture puzzle

As recent reverses amply demonstrate, risks beyond investment risk can cause even the most sophisticated hedge funds to take a battering. Navroz Patel finds out about leading managers' greatest fears, and how they are tackling thorny issues such as…

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