Operational risk

EU Rules may shake up equity data

In a move that shows no good deed goes unpunished, industry associations and insiders want to nix a current European Union proposal to improve trade reporting transparency because the new regulation will have a host of unintended consequences.

Sponsor's article > The Home Host Headache

Basel II's advanced measurement approach (AMA) requires that the operational risk capital charge be allocated to banks' international subsidiaries. This means that individual banks will have to run multiple AMA models to meet multiple local regulatory…

UK FSA calls off 'Systems and Controls', industry irate

The UK's Financial Services Authority announced at the September meeting of the Operational Risk Standing Group (ORSG) that it would be delaying, until further notice, the implementation of the Prudential Sourcebook text for 'systems and controls'.

NZ regulator warns over Basel II

New Zealand's top banking regulator advocated the implementation of a strong corporate governance framework by host regulators under Basel II in a mid-August speech. New Zealand's foreign-owned banking system is considered to be a model host regulator.

Critical voices

The final Basel II framework has been welcomed by banks, regulators and industry bodies around the globe, but there are still some concerns about certain aspects of the Accord. Bob Pickel, chief executive of Isda, gives the association's views on the new…

HKMA takes the lead

The Hong Kong Monetary Authority has put together its national implementation guidelines for Basel II, making it one of the first regulators globally to detail its qualifying criteria for those banks aiming for the internal ratings-based approaches in…

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