Operational risk
An integrated framework for the governance of companies
Cases of insolvencies, losses and internal frauds have been increasing of late. As a result, the question is asked more and more often whether such cases could have been avoided with better governance of companies or a clearer organisational handbook. In…
Operational Risk Conference Preview > Experts to speak on evolution and challenges of op risk
Risk magazine and Operational Risk are holding their sixth annual Operational Risk conferences in London and New York in March. The events are designed to provide delegates with insights into the latest techniques for managing and quantifying operational…
Northern Trust to provide corporate governance data to custodial clients
The Northern Trust Company, a custody, asset administration and investment management services firm, is offering institutional clients using its Global Investor Passport portal access to Corporate Governance Quotient (CGQ) scores set by Institutional…
SEC capital rules proposals provoke heavy industry criticism
The capital adequacy rules proposed by the US Securities and Exchange Commission (SEC) have ignited a flurry of criticism from both US and European commentators.
UK banks blame FSA and EU as they fall behind in the compliance race
UK banks are slipping behind in their preparation for the operational risk portions of Basel II, as well as lowering their expectations of the level of compliance they will be able to achieve. Many firms are quietly beginning to blame the country's…
UK banks blame FSA and EU as they fall behind in the compliance race
UK banks are slipping behind in their preparation for the operational risk portions of Basel II, as well as lowering their expectations of the level of compliance they will be able to achieve. Many firms are quietly beginning to blame the country's…
UK banks blame FSA and EU as they fall behind in the compliance race
UK banks are slipping behind in their preparation for the operational risk portions of Basel II, as well as lowering their expectations of the level of compliance they will be able to achieve. Many firms are quietly beginning to blame the country's…
NAB publishes report on options losses
The National Australia Bank (NAB) has published a report on the A$360 million ($262 million) options trading scandal, which blames weaknesses in risk management controls and inadequate management supervision for the losses.
Sponsor's Article > Alliance & Leicester Uses SunGard's Basel II Capital Manager
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Alliance & Leicester, a UK financial services group, is using SunGard Basel II Capital Manager for improved credit risk management and Basel II compliance.
PCAOB approves stricter internal audit controls
The Public Company Accounting Oversight Board (PCAOB) has approved an auditing standard for audits of internal control over financial reporting, and proposed amendments to the board's existing interim auditing standards to conform them to the new…
Mutual funds: Reputational repair
Stung by market timing and late-trading scandals, US mutual funds such as Putnam are scrambling to shore up their battered reputations. But the fallout may be far from over.
Old dog, new teeth?
Awards 2004
Securities Associations publish guidelines on capital treatment of trading book items
The International Swaps and Derivatives Association (Isda), the London Investment Banking Association (LIBA) and the Bond Market Association (BMA) have published a compendium on capital treatment of trading book items, such as derivatives and securities…
SEC rule on broker-dealers must be equivalent to the EU Directive on Financial Conglomerates, says SIA
The Securities Industry Association (SIA) has urged the Securities and Exchange Commission (SEC) and the US Department of Treasury to ensure that the proposed rule on the Alternative Net Capital Requirements for Broker-Dealers that are part of…
Constructing an operational event database
Michael Haubenstock of US bank Capital One outlines a framework for an event database, formulated with current US regulatory guidance on the subject in mind. The text is an abstract from The Basel Handbook, which has just been published by Risk Books.
The score for credit
Jorge Sobehart and Sean Keenan discuss the benefits and limitations of model performance measures for default and credit spread prediction, and highlight several common pitfalls in the model comparison found in the literature and vendor documentation. To…
Spreading the net: in search of the best fund managers
RMB International's Global Spread Capture Fund, a fund of hedge funds, has added value by taking significant decisions about which market to be in at particular times.
Making thesystem workfor you
Zbigniew Hermaszewski,co-founder of AltisPartners, explains thestrategy of the firm'sglobal futures portfolio
Portable alpha and beta for long/short equity managers
Portable strategies
Portable alphaand beta forlong/shortequity manager
Portable strategies
Risk management in a fund of hedge funds
Hedge funds
Reputational repair
Mutual funds
Back in the game
High-yield cable