Operational risk
IASB relaxes stance on 'macro-hedging'
The International Accounting Standards Board (IASB) today relaxed its stance on 'macro-hedging' with its latest proposal to improve derivatives accounting.
IIF says much work remains on Basel II
The Institute of International Finance (IIF), the Washington, DC trade association of financial institutions, contends that Basel II still has a long way to go before it can be finalised, in its response to the Basel Committee for Banking Supervision’s…
Enter Big Brother's bigger brother
Unstructured data – such as emails and telephone conversations – is hard for a company to monitor. But Big Brother is getting cleverer.
Operational risk: looking at the bigger picture
In the first of a two-part feature, Mark Holmes suggests that financial firms' operational risk issues would be better understood and handled by taking a leaf out of the op risk concepts and techniques developed in other industries.
Sponsor's article > The operational risk pyramid
The extremely heterogeneous character of operational risk often makes discussion of it appear fragmented and unstructured. David Rowe proposes one possible paradigm for organising our thinking on various aspects of this increasingly important topic.
Basel Committee releases home-host paper
The Basel Committee on Banking Supervision released a paper today, "High level principles for the cross-border implementation of the New Accord".
Does CP3 get it right?
The Basel Committee on Banking Supervision's third consultative paper raises several complex issues, not least of which is: will it work in practice?
FSA study shows wide gap in firms' op risk frameworks
LONDON - In late July, the UK's FSA published a study of the practical implementation challenges that financial firms face when putting together an op risk infrastructure.
US investment banks create myriad problems for Basel II
NEW YORK - As financial institutions and banking regulators settle down to the challenge of implementing Basel II, a substantial problem has emerged for US investment banks.
Basel II creates myriad problems for US investment banks
Basel II is causing substantial problems for US investment banks whose overseas subsidiaries may receive harsh treatment under the new capital regime and whose home regulator, the Securities and Exchange Commission (SEC), says it is unsure when it will…
Basel Committee releases two reports
The Basel Committee on Banking Supervision released two reports this morning—one on risk integration and aggregation and second on operational risk transfer. The papers are authored by the Joint Forum, which is composed of members of the Basel Committee,…
A capital adequacy primer
A summary of the Committee of Chief Risk Officers' (CCRO) emerging guidelines on capital adequacy, by Cinergy's Antonio Ligeralde, Kenneth Robinson of El Paso Merchant Energy and CCRO head Michael Smith.
Cad text horrifies credit agencies
LONDON - Industry associations and rating agencies are concerned about the regulatory risk implications of new regulations on credit rating agencies inserted into the latest draft of the EU Cad, published in early July.
ANPR maps out US differences on Basel II implementation for banks
WASHINGTON, DC - US regulators are determined to go their own way when it comes to implementing Basel II, according to the government's ANPR, published in mid-July.
CP189: the FSA yet to clarify rules for key op risk issues
LONDON - UK firms are faced with more questions than answers in the operational risk portions of the latest consultation paper from the FSA, CP189: Report and first consultation on the implementation of the new Basel and EU capital adequacy standards,…
Ready and waiting
Basel Accord
Isda and BMA propose 35% charge for restructuring risk
The International Swaps and Derivatives Association (Isda) and the Bond Market Association (BMA) submitted a comment letter today to the Basel Committee on Banking Supervision in which they argued that, for the sake of capital calculations, loans hedged…
Moody’s preparing pan-European bank operational risk report
IMPLEMENTATION OUTLOOK
Technology Briefs
TECHNOLOGY
FSA hires two for op risk team
REGULATORY UPDATE
IMF tells HKMA to focus on op risks and corporate governance
REGULATORY UPDATE
Op risk glossary
REGULATORY UPDATE