Operational risk
Regulators talk tough in Basel’s CP3
COVER STORY
How practical is op risk insurance?
IMPLEMENTATION OUTLOOK
05/01/03
TECHNOLOGY BRIEFS
Framework developed for German banks
COVER STORY
SEC selects McDonough for key role
REGULATORY UPDATE
Congress demands ratings report from SEC after no-show at hearings
REGULATORY UPDATE
Fed paper breaks new ground on economic capital modelling
REGULATORY UPDATE
US regulators: "Let the industry lead the way on operational risk"
REGULATORY UPDATE
Operational risk development harmed by US stance, say experts
REGULATORY UPDATE
Exclusive survey shows “reality gap”
SAS Surveys
The Journey to the Golden Copy
You'll need a map to help create a golden copy of data - and to maintain it.
A better approach to operational risk aggregation
Professor Carol Alexander proposes an aggregation methodology that takes account of dependencies between op risk losses that have some common risk drivers.
Taking it slow
Hong Kong's banks are, for the most part, targeting the standardised approach outlined in the new Basel capital Accord, but it is hoped that this will act as a catalyst for the further improvements in risk management.
Credit ensemble
Kevin Thompson and Roland Ordovas address the question of how individual counterparties contribute to the total credit risk of a portfolio. They provide an analytic method, new to credit modelling, to estimate all joint default statistics conditional…
Exceptional operational risks: Three myths debunked
Are there common features among exceptional operational risks beyond their defining characteristics of rarity and severe consequences?
Buy side slow on FpMLtake-up
LONDON - One would be forgiven for thinking that Financial Products Mark-up Language (FpML) is another information exchange standard that has been superseded or has simply run out of steam, given the protocol's low media profile in the wake of the…
Derivatives disclosure calls mount
Warren Buffett's stinging critique of the derivatives business in March represents the latest call for more derivatives disclosure. But despite some notable moves in this direction, most financial institutions remain stubbornly opaque.
Banks set to define op risk modelling for regulators at May conference
NEW YORK - The Basel Committee on Banking Supervision's Risk Management Group is organising a conference in New York at the end of May designed to help the international regulatory body understand current bank op risk modelling practices and inform the…
The data deluge
Instant messaging and e-mail are critical tools for traders. But the need to oversee and archive the huge volumes of data they create has become a serious operational risk issue for broker-dealers. Clive Davidson examines the ways firms are dealing with…
Risk Europe 2003: Still no "best practice" for integrating economic and regulatory capital, says Buerger
There is still no "best practice" approach to implementing an effective risk management framework that integrates economic and regulatory capital requirements, Peter Buerger, head of group risk control at Germany's Commerzbank, told delegates attending…
Landesbanken to offer credit loss database to third parties
Three of Germany's largest Landesbanken and the consultancy BearingPoint are planning to bring a credit loss database (CLD) that they are developing jointly to the market in the second half of this year. The tool is being designed to comply with the new…
Op risk charge up for grabs again?
The charge for operational risk may be altered in the upcoming third consultation paper (CP3) from the Basel Committee on Banking Supervision, due out in May.
Debate and controversy mark Op Risk 2003 events
Delegates at the fifth annual Operational Risk and Risk magazine operational risk conferences in London and New York this March were treated to what one speaker described as a "smorgasboard" of discussions on the subject. Attendees could choose from…
Berating the raters
Last year the rating agencies were slammed in certain quarters for reacting too slowly to market events; this year, there are complaints that the agencies have overcompensated by reacting too fast. So what level of responsiveness will satisfy the bond…