Operational risk news and analysis articles - Risk.net

Risk management

Meeting Basel II head on

Regulators are urging banks to update their rating methodologies in preparation for Basel II. Fitch Risk's Treeve Coomber thinks his new product will help to meet this challenge.

19 Mar 2003

Hedge funds

Funds in the sun

Financial investment has sculptured the landscape in the Bahamas and it is now home to more than 750 regulated funds

17 Mar 2003

Infrastructure

NY Fed’s Rutledge outlines US plans, IRB goals

William Rutledge, executive vice-president of the New York Federal Reserve Bank, outlined the next steps US regulators will take to implement the Basel Accords in the US.

13 Mar 2003

Risk management

European demand for op risk talent set to surge in 2003

LONDON — Executive recruiters are seeing a strong rise in interest in hiring operational risk talent for commercial and investment banks, and dozens of fresh mandates.

13 Mar 2003

Risk management

Advancing op risk management using Japanese banking experience

Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.

12 Mar 2003

Infrastructure

Mark-it Partners puts it all on Red

Deutsche Bank, Goldman Sachs and JPMorgan are negotiating the sale of their credit derivatives reference entity database, Red, to UK credit risk data company Mark-it Partners.

12 Mar 2003

Basel Committee

Op risk charge flawed, says State Street

WASHINGTON, DC - "It is difficult to see how a regulatory operational risk-based capital rule would have promoted the financial system’s rapid recovery on 9/11," said David Spina, chairman and chief executive officer of State Street Corporation, the…

10 Mar 2003

Risk management

Profile: SEB strives for total operational risk acceptance

STOCKHOLM, Sweden — Within the discipline of operational risk, it's often fancy mathematical models and souped-up databases that executives choose to focus on. But Lars Hansén, manager of Swedish financial company SEB's group op risk team, says it's the…

10 Mar 2003

Risk management

Algo teams up with Agena to solve op risk data history issue

Canadian risk management technology supplier Algorithmics has teamed up with UK software company Agena to help institutions to model operational risk better.