Operational risk
Fitch upgrades OpVar tool for operational risk
Fitch Ratings has added a range of new services to its OpVar software suite, an operational risk management quantification tool. Version 5.0, scheduled for release in March, now offers an enhanced data collection module and improved data management…
Global banking community poised and ready for QIS 3 op risk results
BASEL, SWITZERLAND – Bankers are eagerly awaiting the results on operational risk from the third Quantitative Impact Study (QIS3).
Judicial stalemate
Germany
Tyco: pulling itself together
Credit of the month
Banca Intesa: conquering the cultural challenges of op risk
IMPLEMENTATION OUTLOOK
Link BCM to economic capital, says KPMG
CONTINUITY PLANNING
Job moves
People
Software survey 2003
Credit technology hogged the spotlight in 2002, as the spectacular collapse of a host of corporate giants combined with movement on the Basel II Accord focused everyone's attention on this class of exposures.
Niche lenders brace for Basel
Banks with niche lending businesses are scrambling to assemble enough data to allow them to benefit from Basel II's most advantageous capital provisions. Gallagher Polyn reports on one successful initiative.
Sponsor's article > The role of correlation
David Rowe surveys recent research on the role of correlation between probability of default and recovery rates, as well as among default probabilities.
Measuring the operational risk of fund valuation companies
How can we model the losses due to operational risk in asset management? The loss process approach provides an answer specifically suited to this question for the fund valuation business and is in line with the work in progress of the Basel Committee on…
Op risk modelling for extremes
Part 2: Statistical methods In this second of two articles, Rodney Coleman, of Imperial College London, continues his demonstration of the uncertainty in measuring operational risk from small samples of loss data.
UK banking bodies expect further revisions to Basel II op risk plans
British banking industry bodies said in December they continue to expect that the operational risk aspects of the proposed Basel II bank safety accord will be revised in the light of banking industry experience.
Canada's shifting credit scene
Canadian banks' attitude towards loan portfolio management is changing, and the impending Basel II Accord is accelerating the evolution of internal practices.
Abbey National Distributes Risk
A distributed computing system has solved the bank’s overnight batch processing needs. Next up: boosting intra-day processing capacity.
Losses and lawsuits
LOSS DATABASE
Measuring the operational risk of fund valuation companies
ASSET MANAGEMENT
The Basel II capital accord: op risk proposals in brief
BASEL II UPDATE
Hong Kong banks lagging in preparation for Basel II
BASEL II UPDATE