Operational risk
US central banker urges pillar 3 action now in light of scandals
Recent accounting scandals mean international banks should start improving their disclosure of risks and capital adequacy now and not wait for the pillar 3 disclosure provisions of the Basel II bank accord to take effect in late 2006, a senior US central…
Firms Voice Frustration over FSA Continuity Plans
Firms say "toothless" disaster recovery guidelines will result in inconsistent plans.
Survey shows modifications could lower Basel II credit risk charges
Banks using a more complex risk measurement approach under the Basel II bank accord, if potential modifications are put in place, would have lower credit risk capital charges than under the current Basel I accord.
Basel II models have little relevance for developing countries, US banker says
Banking supervisors in developing countries should focus on the risk environment in which banks operate because relying on banks to measure their own safety and soundness may give little useful information about a banking sector, a senior US central…
UK’s FSA delays Basel II paper to mid-July
The UK’s chief financial regulator has delayed issuing its discussion paper on implementing the Basel II bank capital adequacy accord and parallel European Union (EU) rules to mid-July.
US central banker urges pillar 3 action now in light of scandals
FRONT PAGE NEWS
Losses and lawsuits
LOSS DATABASE
Why won’t banks grasp the op risk nettle?
OP RISK MANAGEMENT
UK’s FSA delays Basel II paper to mid-July
BASEL II UPDATE
Banks must nourish sound risk culture, Spanish central bank chief urges
OP RISK MANAGEMENT
Isda seeks industry help to develop FpML
TECHNOLOGY NEWS
The Basel II capital accord: op risk proposals in brief
BASEL II UPDATE
Regulators grow confident about Basel II calendar
FRONT PAGE NEWS
Tools for the trade
Credit Risk
Insurers play catch-up
Insurance companies around the globe are beginning to look at their own risk management practices and are finding them wanting. As a result, many firms are beginning to upgrade their risk procedures.
Lessons Emerging from Disaster
Web access to market data and other tools could trim costs of maintaining redundant office space.
Regulators study terms for abolishing op risk floor
Global banking regulators have asked their technical experts to look at what kind of conditions need to exist in order to get rid of the floor that limits the potential gains for banks using advanced approaches to measuring op risk under the Basel II…
A cost/benefit approach to Basel II
The cost of implementing Basel II could put banks at a competitive disadvantage compared with non-banks, and spur them to ‘de-bank’ to avoid this regulatory burden. Harry Stordel and Andrew Cross say regulators must look at the provisions from a cost…