Operational risk
UK regulators ponder op risk charge for insurers
LONDON -- British regulators are deciding whether to impose a specific capital charge on insurance companies for operational risk under new risk-based rules aimed at making the UK insurance industry safer.
Loss survey supports arguments against capital charges, say fund managers
London - The results of a survey by global banking regulators of banks’ operational loss experience support arguments against using capital charges as the main protection against operational losses in fund management and broker activities. This is the…
Credit model evaluation
With the new Basel Capital Accord scheduled for implementation in 2005, banks are having to evaluate the credit scoring models that will enable them to meet the minimum standards for Basel’s internal ratings-based (IRB) approach. Selecting an appropriate…
KBC selects SunGard for securities processing
TECHNOLOGY NEWS
The Basle II capital accord: op risk proposals in brief
BASLE II UPDATE
Losses and lawsuits
LOSS DATABASE
Round-up of recent publications
RECENT BOOKS
Weary recognition of gross income as Basle IIop risk measure
BASLE II UPDATE
Directors divided on audit reform
US corporate directors want more transparency in the reporting of derivatives positions, but are divided over how best to monitor external auditing in the wake of Enron’s fall, according to a survey conducted by the National Association of Corporate…
Turbo-charged models
Derivatives dealers get a substantial edge if they can model and price positions faster than their competitors. So system vendors are seeking to rev up the Monte Carlo simulation engines that power many of their analytics.
ABN’s Mulder calls for faster op risk implementation
Bankers were urged to accelerate implementation of operational risk management practices to better serve their institutions ahead of Basel II by Herman Mulder, senior executive vice-president for group risk management at Dutch bank ABN Amro, during a…
PRMIA unveils interim board
The nascent Professional Risk Managers’ International Association (PRMIA), set up by a raft of disgruntled former Global Association of Risk Professionals' (Garp) ex-regional heads, has appointed an interim board.
Danger lurks on the rocky road to Basel II
Basel shortcomings
Op risk modelling evolves
Technology
On the path to recovery
Case study: NYBOT
Approach with caution
Indicators
A tough nut to crack
The Basel Accord
Rules and models
Basel II
On a slow road
Many in the energy industry are touting Italy as the next country in Europe to fully open its energy market to competition. But on closer examination, the country has a long way to go if it is to emulate the UK, the Nordic region and Germany. By Robin…