Basel II
'Big five' retain the consultancy crown
The usual suspects appear at the top of OR&C 's survey of consulting firms, but not without having their heels nipped at by the increasingly advancing competition
APRA outlines Basel II market risk proposals
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The data puddle challenge
The loss event taxonomies currently in use are inadequate. The worst problem is the lack of clarity with regard to the boundary conditions between risk event categories. Tara McLenaghen explores the issues
The forensic approach
PROFILE: SEBASTIAN FRITZ-MORGENTHAL
Standing on the threshold
A 'one distribution fits all' approach is not the best option for op risk models. Carsten Steinhoff and Rainer Baule explain why a tailor-made model is therefore vital to the accuracy of loss distribution models
Cayman Islands takes staged approach to Basel II
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Risk management and stability better under Basel II, but industry unprepared
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Banking on a more advanced approach
Banks must review their advanced measurement approach models if they are to experience a smooth transition under the new Basel II regime. By Thomas Kaiser, of consultants KPMG
Batting for British banks
Angela Knight, chairperson of the British Bankers' Association, talks to Nick Kochan about her hard-earned reputation as the scourge of the international regulatory community
Cross-border confusion
Europe's internationally active banks have until the end of this year to be fully compliant with the new Basel capital Accord, but a lack of clarity on cross-border implementation continues to cause major problems
Defining the boundaries
Him Chuan Lim, Basel II programme director at DBS Bank in Singapore, talks to Ellen Davis about operational risk's complex relationship with both credit risk and market risk
Basel II forces more hedge-fund transparency in Japan
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Australia releases draft standards on Basel II
Oz regulator fine-tunes Basel standards
IIF outlines major global risks in financial system
IIF points out possible pitfalls of massive liquidity and globalisation
Maas calls for faster, more consistent global regulatory framework implementation
IIF seeks more coherence in regulatory framework
Future options
Operational risk derivatives have been touted for a few years now, but interest in them moves in waves. The current tide is high, however. Duncan Wood tests the water
What to do with the treasure we've found?
This month, I've quite literally been around the world checking on the state of the operational risk industry. From my base in London, I've been to our conferences in both Singapore and New York.
Basel Committee chairman says changes on European supervision needed
Basel chair outlines vision for European supervision
Standardised approach in US depends on credit risk ruling
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State of the art
Guido Ravoet, secretary general of the European Banking Federation, talks to Victoria Pennington about changes in regulatory framework, the substantial amount of work facing compliance and risk executives, and why he thinks the EU financial regulatory…
Hometrack outlines who wins most from Basel II
Taking the advanced approach is best for large retail mortgage lenders.
NPR brings gloom for US banks
Basel II notice of rulemaking (NPR) responses vary widely on the best approach.