Basel II
Alliance & Leicester becomes UK’s first Basel II approved bank
FSA approves Alliance & Leicester's Basel II regime
ICBA slams Basel II NPR
Independent Community Bankers of America commends the banking agencies' proposal to retain the Tier I leverage ratio and the transitional safeguards as part of the implementation of Basel II capital rules
Harvesting loss data
Although often the core of Basel II models, loss event data is usually less robust than op risk executives would like. Peter Madigan explores the challenges around collection, clearing and enrichment
Fed chairman says Basel II NPR deadline will be met
Ben Bernanke tells Senator Shelby Basel II NPR deadline will be met
Lebanon & Gulf Bank opts for Misys for Basel II compliance, asset liability management and AML
Lebanon & Gulf Bank selects Misys Almonde to comply with Basel II regulatory requirements and fulfil its Asset Liability Management requirements.
Indian banks are ramping up risk management systems, says survey
A survey conducted by Oracle India, i-flex solutions and the Indian Banks Association (IBA) has revealed that a majority of Indian banks plan to build comprehensive risk management systems while progressing with their Basel II compliance initiatives.
South Korea on target for Basel II
The South Korean Financial Supervisory Service (FSS) will begin screening banks’ Basel II programmes from June.
Two heads are better than one
Glenn Christensen of Synovus Financial Corp. introduces an enterprise risk management strategy known as the Bifurcated ERM Methodology
Resolving the confusion
Risk control self-assessments have become a Tower of Babel for the op risk discipline, with a variety of different approaches being taken. Ellen Davis reports
GAO report: common sense with a twist
The new report from the US's Government Accountability Office has much common sense in it.
Two speeches; two very different views of Basel II in the US
Comparing the views of two US banking supervisors shows just how close the US is to reaching an impasse over Basel II.
Russia opens up
Russia is moving ahead with Basel II implementation, with a new industry working group and new regulatory rules. Ellen Davis reports
Agencies seek comment on new proposed supervisory guidance for Basel II
US agencies issue more guidance on Basel II
US GAO recommends implementing Basel II
GAO urges regulatory to press ahead with the implementation of Basel II
Banks call for third way to implement Basel II
US banks want a third way for Basel II implementation
Bahrain prepares to adopt Basel II
The Central Bank of Bahrain is out has with a consultation on its proposals concerning the implementation of Basel II.
With a bang or a fizzle?
With the deadline having passed for submitting Basel II risk model applications to national regulators, Europe's financial institutions should be well on their way to compliance. But the reality is that many are still struggling to implement the new…
Default and recovery correlations - a dynamic econometric approach
Integrating coherences between defaults and loss given default (LGD) is postulated by Basel II. If there is a positive correlation between the two, separate models for each lead to biased estimates for the LGD parameters, and the economic loss is…
Time for change
Implementation of the core principles of op risk still has a long way to go in the Asia-Pacific region. Ellen Davis reports
Event horizon
Rick Cech takes a second look at what makes up operational risk event types, and asks if there is a more advanced way to define them
Russia opens up
Russia is moving ahead with Basel II implementation, with a new industry working group and new regulatory rules. Ellen Davis reports
Shortfall: a tail of two parts
Richard Martin and Dirk Tasche show that the expected shortfall, when used in the conditional independence framework, has an elegant decomposition into systematic (risk-factor-driven) and unsystematic parts. The theory is compared and contrasted with the…