Basel II
A kick up the backside
Just what are the world's regulators doing to help move forward the discussion around operational risk?
Keeping an eye on complacency
When it comes to AML initiatives, companies are displaying a worrying disregard for the perils of this criminal threat, despite recognising it as such. By Ellen Davis
HKMA out with new SPM
HKMA issues a supervisory policy manual (SPM) on the “Use of Internal Models Approach to Calculate Market Risk”.
Moody's: Basel II fuelling growth in collateralised debt
Basel II was key driver behind over €100 billion of collateralised debt issuance in EMEA.
JP Morgan recommends changes to Basel II NPR
JP Morgan Chase has set out to US regulators what it considers to be the main operational concerns over the interagency notice of proposed rulemaking (NPR) to implement a new risk-based capital framework based on Basel II.
DnB NORD selects FinArch
DnB NORD selects FinArch's Financial Studio for global Basel II compliance.
Industry offers comment on market risk NPR
Four industry bodies have issued a joint letter commenting on the supervisory agencies’ notice of proposed rulemaking on market risk.
US banks take their grievances to the White House
Citigroup, JP Morgan, Washington Mutual and Wachovia air their Basel II complaints to the National Economic Council.
Alliance and Leicester to operate under Basel II rules
Bank become first in UK to gain approval
Basel II unlikely to reduce securitization of corporate exposures according to S&P
A new Standard & Poor’s report ‘Assessment Of The Basel II Framework: Incentive To Securitize Corporate Exposures Remains’ has found that the introduction of Basel II is unlikely to translate into reduced securitization of corporate exposures.
SEB's Basel II credit risk model approved
SEB internal credit risk models approved by Swedish Financial Supervisory Authority
IRA Releases Q3 2006 Economic Capital Profiles for all US banks
IRA has released Q3 2006 Economic Capital, Basel II and financial performance indicators for all US banks
HSBC joins its peers in objections to US Basel II
HSBC North America Holdings voices its opposition to the Basel II proposal
India deadline delay ‘for the best’ says KPMG
A new KPMG survey shows the revised Indian deadline of March 2009 should boost Basel II take-up
BCBS issue paper on credit risk concentration
A recent research task force project reviews the impact of credit risk on levels of bank distress
Governor Susan Schmidt Bies speaks about American Basel II implementation
Speaking at the Institute for International Bankers Seminar the Governor sought to highlight recent US Basel II compliance developments
Monetary Authority of Singapore announce proposals for next stage of Basel II implementation
MAS set out their fourth consultation on Basel II and its requirements
CEBS Chair speaks at European Parliament hearing
Daniele Nouy speaks about the Committee's latest work on the Basel Accord
Banking supervisors endorse new Basel Core Principles
International banking regulators, meeting in Mexico, have endorsed 25 updated Basel core principles for effective banking supervision.
ERM: is the industry all bark and no bite?
This months OR&C Intelligence survey suggests that firms are preparing to buy into ERM but there are concerns that the change may not happen. Ellen Davis reports
Plain English please
Complaints are reaching me about the way in which the US regulators have released the notice of proposed rulemaking (NPR). My sources point out that the advance notice of proposed rulemaking – released way back in those halcyon days of August 2003 – came…