Capital Requirements Directive (CRD)
A race to the finish
The Basel Committee's third consultative paper contained few surprises. Regulators are nowfocusing on implementation, despite banks' major concerns about the treatment of riskmitigation techniques.
German regulators begin industry dialogue
FRANKFURT - Germany's regulators are about to change the way they interact with the banking industry as they gear up to implement the operational risk portion of Basel II by 2006.
Radwan working paper released
Alexander Radwan, a member of the European parliament (MEP) for Germany, released another draft of his working paper on the European Commission's capital adequacy directive (CAD) on May 20.
Framework developed for German banks
BONN, GERMANY - Many of Germany's banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad).
CP3, QIS3 coming this week, Radwan report delayed until May 20
The Basel Committee on Banking Supervision is said to be preparing to release both the third consultative paper (CP3) and the third quantitative impact study (QIS3) this week.
Risk management and data "are critical success factors" in insurer ratings, says Moody's
US-based rating agency Moody's says "the quality of data and risk management are growing in importance as success factors" for insurance companies, and as a result it is putting additional emphasis on these areas when reviewing a company, according to a…
Fractured consensus
The dispute between the US and many of its allies over Iraq has eroded US commitment to multilateralism and damaged the credibility of multilateral institutions. How will this affect Basel II?
Risk conference panellists issue warnings on US Basel position
Panellists on a roundtable devoted to the subject of the revisions to the Basel capital accords issued dire warnings about the implications of the US decision not to implement Basel II in its full form, but rather to select about 10 "internationally…
EU supervisory committee to be established
The European Commission is establishing a supervisory committee designed to promote convergence among EU nations in the adoption of the Basel Accord revisions and the related EU Capital Adequacy Directive (CAD), according to Jean-Claude Thebault, head of…
What's coming, and when
This article covers significant dates over the next couple of months from an international, European, UK and US regulatory perspective.
Isda and Liba protest against CAD3 divergences from Basel II
The International Swaps and Derivatives Association (Isda) and the London Investment Banking Association (Liba) have released their joint response to the European Union's third capital adequacy directive (CAD3). The response was delivered at non-public…
EU Parliamentary hearings raise a variety of issues
The Committee on Economic and Monetary Affairs of the European Parliament held a public hearing on Tuesday, Febaruary 19, titled "Minimum Capital Requirements for Banks and Investment Firms (Basel II)".
Cad 3 - Against their will [full story]
Europe's asset management industry is chiding Brussels bureaucrats for trying to bury it under a mountain of Basel-inspired regulation, which could boost costs and capital charges.
Small firms welcome EU proposals
BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.
Commission highlights weak points of op risk insurance
BRUSSELS - The European Commission highlighted in November major drawbacks to the use of operational risk insurance to reduce op risk capital charges, despite its readiness to explore a wider use of insurance than that proposed in the Basel II bank…
European asset managers gear up for CAD3
European asset management firms wanting to comply with the most sophisticated measurement method allowed in the revised Basel Accords—the advanced measurement approach (AMA)—must prepare now, as it requires them to have a whole set of advanced risk…
UK opposed to allowing wider op-risk insurance role in European capital rules
LONDON – UK regulators are opposed to the wider use of operational risk insurance to reduce capital charges under complex new European Union (EU) safety rules for banks and investment firms, regulatory sources said.
EU capital rules remain on tight deadline
LONDON – European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, but the issue today of a EU progress report is a positive step, officials at European banking organisations said today.
Europe considers wider op-risk insurance role in new capital rules
BRUSSELS - The European Commission confirmed today it proposes the possible recognition of operational risk insurance as a way of reducing capital charges in all three methods of measuring op risk in its new protective capital rules for banks and…
EU expected to report on Cad 3 progress next week
BRUSSELS – The European Commission is expected to give details on November 18 about how it intends applying the complex Basel II bank safety rules in the European Union, commission officials confirmed today.
EU expected to report on Cad 3 progress next week
The European Commission is expected to give details on November 18 about how it intends applying the complex Basel II bank safety rules in the European Union, commission officials confirmed today.
Europe allows wider role for op risk insurance in Cad 3 [full story]
BRUSSELS - European banks and investment firms would be able to use operational risk insurance to reduce capital charges in all approaches to measuring op risk under new European Union (EU) capital adequacy rules, banking industry and regulatory sources…
Europe allows wider role for op risk insurance in Cad 3
European banks and investment firms would be able to use operational risk insurance to reduce capital charges in all approaches to measuring op risk under new European Union (EU) capital adequacy rules.
Europe allows wider role for op risk insurance in Cad 3
European banks and investment firms should be able to use operational risk insurance to reduce capital charges in all approaches to measuring op risk under new European Union (EU) capital adequacy rules.