Regulators
Reality bites
Op risk management no longer sits solely in the theoretical space, and has been brought down to earth with a thud. Patrick de Fontnouvelle of the Federal Reserve Bank of Boston predicts 2010 will be a year of focusing on the practicalities of…
2010: what's in store?
With the direction of markets uncertain and no consensus on the future of interest rates, inflation and a multitude of other financial indicators, Structured Products talked to professionals in Asia, the US and Europe about their views on what 2010 may…
Level 3 committees support EU supervision plans
Cebs, Cesr and Ceiops have welcomed the European Commission’s supervision proposals
Senate Banking Committee produces rival US regulatory reform bid
Senator Dodd is preparing legislation that could scupper US Treasury plans
Nordic horizons
Markets in the Nordic region have been far from immune from the troubles that have hit structured products across Europe. But speakers and delegates at the Structured Products Nordic Region conference spoke of light on the horizon - despite the pressing…
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
IIF trumpets principles for relations with regulators
IIF seeks better regulatory harmonisation, starting in Asia
Under Scrutiny - Regulators focus on credit
Well-publicised risk issues and a recent growth spurt have brought credit markets firmly under the scrutiny of global regulators. Nikki Marmery investigates whether the attention will prove to be a boon for attracting more investment - or a barrier to…
Six months for US parallel running?
BOSTON – Regulatory authorities in the US might shave Basel II’s year of parallel running down to just six months, according to several industry sources.
Seeking an end to manipulation
Renewed allegations of manipulation of natural gas pipeline capacity in the US have been partly blamed on regulatory complacency. How can regulators put an end to the problems dogging the gas markets? Catherine Lacoursière reports
Regulators drive op risk innovation, says Meridien
Banks will need to step up their efforts to comply with the operational risk components of the revisions to the Basel Accords, says a new report from Meridien Research, a consultancy based in Massachusetts.
Regulators call on banks to focus on cross-border e-banking risks
BASEL - Banks need to integrate cross-border electronic banking risks into their overall risk management framework, the Basel Committee said in a paper released today.
Implementing Basel II: the practical implications
180 risk professionals gathered in London last month to discuss the practical implications of implementing Basel II. National discretion, economic capital models and data collection and consistency were all hot topics at this PRMIA/ISDA-hosted event.
Regulator urges UK banks to look hard at EU capital proposals
LONDON – UK banks should look hard at a draft text of European Union (EU) capital rules that the European Commission plans to issue around the end of October, the UK’s senior financial regulator said today.
Regulators say main Basle II issues agreed
Global banking regulators believe there are now no substantial issues remaining with the complex Basel II rules on bank capital following an agreement on key issues announced today.
Regulators grow confident about Basel II calendar
Global banking regulators were expected to issue an upbeat statement in mid-July on progress with the controversial Basel II bank accord after several months of uncertainty in which some bankers doubted the accord would ever see the light of day.
Regulators want active dialogue on op risk
BASEL - Active dialogue between banks and their supervisors is the key to the continued development of approaches to managing operational risk, global banking regulators said in a much-delayed paper on op risk sound practices issued in December.
Basel regulators cut op risk charge benchmark to 12%
BASEL - Global banking regulators formally acknowledged in late September some of the criticisms of their controversial proposal for an op risk capital charge. Their plan is to make large international banks set aside protective capital from 2005…
Regulators acknowledge change needed
Global banking regulators have conceded that certain areas of their Basle II bank accord proposals needed further adjustment in order to meet key objectives of the accord.