...Richard Barfield Basel II will have a huge impact on the risk management of banks across Europe. The author assesses the findings of a survey from PricewaterhouseCoopers of what the likely results will be on the banking industry. © Emerald Group Publishing Limited 2004 Banking Financial...

... of a piece of paper. © Emerald Group Publishing Limited 2004 Risk management Insurance Last summer, I was at a Rolling Stones concert, watching Mick Jagger strutting his stuff, and it struck me then that – unlike for him – it’s not all sex, drugs and rock & roll in the insurance...

... directors’ skills and experience. © Emerald Group Publishing Limited 2004 Corporate governance Risk management Directors The publication of the Higgs’ Report in January 2003 and its incorporation into the Combined Code inspired fierce debate across the corporate community, centered...

... is a targeted examination of the board of directors and corporate strategy with its hit‐or‐miss approach. It is a look at corporate governance and its key stakeholders and what it can mean in the risk management context. The latest International Accounting Standards and the new Basel II banking regulations...

... will see the retreat of socially valuable intelligence from the public domain. © Emerald Group Publishing Limited 2004 Financial reporting Risk management Regulation Internal auditing External auditing I recently decided that there was no longer space to store 20 years worth...

... a very strong coverage in the French market, they are targeting the rest of the Eurozone. © Authors 2004 Risk management Flow of funds Interest Risk management for equity portfolios has been driven by the development of capitalization‐weighted indices and measurements...

...Kai D. Leifert UCITS III has direct implications on risk management activities of asset managers. On 13 February 2004, German regulators published a derivatives ordinance (German: “Derivateverodnung”, Derivate V) being the first regulatory body throughout Europe to implement the EU regulation...

...Richard Tschemernjak As the end of the 2006 deadline to implement regulatory changes being proposed by the Basel Committee on Banking Supervision looms closer, banks are battling to make their credit risk management systems compliant. But the majority are looking beyond the demands of the regulator...

... management Balance sheets Risk management Liquidity In 2000, eight years after its inception, the Asset and Liability Management Association ran the first course in the UK on the fundamentals of ALM. The initiative has been warmly welcomed by the profession. It has now evolved into an annual...

...: International banks Risk management Financial risk Capital matters to most corporations in free markets, but there are differences. Companies in non‐financial industries need equity capital mainly to support funding to buy property and to build or acquire production facilities and equipment to pursue new...

... Management accounting Risk management Finance and accounting Management accounting and financial accounting used to be blood brothers. Today they are merely casual acquaintances; still on speaking terms but no longer sharing a common dialect or idiom. Management accounting, for the most part...

...Roger Davis The author, head of professional affairs at PricewaterhouseCoopers, suggests that there are great differences in the approach to regulation between the USA and Europe and suggests that the issues of risk management needs to better take this into account as the year 2004 unfolds...

...Arlette Wilson; Jefferson Jones Special purpose entities, generally known as SPEs, have been the bane of everyone in the risk management and the asset management business. But they can also be extremely useful. Now, post‐Enron, further rules have been put into place to ensure that SPEs are clearly...

... credit risk Table II capital changes for EU banks identified in QIS 3 Figure 2 Calculating operational risk © Emerald Group Publishing Limited 2004 Risk management Banking USA Europe Regulation Basel 2, the new and still draft Accord on minimum...

...Chris Mundy Through the 1990s board level risk was the key area of attention. But, the author argues, the events of 9/11 changed all that. Now the focus has moved, first to hazard risk management, and then widening out to cover all areas which board level risk management decisions must now...

..., that regulation is now seen as a risk. Risk management Financial institutions Regulation Banking Financial instruments Corporate Governance Risk management, it is probably fair to say, is now the biggest game in town – or more precisely the city. This is not simply because times happen to be hard...

...David Syer The latest consultation paper from the Basel Committee on Banking Supervision makes some changes to its regulatory proposals for operational risk management – the risk of losses resulting from inadequate or failed internal processes, people or systems and external events. The author...

... to question whether all of the possible consequences are as desirable as they might appear. © MCB UP Limited 2003 Basel Regulation Risk management Financial risk With the ink now drying on final versions of the New Basel Capital Accord, is it time to proclaim the end of risk management? Has...

... are required to hold, but also on the strategic landscape of the banking industry. © MCB UP Limited 2003 Banking Liquidity Regulation Risk management The Basel Committee released a third, and likely to be final, consultative paper for a New Capital Accord (Basel II). The proposal...

... the issues involved. © MCB UP Limited 2003 Risk management Fraud Financial risk We focus on various forms of business risk, and the manner in which many investors focus on the “wrong” ones. Operational risk is the umbrella category that is the source of many of the troublesome business...