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Email news Service August 2003 : Op risk insurance would be prohibitively expensive

BASEL, Switzerland, August 11 - The insurance industry currently has little appetite for developing new products to cover operational risk, the Joint Forum of banking, insurance and securities supervisors says in a report issued today.

Newsletter Jun 2003: No best way to validate internal credit ratings

LONDON - There\'s no single \"best\" way to validate the internal credit ratings required of banks by the more advanced risk measurement approaches under the Basel II minimum capital rules for bank safety, according to British Bankers\' Association (BBA) chief executive Ian Mullen.

Email news Service September 2003: Basel paper supports pillar-2 treatment of interest rate risk

BASEL, Switzerland, September 6 - Global banking regulators stressed today that banks must hold capital to match the level of interest rate risk they undertake and provide public information on their interest risk levels and management.

Newsletter Jul/Aug 2003: Delay to final Basel II accord inevitable

US rulemaking enters intense period of debate. Pressures on regulators for concessions. But accord backed \"on balance\" By Melvyn Westlake

Email news Service September 2003: Reticent experts prepare Basel II report

LONDON, September 12 - Basel Committee technical experts will now prepare a report for the Committee on what, if any, changes might be needed to the controversial Basel II upgrade of bank capital adequacy in the light of banking industry comment.

Email news Service September 2003: Three-way talks to boost coherence over bank capital and accounti

LONDON, September 17 - Bankers, regulators and accounting standards setters have agreed to start a formal three-way dialogue to try and achieve greater consistency between the regulatory capital rules and the accounting framework for banks. The first meeting of the three groups will be held \"within the next few weeks.\"

Email news Service September 2003: Isda takes pragmatic view of any Basel II delay

LONDON, September 18 - A leading derivatives trade association takes a pragmatic view of an expected delay in the coming-into-force of the controversial Basel II upgrade of international capital rules for banking safety.

Email news Service September 2003: Caruana says getting Basel II right more important than timetable

DUBAI, September 21 - Basel Committee chairman Jaime Caruana said today that getting the controversial Basel II upgrade of capital rules for bank safety right is more important than sticking to a timetable, Reuters news agency reports.

Email news Service September 2003: Basel experts wrestle with op risk capital allocation problem

LONDON, September 24 - Technical experts with global banking regulators meet this week to decide their position on yet another issue that some bankers believe could throw an obstacle in the path of the controversial Basel II upgrade of the international capital rules for bank safety.

Email news Service September 2003: Europe formally adopts new accounting rules

BRUSSELS, September 30 - The European Commission confirmed today its adoption of contentious new fair-value international accounting rules that will help underpin the risk-based supervision of banks, insurance companies and investment firms in the European Union.