Risk
Revisions to Fed's payments systems risk policy
The Federal Reserve Board announced on Friday 26 November the approval of proposed revisions to its Policy on Payments System Risk (PSR Policy) addressing risk management in payments and securities settlement systems.
Revisions to Fed's policy on payments system risk
The Federal Reserve Board announced on Thursday 23 September that it has revised its Policy Statement on Payments System Risk (PSR policy) concerning interest and redemption payments on securities issued by government-sponsored enterprises (GSEs) and…
Risk Management for Central Bank Foreign Reserves
The European Central Bank released a publication entitled "Risk Management for Central Bank Foreign Reserves" on 26 May. The publication gathers contributions by academics and practitioners on the role risk management plays in the management of central…
PBOC chief calls for risk exchange to price NPLs
China's central bank chief, Zhou Xiaochuan, is urging the establishment of a risk exchange market that would price banks' nonperforming loans and allow for their sale to entities willing to assume risk in exchange for the opportunity of high profits.
Interview with BIS General Manager Malcolm Knight
In an interview conducted on 25 September, Bank for International Settlements general manager Malcolm Knight said "It would be likely that Basel II would assign India a sovereign risk weight of 50 percent instead of the 100 percent it receives under the…
Boston Fed launch Operational Risk & Capital site
The Boston Fed has launched a web site dedicated to Operational Risk and Capital. The site contains information related to the proposed new international capital accord, Basel II.
Strikes may delay economic recovery: BOK chief
Bank of Korea (BOK) governor Park Seung said on Thursday 7 August that the central bank will keep a close eye on economic developments as there are both positive and negative signs present, reported the Korea Times. But if labour and risk management…
McTeer speech to the Risk Management Association
In a speech before the Risk Management Association Bob McTeer of the Federal Reserve Bank of Dallas said the main reasons for expecting a stronger recovery are the prolonged and massive monetary easing, fiscal policy's move toward expansion, lean…
Ueda on credit risk transfers and central banks
In a speech on 'On Credit Risk Transfer Instruments and Central Banks' Kazuo Ueda of the Bank of Japan said the Bank has been massively increasing the supply of liquidity. The monetary base has risen by 50% and bank reserves have quadrupled during the…
Fedspeak with the Fed rate cut
An article in the Washington Times suggests that to understand what the Federal Reserve does, it's best to start with reasonably low expectations about what any central bank can do. It also suggests that the Fed's "balance of risk" assessment of the…
New risk control framework for eligible assets
In the context of the regular assessment of the risk control framework applicable to eligible assets used in Eurosystem credit operations, the Governing Council of the ECB has approved changes to the risk control framework, 2 July.
Fed should focus on systemic risk from banks-Stern
Minneapolis Fed President Gary Stern said in an article on regulatory reform this week that "Risk is not evenly distributed across banks", according to a report from Reuters, and that the largest banks, or those focused on payments system processing,…
Joint note from the BCBS, IAIS and IOSCO
The Joint Forum Risk Management Practices and Regulatory Capital Cross-Sectoral Comparison, June 2003. The joint note provides a record of the initiatives taken by each sector to combat money laundering and the financing of terrorism.
Ferguson on Basel II and risk management
In a speech on 'Basel II: A Case Study in Risk Management' Roger Ferguson of the Federal Reserve said the proposed revision of the international capital accord is basically about improving risk management in banking. It is a regulatory framework that…
Fed's Parry: Fed has room to ease again
San Francisco Fed president Robert Parry has said there may still be room to reduce interest rates, if it were called for, as the risk of sparking an inflation increase was low.
RBI issues risk management guidelines
In its guidelines on country risk management, the Reserve Bank of India has asked banks to address issues of identifying, measuring, monitoring and controlling country exposure risks in their country risk management policies.
McDonough on Implementing the New Basel Accord
SPEECH - In the speech 'Implementing the New Basel Accord' William McDonough of the Federal Reserve Bank of New York said the success of the New Accord will be directly attributable to the enormous support and assistance provided by both bankers and…
McDonough on risk mgmt, supervision and Basel II
SPEECH - William McDonough examines how enhancements in banks' risk management processes have led supervisors to move to a more process-oriented, risk-focused approach to supervision, and explains how provisions in the New Basel Accord will support…
Lars Heikensten on Sweden's road to EMU
SPEECH - Riksbank governor Lars Heikensten says that direct changeover to the euro from 2006 is good news for the financial sector and will lessen the risk of payment system disturbances. He also emphasised the importance of creating a transparent, clear…
BIS Press Release
PRESS RELEASE - Central banks to collect more in-depth statistics on banks' country risk exposures, 7 February.
Sveriges Riksbank Press Release
PRESS RELEASE - Direct changeover from 2006 lessens the risk of payment system disturbances, 3 February.
France warned over stability pact violation
France's intention to effectively ignore the EU's stability and growth pact brought warnings on Wednesday to stop challenging the rules underpinning the euro, or risk causing long-term harm to the credibility of the single currency.
CGFS publication: Credit risk transfer
REPORT - Report submitted by a Working Group established by the Committee on the Global Financial System, credit risk transfer, January 2003.
Fed's Parry-reason for uncertainty on U.S. economy
San Francisco Federal Reserve President Robert Parry said on Friday the threat of war with Iraq and the risk of terror attacks have created much uncertainty about the U.S. economic recovery.