Latest News

Basle Penalises Credit Derivatives
Concerns about documentation mean that, under the new Basle Accord proposals, credit derivatives will face a higher capital charge than tried-and-tested credit risk mitigation techniques. 26 Jan 2001

Systemic risks on the rise
Levels of interdependence in the financial system have increased the threat that a major bankruptcy would result in systemic failure, according to a report commissioned by the G-10 and released yesterday. 26 Jan 2001

Ratings agencies spot Basle opportunity
The capital relief promised by the new Basle Accord for banks who are able to calculate default probabilities, has prompted a scramble by ratings agencies to unveil risk measurement software. 25 Jan 2001

Basle bickering begins
Smaller banks in the EU are claiming they will be at a disadvantage under the Basle Committee's proposed new regulatory framework, despite the significant concessions offered by the proposals. 23 Jan 2001

Proposals herald new Capital Accord
The Basle Committee's proposal for a new regulatory capital framework for banks was released yesterday - the latest step towards an update of the existing 1988 framework. The proposals included much-anticipated guidelines on the use of internal ratings to set credit risk capital, and set out an operational risk charge for the first time. 17 Jan 2001


Archived News
Past news items can be found in the archive.


Feature Articles

Reform of Regulatory Capital - Key Points for Smaller Banks
The reform of the 1988 Basle Accord - currently underway, with a second-round consultation document due to be released in January 2001 - will see banks faced with one of the biggest changes to their business for years.
Comment: Includes links to BIS accord, revision proposals, reviews and other capital adequacy issues.

Stuck in the slow lane
The time is approaching for a comprehensive update of the 1988 Basle Capital Accord, the blueprint for the regulation of bank lending in most OECD countries.
Comment: Includes related links to the Basle proposal and an article on distortions remaining in the newly proposed capital accord--Rationalising Regulatory Credit "Buckets"


Featured Articles Archive


Resources
Includes article archives, case studies, surveys, interviews and links to resource sites from firms offering services in this area. Don't forget to check the Reference Centre for links to resources that apply to all areas of interest.

Hot Topics at ERisk.com
Stepping-off points to some of the most exciting issues in risk management. Each stepping-off point links a brief discussion of a current issue to useful information available on the world-wide web.

ERisk.com Case Studies
Learn from the mistakes of others with our exclusive analyses of real-life disasters


ERisk Research archive
The ERisk archive offers a growing collection of materials to read and download, and has been primed with papers written by ERisk's experts. The main categories are: Enterprise risk management, credit risk, market risk, operational risk, other.

Turnbull Report on business risk management and Arthur Anderson risk resources
This site contains the Turnbull report conclusions and Arthur Anderson's response to it--demonstrated through ideas, practices and case studies.

Mastering risk beyond Turnbull
In summer 2000 Arthur Andersen held research workshops in London, Manchester, Leeds and Glasgow involving 100 heads of internal audit, risk managers, company secretaries and others working in risk management in top UK companies. The purpose of the workshops was to give risk management practitioners a voice in an open forum, to air common issues and to share experiences and good practices. Find out what was said here.

Financial Disasters
Case studies on Barings, Sumitomo, the Asian crisis, LTCM and 13 Q's for shareholders to ask directors.

GARP Resource Collection
Links to consulting, training and recruitment firms as well as research, software and technology.

Financial Scandals
This page contains links to sources of information on various financial scandals.


Reference
Learn about the fundamentals here. Links to dictionaries and encyclopaedias, glossaries, introductory material and concept-based learning.

The Risk Jigsaw
A great place to start learning about risk. Put together the pieces of the risk management puzzle with this growing series of briefings on the key types of risk.

The ERisk Encyclopaedia
Your quick and easy resource for explanations and definitions of risk topics and terms.

Risk Concepts
IFCI explains 13 key risk concepts. The framework, consisting of 13 key risk concepts, is structured around the following three questions:

• What are risks about which regulators are worried, i.e. sources of risk?
  
• Why are the regulators concerned about these risks, i.e. what are the public policy concerns?
  
• What techniques are available to regulators to address these concerns, i.e. what are the risk mitigation techniques?