Federal Reserve Bank of Boston
Road to transition
For a moment it looked as if the post-crisis drive for reform was losing momentum. But the Basel Committee on Banking Supervision has established working groups to keep the industry focused, and to propose ways to keep moving forward
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…
Lessons learned
OpRisk USA
LDCE results show risk sensitivity in US banks, says Rosengren
NEW YORK – Initial results of the loss data collection exercise (LDCE) show that US Basel II banks are holding operational risk capital that is proportional to their losses, according to Eric Rosengren, senior vice-president at the Federal Reserve Bank…
Boston Fed publishes new op risk paper
The Federal Reserve Bank of Boston published another ground-breaking paper on operational risk in mid-June.
Regulators not keen to define "significant" international subsidiary
It is highly unlikely that Basel II regulators will have a precise definition of a "significant international subsidiary" in order to make it easier for internationally active banking organisations to determine which of their subsidiaries can calculate…
Research shows op risk capital will surpass market risk capital
A new research paper from the Federal Reserve Bank of Boston shows that the amount of capital that will be set aside under the new Basel II rules "will often exceed capital held for market risk, and that the largest banks could choose to allocate several…