Risk management

The Basel III CVA deadline is fast approaching. Denny Yu, product manager of Risk for Numerix, explains the quantitative and technological challenges firms face in CVA implementation for both vanilla and exotic derivatives, and the key differences between the standard and advanced approaches for CVA calculations under the Basel III framework.

BISS Research’s Gary Wright explains why the fragmentation of  the CCP landscape in Europe, which is further complicated by the push for OTC derivatives onto exchanges, will cost the market more and introduce more operational burdens all while not reducing the risks expected.

New paper provides snapshot of Basel III implementation around the world 

FRSGlobal, the financial risk management and regulatory reporting arm of Wolters Kluwer Financial Services, a leading worldwide provider of risk, compliance and audit solutions for the financial services industry, today released a paper entitled “Implementing Basel III – are you ready?”.

Markit, a leading, global financial information services company, today announced that it has created a new set of tools to help traders and risk managers identify the correlations between changes in the value of credit default swaps (CDS) and movements in stock and options markets.  The new data service, Markit Credit Factors, will provide customers with the first sentiment signals for CDS produced by an independent financial information firm.

Fitch Solutions has launched a new suite of Bank Credit Risk Indicators to directly assist Credit Risk Managers, CVA Desks and Corporate Treasurers in better managing their regulatory, capital adequacy and risk mitigation requirements.

The Basel Committee on Banking Supervision has today published a peer review of the implementation by national supervisory authorities of the Basel Committee's principles for sound stress testing practices and supervision.

State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, today announced the launch of a Solvency II solution designed to help insurers tackle the data and reporting challenges imposed by this regulation. The product, called Data Cube, provides insurers with the underlying investment data needed for their solvency calculations and regulatory reporting.

The Basel Committee on Banking Supervision has today published its second progress report on Basel III implementation.

The report tracks the implementation of Basel II, Basel 2.5 and Basel III by Committee member countries. It outlines the progress of individual member countries in transforming the Committee's regulatory standards into national law or regulation according to the internationally agreed timeframes.

The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association, Inc. (ISDA) are pleased to announce the launch of the ISDA/IIFM Mubadalatul Arbaah (Profit Rate Swap) product standard to be used for Islamic hedging purposes.