U.S. Senator Mike Rounds and Senate Banking Committee Chairman Tim Scott today sent a letter to Jerome Powell, Chairman of the Federal Reserve Board of Governors, and Michelle Bowman, Vice Chair for ...

WASHINGTON - In the early stages of the ongoing revision of international capital rules, regulators on the Basel Committee on Banking Supervision insisted that whatever changes were made would not ...

BearingPoint, one of the world's largest business consulting and systems integration firms, has issued a white paper, "Seven Pitfalls In Basel II Operational Risk Implementation," detailing the steps ...

The severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important than ever. Operational risk is ...

The Basel Committee on Banking Supervision is seeking comment from the financial services industry on its proposed principles for operational resilience that aim to enhance banks’ ability to withstand ...

WASHINGTON, April 4 (Reuters) - The U.S. Federal Reserve said last month it will make significant changes to a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" ...

On July 27, 2023, the U.S. Federal Reserve released its long-anticipated Notice of Proposed Rulemaking (NPR), introducing sweeping changes to capital management and regulatory reporting. The proposal ...

Michael Hsu, acting director of the Office of the Comptroller of the Currency, said in a speech Tuesday that regulators are looking at issuing a rule to govern operational risk at the largest banks to ...

As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. The hand wringing and the weeping about credit risk, ...

By Cyril ODOIBanks and financial authorities worldwide work diligently to prevent financial crises of any kind. Global rules, known as the Basel Accords, establish safety standards for banks that ...