ComplianceHome: Basel II Resources
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• National Federation of Fisheries Cooperative selects Algorithmics Credit Advisory team
  Algorithmics has announced today that the National Federation of Fisheries Cooperative (NFFC) of South Korea has selected its Credit Advisory team to assist NFFC with several key strategic risk management projects. NFFC has a network of more than 500 branches throughout South Korea and specializes in lending to small and medium sized enterprises (SMEs) associated with the fishing industry. The bank is preparing to comply with the Basel II Internal Ratings Based approach, which it wishes to achieve by the end of 2009. The Algorithmics Credit Advisory team is providing the framework and best practices to help the bank realize this goal. In addition, the Algorithmics Credit Advisory team will be helping NFFC to improve its lending practices by enhancing its probability of default models. These development efforts will provide NFFC with more accurate measurements of the creditworthiness of its clients and play a major role in it Basel II program.
• Affin Bank deploys Basell II ahead of schedule
  Affin Bank Bhd has successfully deployed Basel II, as set by Bank Negara Malaysia (BNM) for all banks.Affin Bank chief risk officer Kasinathan Kasipillai said:
• UK banks to face greater disclosure on liquidity risk
  The UK financial services regulator today called for banks to adopt a
• FSA concedes that rules only go so far
  The Financial Services Authoritys discussion paper on banks liquidity requirements mentions Northern Rock just three times. But the ghost of the failed mortgage lender haunts every line of the 46-page document. Ever since it was bailed out by the government in September, Northern Rock has served as a stark reminder of the crucial importance of liquidity in the banking system. The notion that a large, solvent and well-capitalised bank could run out of money was not a possibility that bankers or regulators had spent much time discussing. Ever since they have talked about little else.
• BOE's King & Gieve Demand Regulatory Changes From UK Government
  Bank of England governor Mervyn King called for changes to be made to UK legislation to prevent future situations like Northern Rock. Speaking before the UK parliamentary Treasury Select Committee Tuesday, King said,
• Liquidity Risk Regulations Establishing the Foundation for Global Collaboration
  Central banks and other regulatory supervisors could ensure a safer financial climate by establishing more thorough requirements regarding capital and liquid assets as a basic way to ensure a safer financial climate. The recent co-ordinated effort to support the global money markets with the injection of $100 billion provides an indication that such an initiative may be considered. In particular, a more extensive endorsement of quantitative instruments for measuring liquidity risk would contribute to market stability. Those are the key conclusions of a White Paper published today by Algorithmics. The paper notes that within the Basel II framework, liquidity risk appears under Pillar 2 which means that banks are not subject to a formal capital requirement in connection with their exposure to liquidity risk. And although it is expressly mentioned within the Internal Capital Adequacy Assessment Process, no indication is provided regarding the quantitative methods to be used for measurin
• Celents Top Tech Trends in Banking: 2008
  2008 bank IT spending growth will experience a slowdown for the first time in several years. IT spending will climb by a modest 3.6% in 2008, a significant 0.5 percentage point drop from the 4.1% growth experienced in 2007. The credit crunch and looming economic uncertainty have banks tightening their belts. Banks of all sizes are slashing budgets and placing significant emphasis on keeping costs under control. This contraction will push numerous IT projects out of the picture and will make internal competition for IT resources that much greater. IT dollars will be hard to come by after compliance/regulatory spending and maintenance expenditures. This is a difficult position for banks to be in, particularly since the market is still extremely hyper-competitive. Banks will be forced to be creative with their funds in order to make investments go as far as possible. Financial institutions are facing numerous challenges: acquisition and diversification strategies are yielding disappointin
• Banks on a fund raising spree to meet Basel II norms
  With the deadline to comply with Basel II norms geting closer, banks have started banking on tier I and tier II funds to push up their capital adequacy ratio (CAR). While some banks like the Punjab National Bank (PNB) and Union Bank of India (UBI) have already raised capital through tier I and tier II bonds, others are actively looking at raising capital in the coming months either through rights issue or tier I or tier II bonds. PNB, early this month raised about Rs 300 crore through tier I perpetual bond series II and Rs 500 crore through upper tier II bonds through private placement aggregating Rs 800 crore. Similarly, UBI has raised capital to the tune of Rs 600 crore through tier I and tier II bond issues. The public sector bank raised Rs 200 crore through perpetual tier-I bonds at a coupon rate of 9.90% with step-up option of 50 basis points at the end of 10th year and Rs 400 crore through lower tier II bonds with a tenure of 10 year and 4 months. The tier II bonds carried a coup
• Basel II may not be enough to calm fears
  It has become fashionable to talk about the recent credit crisis. Unfortunately, that statement is wrong on two counts. Recent implies past; this crisis is ongoing. And second, what has been labelled a credit crisis is really a lot more serious: it represents the collapse of the alternative banking system. Now, with the imminent introduction of new banking rules under Basel II, there is a chance that things may become even more complicated. To understand this we should remind ourselves of the genesis of this crisis.
• Call to relax Basel banking rules
  The Government must suspend a set of key banking regulations at the heart of the current financial crisis or risk seeing the economy spiral towards a future that could
• Indian Banks face Foreign Attackers
  Indian banks are outperforming their counterparts in Asia and the rest of the world in crucial parameters, according to two new surveys on the Indian banking system. The Indian banking market is growing at an
• Basel II - MAS releases rules for Singapore
  The Monetary Authority of Singapore (MAS) released its interpretation of the Basel II rules for Singapore. The formalisation of the rules follows a three year consultation process. The Singapore Basel II rules will come into effect on 1st January 2008. The MAS implementation of Basel II appears to be very close to the standard Basel II interpretation as released in 2005 and 2006. The ruling will apply to all Singapore-incorporated banks, and, in contrast to a number of other jurisdictions, MAS does not intend to require banks to adopt specific approaches from among those that are available under Pillar 1 (Basic, Standardised, IRB, AMA, etc), but expects each bank to adopt the approaches that match with its risk profile.
• Basel II may not be enough to calm fears
  It has become fashionable to talk about the recent credit crisis. Unfortunately, that statement is wrong on two counts. Recent implies past; this crisis is ongoing. And second, what has been labelled a credit crisis is really a lot more serious: it represents the collapse of the alternative banking system. Now, with the imminent introduction of new banking rules under Basel II, there is a chance that things may become even more complicated. To understand this we should remind ourselves of the genesis of this crisis.