Risk
Through the looking glass into deflation
SPEECH - DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, assesses the risk of global deflation as quite high in her keynote speech at The Banker Awards 2002 dinner.
Fed 'lacks knowledge and tools' to burst bubbles
US - The Federal Reserve lacks the knowledge, foresight or precision tools it would need to pre-empt a stock market bubble, a senior Fed official said yesterday, and any attempt to do so would risk "severe collateral damage to the economy".
Credit risk measurement and procyclicality
RESEARCH - BIS Working Paper by Philip Lowe, September 2002. This paper examines the two-way linkages between credit risk measurement and the macroeconomy. It first discusses the issue of whether credit risk is low or high in economic booms. It then…
Speech by Susan Schmidt Bies of the Fed, 8 Oct
SPEECH - In the speech titled 'Corporate Governance and Risk Management' Bies said firms of all sizes should continue to pursue strategies to manage risk. Following sound risk management, governance, and disclosure practices consistently is also crucial…
Speech by M R P Devakula, Bank of Thailand, 26 Aug
SPEECH - In the speech Devakula said that as financial regulators, one of the Bank of Thailand's main tasks is to provide a prudential framework ensuring the overall improvement of risk management of financial institutions. In the case of Thailand…
Germany 'at risk of breaching deficit limit'
GERMANY - The Bundesbank yesterday warned that Germany was at risk of breaching the European Union's 3 per cent deficit limit this year and cast doubt on its chances of balancing its budget by 2004.
Fed's McDonough has advice for SA's bankers
SOUTH AFRICA - Bank capital rules brought up to date for a global marketplace must be flexible and take into account a bank's size and its risk appetite, New York Federal Reserve President William McDonough said on Wednesday.
Federal Reserve Board, Press Release, 20 Aug
PRESS RELEASE - The Federal Reserve Board announced on Tuesday that it will not, over the near term, incorporate two policy options into its longer-term Payments System Risk (PSR) policy plan. The Board will, however, continue to analyze the benefits and…
CLS bank waits on Fed approval for FX settlement
UK - Settlement bank CLS, aiming to provide a global system to cut risk in settling currency deals, hopes for regulatory approval next month for a full commercial start in the last quarter of this year, Reuters reports a spokesman as saying.
ECB call for papers
PRESS RELEASE - Call for papers for a volume on Foreign reserves risk management to be submitted by 15 February 2003.
Banks urged to expand risk management techniques
US - A top Treasury Department official said this week that regulators need to push banks to back up advanced risk management techniques with old-fashioned, case-by-case credit analysis.
The Regional Economist, July 2002
PUBLICATION - The Quarterly Review of Business and Economic Conditions, The Regional Economist, from the St Louis Fed contains an article 'Beyond Risk Lies Uncertainty' in which it is claimed stock market investors will find out why it's so important to…
Basel Committee Publications, July 2002
REPORT - Sound Practices for the Management and Supervision of Operational Risk, 31 July.
Bank of Japan Discussion Paper Series
RESEARCH - Japan's Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending, Rishi Goyal and Ronald McKinnon, July 2002.
An analysis of the BIS annual report
SWITZERLAND - The Bank for International Settlement's annual report, released today at the bank's annual general meeting in Basle, worked hard to put an optimistic interpretation on global economic prospects. However, amid the positive notes the report…
Kohler urges caution amid market volatility
ARTICLE - Horst Kohler gave an interview to the London Financial Times on Thursday in which he said that the biggest risk in today's uncertain financial markets is to "give the wrong signals and exaggerate problems so that they become a self- fulfilling…
Research from the St Louis Federal Reserve Bank
RESEARCH - The Stock Market: Beyond Risk Lies Uncertainty, By Frank A. Schmid, published in The Regional Economist - A Quarterly Review of Business and Economic Conditions from The Federal Reserve Bank of St. Louis.
Confidence boosted as Japan shows recovery signs
JAPAN - Japan's export-led economic recovery fuelled a record improvement in sentiment among large manufacturers in a survey of business confidence. However the survey also highlighted the risk to Japan's economic health from the yen's recent rise…
Speech by Susan Schmidt Bies of the Fed, 20 Jun
SPEECH - Speech by Fed governor, Susan Bies to the World Bank's 2002 finance forum meeting in Chantilly, Virginia. Bies examines whether developing countries can learn from the US experience in banking regulation.
BIS Operational Risk Data Collection, 4 June
RESEARCH - In May 2001, the Basel Committee on Banking Supervision launched a survey of banks' operational risk data. The Committee is now collecting data for the year 2001. This will include information on banks' operational risk losses and various …
Outgoing MPC member raises bank independence fears
UK - The independence of the Bank of England could be at risk if it continues to undershoot its target for inflation, a member of the Bank's monetary policy committee has warned.
Greenspan urges banks to rely on risk management
US - Federal Reserve Chairman Alan Greenspan said Friday that commercial banks and banking regulators need to rely more on the emerging field of risk management to control loan defaults during periods of economic weakness.
Outlook and Risk Assessment, Economy and Prices
REPORT - Outlook and Risk Assessment of the Economy and Prices, April 2002 as determined by the Policy Board at the Monetary Policy Meeting held on 30 April 2002 by the Bank of Japan.
Brazil clearance system up and running
BRAZIL - A new Brazilian bank clearance network designed to increase efficiency and reduce risk in the financial system of Latin America's No.1 economy got off to a smooth start on Monday.