Latest Credit risk News: Finextra Research

BIS outlines plans to strengthen Basel II

The Basel Committee on Banking Supervision at the Bank for International Settlements (BIS) has announced plans to address the fundamental weaknesses revealed by the financial market crisis related to the regulation, supervision and risk management of internationally-active banks.

21 November 2008

News/Credit risk

Barclaycard to hire 200 staff for new Long Island facility

UK credit card outfit Barclaycard is to hire 200 people over the next year to work at a new administrative office in New York.

19 November 2008

News/Credit risk

Rabobank recruits Financial Objects for credit risk management project

Dutch banking group Rabobank has recruited UK fintech vendor Financial Objects to develop a counterparty credit risk management system which will be deployed across its global capital markets division.

21 July 2008

News/Credit risk

Liffe eyes over-the-counter CDS market

London's Liffe is looking to break into the market for credit default swaps with the launch of a new set of contracts and integrated OTC clearing through its Bclear operation.

07 July 2008

News/Credit risk

Credit derivatives clearing facility to launch in Q3

The Clearing Corporation (CCorp) has inked an agreement with the Depository Trust and Clearing Corporation (DTCC) that will result in the launch of a central clearing facility for over-the-counter (OTC) credit derivatives in the third quarter.

29 May 2008

News/Credit risk

Moody's hit by report of computer coding error

Credit ratings outfit Moody's has launched an external review following reports that it awarded incorrect ratings to billions of dollars of complex debt products due to a computer coding error.

21 May 2008

News/Credit risk

Salaries and bonuses rise for risk professionals

Despite the fall out from the global credit crunch, risk professionals working in the capital markets industry saw their total compensation increase by an average of seven per cent in 2007, according to a global survey by recruitment outfit Risk Talent Associates (RTA).

01 May 2008

News/Credit risk

China Everbright installs Misys trading and compliance software

China Everbright Bank is rolling out trading and compliance software from British banking systems vendor Misys across its treasury and capital business.

26 February 2008

News/Credit risk

Credit crisis to spur op risk IT spending - Datamonitor

The sub-prime crisis will spur banks to increase spending on operational risk technology from $754 million in 2007 to over $1 billion in 2010 - an average annual increase of almost 12% - according to the latest Datamonitor research.

01 February 2008

News/Credit risk

Autonomy to cash in on credit crunch

Shares in UK software house Autonomy rose after it said that it stands to benefit from the subprime mortgage crisis as US banks look to implement data retrieval technology for legal and regulatory reasons.

29 January 2008

News/Credit risk

Bank of Moscow signs for IPS-Sendero risk management package

Fiserv subsidiary IPS-Sendero says Bank of Moscow has licensed its risk management offering, IPS-Sendero KRM, which is based on technology developed by Honolulu-based Kamakura Corporation.

22 January 2008

News/Credit risk

Algorithmics signs Bank of Ireland Global Markets to market risk technology

Bank of Ireland is rolling out market risk measurement and management technology from Toronto-based vendor Algorithmics at its global markets division.

12 December 2007