Through newly proposed rules and calls for further studies, uS banking regulators continue to delay the launch of Basel II. There is legitimate concern that the capital accord could actually reduce the level of capital in the US banking system and potentially weaken existing regulation. Peter Manning illuminates ... click here for more details.

Is the current hybrid model used for financial reporting in the United States too complex? And is a more pragmatic solution available? Gordon E. Goodman argues that the Financial Accounting Standards Board needs to make the US financial reporting system simpler and more transparent by adopting the so-called fair value ... click here for more details.

Standard and Poor’s has created new criteria for evaluating the ERM capability of insurance firms across the globe.What are the risk management components of this criteria? And how does S&P’s evaluation process measure up against COSO’s ERM framework? Benton Brown investigates.

Demetria O’Sullivan, the current director of market and product risk at Bache Financial Limited, has built up a rather large reservoir of risk management knowledge through a diverse career that has included stints as a credit risk analyst, a portfolio risk analyst and a customer liaison manager. Recently, she spoke ... click here for more details.

Editor`s Letter: Basel II: Delays Raise Questions in US

Industry News: Global Survey Reveals Interesting Risk Management Findings

1. Letter to the Editor 2. HBTF Taps Hani Jawabreh, a GARP RD, for Investments Post

From his time as the president and the CEO of the Federal Reserve in the 1980s to his stint as the chairman of the Basel Committee in the 1990s to his current role as the co-chair of the firmwide risk management committee at Goldman Sachs, E. Gerald Corrigan has just ... click here for more details.

Vision, strategy, governance structure, processes and technology. These are the core elements that a nonbank financial institution must consider when developing a comprehensive operational risk management program. Dr. Fausto Membrillo identifies and analyzes the keys to ORM success for non-banks.

What elements should a financial institution consider when developing an analytical framework for operational risk? What are the specific roles of risk identification, measurement, reporting and management? Marcelo Cruz explores these issues and offers a step-by-step operational risk plan.