Financial statements filed by US-based financial services firms and energy companies remain somewhat obscure and difficult to understand, despite the recent spate of accounting scandals. But FASB and the SEC, looking to avoid another Enron-like disaster, are attempting to create a new set of principlesbased standards that could require firms to provide clearer, ... click here for more details.

Successful Asian banks are establishing risk limits as part of an effort to synchronize the integration of their operational risk models with their existing business units. But what steps are these banks following to set operational risk limits? And what are the potential benefits of embedding operational risk into a bank’s ... click here for more details.

From the early 1970s to the present day, financial risk management has grown by leaps and bounds. Aaron Brown, a long time risk management professional, had a front-row view of much of this evolution. Recalling both his own experiences and those of his colleagues, Brown outlines and analyzes the seminal ... click here for more details.

The integrated, firm-wide approach to risk management — also known as enterprise risk management — is gaining momentum in the financial services community. But what is the real gap between ERM and the more traditional, functional approach to risk management? How does an ERM team approach risk differently than a functional ... click here for more details.

The Basel II capital accord has been created partly to entice banks to adopt enhanced risk management strategies and systems and partly to force them to better align their capital with their risks.The ultimate impact of the accord is yet to be determined, but there is already a wide range ... click here for more details.

Editors Letter, Financial Reporting Standards: Seeking Answers to Transparency Troubles

Barra Expected to Boost Morgan’s Buy-Side Appeal

DKR Capital Taps Satish for Top Risk Management Post

Over the past two decades, many countries across the globe have endured at least one banking crisis. But the exact causes of such crises remain an open-ended issue. Some people believe that bank mergers, which increase concentration levels, have fueled crises. But other industry experts argue that mergers often actually ... click here for more details.

Data inaccuracies and inconsistencies are a major headache for financial risk managers.These managers must purge data impurities to allow their firms to leverage meaningful information in a controlled environment. But considering the variety and volume of data flowing through every organization, this is no small task.Tim Davies examines the causes ... click here for more details.