Financial institutions are ill-prepared to deal with Basel II credit risk assessment regulations, according to a new report from Meridien Research. Most financial institutions will have difficulty complying with the new regulations due to a number of factors – primarily the availability and organization of the myriad data necessary for an internal ratings-based approach to calculating capital charges, Meridien said. In January 2001, the BIS Basel Committee released its draft capital accord, representing an initiative to revise and improve the management and reporting of capital held by financial institutions. The accord contains extensive and specific requirements regarding the collection and use of data surrounding banks’ credit assessment and management practices.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.