In a new report on the likely impact of Basel 2 on the banking sector, Moody’s said that new Capital Accord is likely to add more clarity and safety to the industry. ‘It matters little if the Accord will be finalised with several months of delay, what is clearer now is that there seems to be no way back – which brings more certainty to the entire process,’ said the ratings agency. It went on to explain that the main effect of Basel 2 should be a marked improvement to regulatory philosophy and in the framework for risk measurement, management, and controls. Moody’s noted that it does not expect the banking industry to necessarily achieve a higher level of regulatory capital solely as a consequence of Basel 2. In fact, the rating agency stated that the banking industry in the industrialised world (with the exception of Japan) is relatively well capitalised, especially when compared to the effort of so many banks to limit and even reduce the risk profile of their business and balance sheet. To some extent this is true even in Germany, although there are several cases of banks with low economic capitalisation, said Moody’s.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more