The Basel Committee on Banking Supervision has published for comment its findings and recommendations on the range of practices and issues in economic capital modelling. This work focuses on the use of economic capital measures, governance processes, risk measurement and aggregation, and the validation of economic models. Klaas Knot, chairman of the Basel Committee’s Risk Management and Modelling Group and division director of Supervision Policy for the Netherlands Bank, said: “The paper presents the current state of practices in economic capital modelling. It discusses the steps banks have taken to address the modelling challenges they face and reviews supervisory concerns relating to current bank 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.