IV.8 Country Risk and transfer risk - Asociación de Supervisores Bancarios de las Américas

Operational Risk Transfer Across Financial Sectors

(Anonymous) — Fri, 01 Aug 2003 13:01:07 +0000

The Joint Forum of banking, securities, and insurance supervisors has been engaged in an effort to better understand risk management practices across all three sectors. In November 2001, the Joint Forum produced a report on Risk Management Practices and Regulatory Capital: Cross-Sectoral Comparison (November 2001 Joint Forum paper) that compared approaches to risk management and capital regulation across the sectors.

Credit Risk Transfer

(Anonymous) — Tue, 31 Dec 2002 15:56:28 +0000

Techniques for transferring credit risk, such as financial guarantees and credit insurance, have been a long-standing feature of financial markets. In the past few years, however, the range of credit risk transfer (CRT) instruments and the circumstances in which they are used have widened considerably. A number of factors have contributed to this growth, including: greater focus by banks and other financial institutions on risk management; a more rigorous approach to risk/return judgments by lenders and investors and an increasing tendency on the part of banks to look at their credit risk exposures on a portfolio-wide basis; efforts by market intermediaries to generate fee income; a generally low interest rate environment, which has encouraged firms to search for yield pickup through broadening the range of instruments they are prepared to hold; and arbitrage opportunities arising from different regulatory capital requirements applied to different kinds of financial firm.

Core Principles for Systemically Important Payment System

(Anonymous) — Mon, 01 Jan 2001 05:58:50 +0000

Safe and efficient payment systems are critical to the effective functioning of the financial system. Payment systems are the means by which funds are transferred among banks, and the most significant payment systems, which this report refers to as systemically important payment systems, are a major channel by chich shockscan be transmitted across domestic adn international financial systems and markets.

Core Principles for Systemically Important Payment Systems

(Anonymous) — Mon, 01 Jan 2001 05:50:38 +0000

Minimum Standards Intl Banking Groups & Cross-Border Establishments

(Anonymous) — Wed, 01 Jul 1992 00:52:57 +0000

In 1975, the Basle Committee obtained the agreement of the G-10 Governors to a paper setting out principles for the supervision of banks’ foreign establishments. These arrangements, revised in 1983 and now better known as the Concordat, took the form of recommended guidelines for best practice, and members of the Committee undertook to work towards their implementation according to the means available to them. Subsequently, in April 1990, certain practical aspects of these principles were elaborated in a Supplement to the Concordat.