Bank Accounting & Finance articles from February 2005

Bank Accounting & Finance archives from February 2005

Measuring operations risk: are we taxiing down the wrong runways?
February 1, 2005... Quantification of operations risk is a major challenge. Driven by the push to allocate capital for ops risk, bankers have identified three major methods: relating operations risk to volume, various types of self-assessment and loss...

How transparent are MD&A disclosures?(management discussion and analysis)
February 1, 2005... In the aftermath of financial reporting and disclosure failures at Enron Corporation, Global Crossing Ltd., and other companies, the Securities and Exchange Commission (SEC) is pursuing legislative and regulatory reforms to expand the rules...

Boosting bank merger returns: management initiatives to capture hidden value.(MergeBank)
February 1, 2005... The world banking industry has undergone dramatic changes since the early 1980s. Waves of consolidations in the form of mergers and acquisitions of some of the largest banks have occurred. Consolidation is expected to continue beyond 2004...

Making sense of COSO's new framework for enterprise risk management.(Committee of Sponsoring Organizations)
February 1, 2005... Enterprise risk management (ERM) has been widely discussed for more than a decade but has taken root in only a few, primarily larger, financial institutions. Interest has built slowly since the mid-1990s, when the Economist Intelligence Unit...

Corporate culture and operational risk management.(Risk Management)
February 1, 2005... When First Union and Wachovia merged to form Wachovia Corp., CEO Ken Thompson articulated a simple but meaningful vision for the new company: to become the best, most trusted and most admired financial services company. A strong risk...

SEC proposes securities offering reforms.(SEC Update)(Securities and Exchange Commission)
February 1, 2005... Recently, the Securities and Exchange Commission (SEC) proposed rules and amendments that would significantly modify the registration, communications and offering processes under the Securities Act of 1933 (Securities Act). Specifically, the...

IASB issues first standard on accounting for insurance contracts.(International Standards)(International Accounting Standards Board)
February 1, 2005... Accounting for insurance contracts varies widely throughout the world and is often inconsistent with accounting practices for other industries. The board of the former International Accounting Standards Committee (IASC) set up a steering...