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Financial Risk Management Regulation InformationOverview This website provides information on many areas affecting Financial Risk Management, both from a regulatory and best practices perspective. Regulatory legislation is a big issue so we have provided the following main areas to cover the main legislation topics, (click on the left sub section menu to explore any of these areas). Integrated Prudential Sourcebook - UKThe Financial Services Authority in the UK have produced the IPSB (Integrated Prudential Sourcebook). The PSB is a single sourcebook that bring stogether Prudential Requirements for banks, building societies, investment firms, and insurers, including directive friendly societies. These will include the Basel II credit risk standards which are due for implementation in 2006. Basel II credit risk standards- EuroZone & USAThe Basel II Accord is an initiative controlled by the Bank of International Settlements. Banks in the EuroZone are required to implement these rules in 2006. These rules beef up the financial framework of banks to make them more resilient to adverse financial changes in the world markets, and so lessening the risk of financial disasters.
Sarbanes Oxley - USThis legislation was mainly formed due to the financial disasters in the USA, prompted mostly by the Enron collapse. Although all US listed firms must comply with these rules, they also apply to any foreign firm who has a listing in the USA, and as such it has affects many large companies throughout the world. EU RegulationsThis includes Solvency 1 and Solvency 2 initiatives, which are targeted at with profit life companies. The rules dictate that the financial firm must hold enough reserves to meet any potential liabilities which arise in the future. Augmenting these areas are more general information sections. These sections provide more general information on the financial markets and are helpful to provide the less advanced user with some of the basic information InvestorsProvides information on famous and infamous investors as well as stories. Private FinanceProvides information for the consumer, including a glossary of financial products. InvestmentsProvides a glossary of investment terms and other information. Please use the sub sections links on the left or the section content links below to find out more about Financial Risk Management Regulation Information. |
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