Op Risk Not Ready For Fixed Rules, Says Isda

BASLE II UPDATE

WASHINGTON -- Global banking regulators must recognise that the concept of operational risk is not yet ripe for a stable set of rules about how banks should set aside capital against this type of risk.

That will be the message the International Swaps and Derivatives Association (Isda) gives the Basle Committee on Banking Supervision, the body that in effect regulates international banking. Isda is the trade association for the derivatives and risk management industry.

Isda’s views will be ful