Standardised approach may receive op risk charge cut, says ECB official

Strouzas, a panellist at the Professional Risk Managers’ International’s (Prmia) inaugural 2003 European Summit in Paris today, described Congressional testimony by US officials earlier this year that indicated only a dozen or so US banks would adopt Basel II, as politically motivated. He said the matter was raised at a recent G7 summit and the indications following that meeting were that adjustments to the standardised approach in CP3 would likely address US concerns.

Strouzas said he had seen

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