The Basle II capital accord: op risk proposals in brief

Big international banks will be required for the first time from 2005 to set aside capital as a guard against op risk. The charge will be stipulated under Basle II, the new capital adequacy accord proposed by the Basle Committee on Banking Supervision, which chiefly comprises banking supervisors from the Group of 10 (G-10) leading economies.The Basle II op risk charge will sit alongside those for credit and market risks already required under Basle I, the current Basle capital accord that da