Beyond Basel II - operational risk management comes of age

Banks can gain far more from managing their operational risks properly than simply satisfying the demands of global banking regulators.Efficient, integrated, enterprise-wide management of the risk of loss from such operational hazards as fraud, technology failure and trade settlement errors, will ensure better value for a bank's shareholders by reducing earnings volatility and promoting the efficient use of capital resources.Any cuts in capital charges against operational risk required by re

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