London - The results of a survey by global banking regulators of banks’ operational loss experience support arguments against using capital charges as the main protection against operational losses in fund management and broker activities. This is the...
The Basel Committee’s op risk proposals threaten to damage European investment firms, says Angela Knight. She calls for a broader review of the problems.
Critics of the European Union's plans to make all investment firms - not just banks - set aside capital against the risk of losses from operational hazards such as fraud, computer breakdowns and trade settlement failures, say their fears were confirmed...
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