Op Risk Not Ready For Fixed Rules, Says Isda


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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: