Chasing The Gammas -- A Look At How The Basle Regulators See Operational Risk

The Basle banking regulators acknowledge there's much work still to be done on their ideas for an operational risk capital charge. David Keefe presents a summary of the Basle II proposals

A nebulous concept is taking shape in the minds of banking regulators seeking to ensure that the global banking system is safer, sounder and more efficient in the 21st century.

From 2004, the regulators will for the first time require international banks to set aside capital to provide for any losses that might