Loss survey supports arguments against capital charges, say fund managers
BASLE II UPDATE
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 claim made by some fund managers.
Losses from seven categories of operational risk, ranging from internal and external fraud to system failures and settlement errors, were modest or minimal compared with those in other business lines, the managers
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