EU urged to recognise different op risk profiles of investment firms

BASLE II UPDATE

MONTE CARLO -- The European Union's plans to make investment firms as well as banks reserve capital against operational risk must acknowledge that one size does not fit all firms in the financial services industry, a leading European financial regulator argued in early July.

Howard Davies, chairman of the UK's Financial Services Authority (FSA), said the EU should avoid a simple extrapolation of the proposed Basle II bank capital adequacy rules to investment firms.

He added it may be necessary

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: