Regulators won’t charge against expected op losses


BASLE, SWITZERLAND -- Global banking regulators will not require capital charges under the proposed Basle II banking accord for expected operational losses -- such as from credit card fraud -- where a bank shows it has budgeted adequately for such losses.

The decision is a milestone in the regulatory treatment of operational risk, say banking industry analysts. It is likely to relieve the concerns of bankers who feared banks would have to reserve more capital than necessary to guard against b

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