Risk financing might solve doubts over op risk insurance

BASLE II UPDATE

LONDON -- Combining risk transfer with risk financing might be one way of resolving regulator doubts about the use of insurance to mitigate operational risk under the proposed Basle II accord.

Thomas Leddy, executive director of Fox-Pitt Kelton, the investment and corporate advisory arm of Swiss insurance group Swiss Re, said the combination could ensure that funds were immediately available to a stricken bank. There would be no delay in paying out while insurers established whether the cause

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