Openness Essential To Avoid Basle II Op Risk Inconsistency, Say Credit-Raters
NEW YORK AND LONDON -- Openness and disclosure between banks and global regulators will be "highly desirable, if not essential" if there are not to be major inconsistencies in setting operational risk charges after 2004.
Credit-rating agency Fitch says the potential for inconsistency arises because the use of the so-called alpha, beta and gamma factors that will determine op risk charges under
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