US agencies release guidance and paper

Regulatory Update

In addition, the Federal Reserve published a paper, The Potential impact of explicit Basel II operational risk capital charges on the competitive environment of processing banks in the United States, by Patrick de Fontnouvelle, Victoria Garrity, Scott Chu and Eric Rosengren of the Federal Reserve Bank of Boston.

The interagency paper provides banks with rough guidance on the composition of any application for the advanced approaches -- such a package should include a self-assessment of the fi

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