Openness essential to avoid Basel II Op Risk inconsistency, say credit-raters

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 Basel II will give regulators complete freedom when setting the op risk charges.

Basel II is the new capital accord proposed for large international banks in the first instance by the Basel Committee of banking supervisors from the Group of 10 leading economies.

Leading credit-rating agencies, in their comments on Basel

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