EU welcomes Basel regulators' op risk paper

He was commenting on the working paper on op risk issued in late September by the Basel Committee on Banking Supervision, the body that in effect regulates international banking.

Full support
The commission, whose officials attend Basel Committee meetings as observers, fully supported the working paper, which also allowed for a range of additional advanced approaches to calculating an op risk capital charge.

The commission intends bringing in new capital adequacy rules from 2005 - under its thi

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