Basel II would mean banks less able to deal with NY attacks, US Senate told
Save this article
Print this page
Karen Shaw Petrou, managing partner of Washington-based banking and financial consultancy Federal Financial Analytics, told the committee the plan would impose a specific charge against op risk without any discount for banks that invested extensively in disaster recovery.
She urged the US Congress to take "a close, hard look" at pending changes embodied in the proposed Basel II bank capital accord.
She said it might be assumed that bank regulators would try to create as many incentives as poss
To continue reading...
Start a Risk.net Trial
Register for a Risk.net Business trial to access this article. Sign up today and get access to: