EU urged to recognise different op risk profiles of investment firms

Howard Davies, chairman of the UK's Financial Services Authority (FSA), said the EU should avoid a simple extrapolation of the proposed Basel II bank capital adequacy rules to investment firms.

He added it may be necessary to consider a further breakdown of the business lines proposed for measuring operational risk in Basel II in order to allow for a more risk-sensitive operational risk charge based on different scaling factors for different categories of business.

Basel II will determine how

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here