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The case of the missing controls?

The Basel regulators' proposals for operational risk aren't as risk-sensitive as the committee seems to think, says Tony Blunden. He argues the supervisors should pay more attention to recent developments in corporate governance.

No time to lose...

Operational risk management software will be essential under Basel II. And it means something more than a loss database, argues software supplier David Withey.

A beginning, not an end...

There's a host of operational risk issues still to be ironed out by the global banking industry and its supervisors. Bank regulator Jeremy Quick considers the key questions.

A lot of loose ends and not much time

There's little surprise, but reactions still range from cautious approval to outright hostility. And all sides agree that some very big loose ends remain to be tied up on a very tight schedule.

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