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US Congressman calls for op risk redraft

A Congressman and members of the banking industry lambasted the operational risk capital charge in Basel II at a fresh set of hearings, The New Basel Accord: Private Sector Perspective, held in the House of Representatives' Financial Services Committee…

Only a Drill

On a clear day in May, financial firms simulated a worst-case scenario for an industry trying to prepare for the next 9/11.

Basel II Alert - Highlight of Critical Changes

It has been more than six years in the making, but the final text of the Basel II framework has arrived. The Basel Committee on Banking Supervision published the text at the end of June to a mix response from the financial services industry.

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