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Basle II Delay To Add To Banks’ Confusion

LONDON -- Confusion about operational risk is likely to increase among several major banks as a result of the 12-month postponement of the Basle II banking accord, according to Andrew Grant, London-based head of risk practice at professional services firm TCA Consulting.

These banks, some of them hopelessly confused, cite lack of leadership from global banking regulators as the reason they have yet

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