A tough balancing act
The Office of the Comptroller of the Currency, under the watchful eye of deputy comptroller Kevin Bailey, is moving ahead with its Basel II policy. Victoria Pennington reports
Kevin Bailey wants "to get banks to understand their risks and to better manage their exposure". Listening to him talk about Basel II policy, one would be forgiven for thinking that this is his new mantra. But it is the message that he is striving to get across to banks: the need to maintain and manage an effective operational risk framework.
Bailey has a wealth of knowledge and experience with
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