Banks and investment firms: not peas in an Op Risk pod

The Basel Committee’s op risk proposals threaten to damage European investment firms, says Angela Knight. She calls for a broader review of the problems.

Banking regulators drafting new capital adequacy rules for major banks should issue a general discussion paper on operational risk to meet the fears of investment managers, stockbroking firms and private banks in Europe. Such is the view of the London-based Association of Private Client Investment Managers and Stockbrokers (Apcims), which represents investment management firms, stockbrokers, wholesale investment firms and private banks managing some £330 billion ($475 billion).

Apcims

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