Supervisors Open To Ideas As Basle II Op Risk Debate Widens To EU

Global banking regulators are keen to stress the "architecture" -- the overall strategy and purpose -- rather than the details at this stage of their plans to impose an operational risk capital charge on major banks from 2004.

This fact emerged as bankers continued to react -- sometimes with alarm -- to the op risk plans contained in Basle II, the new capital accord proposed in the first instance for large international banks by the Basle Committee of banking supervisors from the Group of 10

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