Europe allows wider role for op risk insurance in Cad 3

That is what is likely to be proposed by the European Commission in a paper on progress with the European Union’s third capital adequacy directive, or Cad 3, that’s expected to be issued in mid-November, banking industry and regulatory sources said.

It would be good news for European investment firms and asset managers and their supervisors, who feared the firms would be required to set aside penal amounts of protective capital to guard against operational hazards such as fraud, technology

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here