FSA releases latest paper on Basel II

The consultation paper is exceptionally long -- the core paper is some 200 pages, while the various bits of draft guidance and rules runs to another 300 pages. The FSA also expects the paper it will issue in September 2005, with the hard-wired Prudential Sourcebook text, to be even longer.

A brief overview of the material released -- which focuses on the implementation of Basel II via the EU’s Capital Requirements Directive (CRD) -- shows that the op risk portions of the consultation

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