Foreign banks can swerve US Basel op risk capital charges
New proposal offers category III and IV banks op-out from regime, but intragroup trades penalised
Foreign banks have had some of their previous concerns around capital charges for op risk allayed in the latest US proposals for capital requirements, released on March 19 this year, but concerns remain over inter-affiliate counterparty exposures.
Matthew Bisanz, a partner at law firm Mayer Brown, says the notice of proposed rulemaking is “generally good news” for foreign banks, especially those
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