US banks reject op risk capital charge

Washington, DC -- US banking organisations have vehemently rejected the operational risk capital charge in the new Basel Accord, also known as Basel II. Responding to the inter-agency advance notice of proposed rulemaking (ANPR) on implementing the New Basel Capital Accord in that country, US financial institutions, legislators and regulators alike said the charge was inappropriate and burdensome.

The ANPR classifies US banks into three groups. "Core banks," with assets of at least $250 billion

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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